Rr Partners LP Lowered Lincoln Natl Ind (LNC) Holding By $37.12 Million; Corning (GLW)’s Sentiment Is 0.84

March 16, 2018 - By Nellie Frank

Corning Incorporated manufactures and sells specialty glasses, ceramics, and related materials in North America, the Asia Pacific, Europe, and internationally. The company has market cap of $25.30 billion. The firm operates through five divisions: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, and Life Sciences. It currently has negative earnings. The Display Technologies segment makes glass substrates for liquid crystal displays used in LCD televisions, notebook computers, and flat panel desktop monitors.

Rr Partners Lp decreased Lincoln Natl Corp Ind (LNC) stake by 18.72% reported in 2017Q3 SEC filing. Rr Partners Lp sold 508,470 shares as Lincoln Natl Corp Ind (LNC)’s stock declined 8.83%. The Rr Partners Lp holds 2.21M shares with $162.23 million value, down from 2.72M last quarter. Lincoln Natl Corp Ind now has $16.67B valuation. The stock decreased 0.17% or $0.13 during the last trading session, reaching $76.36. About 1.35 million shares traded. Lincoln National Corporation (NYSE:LNC) has risen 47.27% since March 16, 2017 and is uptrending. It has outperformed by 30.57% the S&P500.

Investors sentiment increased to 0.96 in Q3 2017. Its up 0.12, from 0.84 in 2017Q2. It is positive, as 31 investors sold LNC shares while 232 reduced holdings. 53 funds opened positions while 169 raised stakes. 171.85 million shares or 0.51% less from 172.72 million shares in 2017Q2 were reported. Argent Trust Communication has invested 0.3% in Lincoln National Corporation (NYSE:LNC). Greenleaf Tru holds 313 shares or 0% of its portfolio. Delta Asset Mngmt Limited Liability Corp Tn reported 136 shares. Stewart & Patten Lc owns 4,650 shares for 0.06% of their portfolio. Nomura Inc invested in 0% or 11,271 shares. Exxonmobil Mngmt Tx holds 0.08% or 40,454 shares. Private Ocean Limited Liability Com accumulated 1,930 shares. Psagot Investment House Limited has invested 0% in Lincoln National Corporation (NYSE:LNC). Caxton Associates Limited Partnership holds 6,100 shares. Balyasny Asset Management Ltd owns 43,659 shares for 0.01% of their portfolio. Birmingham Capital Management Com Al accumulated 31,600 shares. 7,150 were accumulated by Marble Harbor Investment Counsel Limited Liability Corporation. First Trust Advsr Lp accumulated 320,054 shares. Ontario Teachers Pension Plan Board holds 306,342 shares or 0.3% of its portfolio. Strategic Global Ltd Liability Com has invested 0.15% of its portfolio in Lincoln National Corporation (NYSE:LNC).

Since February 2, 2018, it had 0 insider buys, and 7 selling transactions for $14.98 million activity. $620,568 worth of Lincoln National Corporation (NYSE:LNC) was sold by Cooper Ellen on Friday, February 2. Shares for $8.67M were sold by GLASS DENNIS R. $2.67 million worth of Lincoln National Corporation (NYSE:LNC) shares were sold by Freitag Randal J. Buckingham Lisa sold $799,671 worth of Lincoln National Corporation (NYSE:LNC) on Friday, February 2. 1,875 shares were sold by Solon Kenneth S., worth $147,244.

Among 16 analysts covering Lincoln National (NYSE:LNC), 8 have Buy rating, 1 Sell and 7 Hold. Therefore 50% are positive. Lincoln National had 52 analyst reports since August 4, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Tuesday, August 15 by Keefe Bruyette & Woods. The firm has “Neutral” rating by Macquarie Research given on Thursday, April 14. RBC Capital Markets maintained Lincoln National Corporation (NYSE:LNC) rating on Thursday, February 1. RBC Capital Markets has “Buy” rating and $94.0 target. Morgan Stanley downgraded Lincoln National Corporation (NYSE:LNC) on Wednesday, December 14 to “Equal-Weight” rating. The firm has “Hold” rating given on Friday, May 5 by Wells Fargo. Citigroup maintained it with “Neutral” rating and $46 target in Wednesday, April 6 report. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Friday, September 22 report. The stock has “Equal-Weight” rating by Morgan Stanley on Monday, November 13. The stock has “Outperform” rating by FBR Capital on Tuesday, October 18. The stock of Lincoln National Corporation (NYSE:LNC) has “Hold” rating given on Wednesday, August 2 by Wells Fargo.

Analysts await Lincoln National Corporation (NYSE:LNC) to report earnings on May, 2. They expect $2.01 earnings per share, up 4.69% or $0.09 from last year’s $1.92 per share. LNC’s profit will be $438.69M for 9.50 P/E if the $2.01 EPS becomes a reality. After $1.98 actual earnings per share reported by Lincoln National Corporation for the previous quarter, Wall Street now forecasts 1.52% EPS growth.

Ratings analysis reveals 40% of Corning’s analysts are positive. Out of 5 Wall Street analysts rating Corning, 2 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $26.0 while the high is $28.0. The stock’s average target of $27 is -8.47% below today’s ($29.5) share price. GLW was included in 5 notes of analysts from October 26, 2016. The company was downgraded on Wednesday, February 1 by Bernstein. Bank of America upgraded the stock to “Neutral” rating in Tuesday, January 24 report. The firm has “Buy” rating given on Wednesday, October 26 by Deutsche Bank. On Wednesday, January 4 the stock rating was initiated by Guggenheim with “Buy”. The stock of Corning Incorporated (NYSE:GLW) earned “Market Perform” rating by Wells Fargo on Wednesday, December 21.

Towerview Llc holds 10.25% of its portfolio in Corning Incorporated for 660,000 shares. Quaker Capital Investments Llc owns 811,700 shares or 7.79% of their US portfolio. Moreover, Minneapolis Portfolio Management Group Llc has 7.36% invested in the company for 1.68 million shares. The New York-based Oppenheimer & Close Llc has invested 6.83% in the stock. F&V Capital Management Llc, a New York-based fund reported 299,855 shares.

The stock decreased 0.10% or $0.03 during the last trading session, reaching $29.5. About 9.26 million shares traded or 35.22% up from the average. Corning Incorporated (GLW) has risen 53.38% since March 16, 2017 and is uptrending. It has outperformed by 36.68% the S&P500.

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