Sachem Head Capital Management LP Increases Holding in Lowes Cos (LOW); As Lowes Cos Com (LOW) Valuation Declined, Holder Beese Fulmer Investment Management Has Decreased Position by $351,306

August 12, 2018 - By Palma Niemeyer

Lowe's Companies, Inc. (NYSE:LOW) Logo

Sachem Head Capital Management Lp increased its stake in Lowes Cos Inc (LOW) by 2.64% based on its latest 2018Q1 regulatory filing with the SEC. Sachem Head Capital Management Lp bought 65,000 shares as the company’s stock declined 0.84% with the market. The hedge fund held 2.53 million shares of the consumer services company at the end of 2018Q1, valued at $221.57M, up from 2.46 million at the end of the previous reported quarter. Sachem Head Capital Management Lp who had been investing in Lowes Cos Inc for a number of months, seems to be bullish on the $80.24B market cap company. The stock decreased 1.63% or $1.63 during the last trading session, reaching $98.31. About 3.07M shares traded. Lowe's Companies, Inc. (NYSE:LOW) has risen 18.89% since August 12, 2017 and is uptrending. It has outperformed by 6.32% the S&P500. Some Historical LOW News: 30/05/2018 – Fiberon launches Elements Aluminum Railing at Lowe’s and lowes.com; 06/03/2018 – RBA GOVERNOR PHILIP LOWE COMMENTS IN SYDNEY Q&A SESSION; 06/03/2018 – LOWE: TARIFF ESCALATION COULD LEAD TO GLOBAL ECONOMIC SHOCK; 26/03/2018 – Home improvement chain Lowe’s CEO to retire; 23/05/2018 – Lowe’s New CEO Inheriting Chain Reeling From Tough U.S. Spring; 06/03/2018 – RBA’S LOWE SAYS MACROPRUDENTIAL MEASURES ON HOUSING WORKED, SHOULD BE PART OF TOOL BOX; 06/03/2018 – RBA’S LOWE SAYS INVESTMENT SHIFTING TO INFORMATION TECHNOLOGY, SERVICE INDUSTRIES; 23/05/2018 – William Ackman’s Pershing Square Builds Roughly $1B Stake in Lowe’s Cos; 23/05/2018 – RBA’S LOWE: HAVE MORE STAFF LOOKING AT CHINA THAN ANY OTHER SINGLE OVERSEAS ECONOMY; 08/03/2018 – RESOURCE GENERATION LTD RES.AX – EFFECTIVE IMMEDIATELY, ROB LOWE WILL STAND DOWN AS CEO AND ASSUME ROLE OF ADVISOR – PROJECT FUNDING

Beese Fulmer Investment Management Inc decreased its stake in Lowes Cos Inc Com (LOW) by 5.2% based on its latest 2018Q1 regulatory filing with the SEC. Beese Fulmer Investment Management Inc sold 4,038 shares as the company’s stock declined 0.84% with the market. The institutional investor held 73,684 shares of the consumer services company at the end of 2018Q1, valued at $6.47 million, down from 77,722 at the end of the previous reported quarter. Beese Fulmer Investment Management Inc who had been investing in Lowes Cos Inc Com for a number of months, seems to be less bullish one the $80.24B market cap company. The stock decreased 1.63% or $1.63 during the last trading session, reaching $98.31. About 3.07M shares traded. Lowe's Companies, Inc. (NYSE:LOW) has risen 18.89% since August 12, 2017 and is uptrending. It has outperformed by 6.32% the S&P500. Some Historical LOW News: 19/05/2018 – Fixing Up Lowe’s — Barron’s; 06/03/2018 – RBA’S LOWE: NO STRONG CASE FOR NEAR-TERM POLICY ADJUSTMENT; 23/03/2018 – Lowe’s Declares Dividend of 41c; 06/03/2018 – LOWE: LOWER CURRENCY WOULD HELP INFLATION, UNEMPLOYMENT; 23/05/2018 – LOWE’S REAFFIRMS FY 2019 GUIDANCE; 23/05/2018 – Correction to Ackman Lowe’s Story; 26/03/2018 – Lowe’s CEO Robert Niblock To Retire Once Successor Found — MarketWatch; 22/05/2018 – Lowe’s Poaches Former Home Depot Executive to Take on Rival; 08/05/2018 – ENERCARE ANNOUNCES THE APPOINTMENT OF GEOFF LOWE AS CHIEF FINANCIAL OFFICER; 08/05/2018 – Enercare: Lowe to Become Chief Fincl Officer Effective June 4

Among 37 analysts covering Lowe’s Companies Inc. (NYSE:LOW), 24 have Buy rating, 0 Sell and 13 Hold. Therefore 65% are positive. Lowe’s Companies Inc. had 103 analyst reports since August 19, 2015 according to SRatingsIntel. The firm has “Buy” rating by Loop Capital Markets given on Wednesday, May 23. The rating was maintained by RBC Capital Markets on Friday, February 2 with “Buy”. The stock of Lowe's Companies, Inc. (NYSE:LOW) earned “Overweight” rating by Morgan Stanley on Thursday, August 24. The firm earned “Buy” rating on Monday, September 25 by RBC Capital Markets. Stifel Nicolaus maintained Lowe's Companies, Inc. (NYSE:LOW) rating on Friday, December 22. Stifel Nicolaus has “Buy” rating and $103.0 target. SunTrust maintained Lowe's Companies, Inc. (NYSE:LOW) rating on Thursday, March 1. SunTrust has “Hold” rating and $90.0 target. The stock of Lowe's Companies, Inc. (NYSE:LOW) earned “Market Perform” rating by Telsey Advisory Group on Thursday, December 8. The stock has “Hold” rating by Jefferies on Thursday, September 28. The stock of Lowe's Companies, Inc. (NYSE:LOW) has “Buy” rating given on Wednesday, April 6 by Goldman Sachs. The rating was upgraded by Atlantic Securities to “Overweight” on Tuesday, November 24.

Investors sentiment decreased to 0.81 in Q1 2018. Its down 0.20, from 1.01 in 2017Q4. It fall, as 72 investors sold LOW shares while 482 reduced holdings. 116 funds opened positions while 331 raised stakes. 587.47 million shares or 0.28% more from 585.84 million shares in 2017Q4 were reported. Lionstone Capital Mngmt Limited Company owns 161,700 shares. Creative Planning holds 0.06% of its portfolio in Lowe's Companies, Inc. (NYSE:LOW) for 175,299 shares. Piedmont Invest Advisors accumulated 125,072 shares. Aimz Invest Advisors Ltd Liability Com reported 15,898 shares. First Personal Fincl Services reported 8,789 shares or 0.17% of all its holdings. Greenwood Gearhart owns 53,863 shares. M&R Cap Mgmt Incorporated invested 2.05% of its portfolio in Lowe's Companies, Inc. (NYSE:LOW). Everence Capital Management accumulated 21,157 shares. Fjarde Ap holds 239,760 shares or 0.32% of its portfolio. Reilly Financial Advsrs Ltd Company has invested 0.01% of its portfolio in Lowe's Companies, Inc. (NYSE:LOW). Bahl Gaynor Inc has invested 0.07% in Lowe's Companies, Inc. (NYSE:LOW). Mrj Cap Inc invested 2.92% of its portfolio in Lowe's Companies, Inc. (NYSE:LOW). Tourbillon Capital LP holds 503,000 shares or 1.75% of its portfolio. Buckingham Management Incorporated has invested 0.92% in Lowe's Companies, Inc. (NYSE:LOW). Franklin Res has 1.12 million shares for 0.05% of their portfolio.

Beese Fulmer Investment Management Inc, which manages about $406.28 million and $456.51 million US Long portfolio, upped its stake in Vanguard Short (VCSH) by 4,914 shares to 108,103 shares, valued at $8.48 million in 2018Q1, according to the filing. It also increased its holding in Conocophillips Com (NYSE:COP) by 7,844 shares in the quarter, for a total of 75,996 shares, and has risen its stake in Emerson Elec Co Com (NYSE:EMR).

Since June 8, 2018, it had 0 insider buys, and 1 sale for $1.23 million activity.

Analysts await Lowe's Companies, Inc. (NYSE:LOW) to report earnings on August, 22 before the open. They expect $2.02 EPS, up 28.66% or $0.45 from last year’s $1.57 per share. LOW’s profit will be $1.65B for 12.17 P/E if the $2.02 EPS becomes a reality. After $1.19 actual EPS reported by Lowe's Companies, Inc. for the previous quarter, Wall Street now forecasts 69.75% EPS growth.

More news for Lowe's Companies, Inc. (NYSE:LOW) were recently published by: Fool.com, which released: “First Order of Business for Lowe’s New CEO: Clean House” on July 21, 2018. Bizjournals.com‘s article titled: “New Lowe’s CEO helps stuff disaster-relief buckets at Mooresville headquarters” and published on August 01, 2018 is yet another important article.

Sachem Head Capital Management Lp, which manages about $1.04 billion and $3.00B US Long portfolio, decreased its stake in Shire Plc (NASDAQ:SHPG) by 11,969 shares to 1.23 million shares, valued at $183.02M in 2018Q1, according to the filing.

More news for Lowe's Companies, Inc. (NYSE:LOW) were recently published by: Fool.com, which released: “First Order of Business for Lowe’s New CEO: Clean House” on July 21, 2018. Bizjournals.com‘s article titled: “New Lowe’s CEO helps stuff disaster-relief buckets at Mooresville headquarters” and published on August 01, 2018 is yet another important article.

Investors sentiment decreased to 0.81 in 2018 Q1. Its down 0.20, from 1.01 in 2017Q4. It dropped, as 72 investors sold LOW shares while 482 reduced holdings. 116 funds opened positions while 331 raised stakes. 587.47 million shares or 0.28% more from 585.84 million shares in 2017Q4 were reported. Cornerstone Inc has 0.14% invested in Lowe's Companies, Inc. (NYSE:LOW). 4.39M were reported by Savings Bank Of Montreal Can. North Star Asset Mgmt owns 116,497 shares or 0.92% of their US portfolio. Novare Mgmt Lc invested in 0.4% or 25,774 shares. 456 were accumulated by Mcf Advsrs Limited Liability Company. Martingale Asset Mngmt Limited Partnership holds 69,359 shares or 0.08% of its portfolio. The California-based Clarivest Asset Mgmt Ltd Liability Corporation has invested 0% in Lowe's Companies, Inc. (NYSE:LOW). Point72 Asset Lp has 1.26 million shares. Newfocus Grp Incorporated Ltd Limited Liability Company holds 65,354 shares. Golub Group Incorporated Limited Liability Company reported 2,500 shares stake. Field And Main Bank has 0.01% invested in Lowe's Companies, Inc. (NYSE:LOW) for 175 shares. Tokio Marine Asset Limited owns 43,931 shares. C M Bidwell Limited invested in 35 shares or 0% of the stock. California-based Primecap Mgmt Company Ca has invested 0% in Lowe's Companies, Inc. (NYSE:LOW). Auxier Asset Mgmt holds 0.64% of its portfolio in Lowe's Companies, Inc. (NYSE:LOW) for 36,420 shares.

Since June 8, 2018, it had 0 insider purchases, and 1 sale for $1.23 million activity.

Among 37 analysts covering Lowe’s Companies Inc. (NYSE:LOW), 24 have Buy rating, 0 Sell and 13 Hold. Therefore 65% are positive. Lowe’s Companies Inc. had 103 analyst reports since August 19, 2015 according to SRatingsIntel. The company was maintained on Wednesday, August 23 by Oppenheimer. The stock has “Buy” rating by RBC Capital Markets on Friday, February 2. On Thursday, November 19 the stock rating was maintained by Argus Research with “Buy”. Deutsche Bank maintained the shares of LOW in report on Thursday, March 1 with “Buy” rating. Wedbush downgraded Lowe's Companies, Inc. (NYSE:LOW) rating on Wednesday, October 26. Wedbush has “Neutral” rating and $73 target. The rating was maintained by Credit Suisse with “Buy” on Monday, March 5. On Tuesday, November 24 the stock rating was upgraded by Atlantic Securities to “Overweight”. The rating was maintained by Deutsche Bank with “Buy” on Thursday, August 24. UBS maintained Lowe's Companies, Inc. (NYSE:LOW) on Friday, January 26 with “Buy” rating. The stock has “Hold” rating by Zacks on Thursday, August 20.

Lowe's Companies, Inc. (NYSE:LOW) Institutional Positions Chart

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