Coho Partners Ltd. Increases Stake in Lowe’s Companies, Inc. (LOW)

Coho Partners Ltd. lifted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 26.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,004,217 shares of the home improvement retailer’s stock after purchasing an additional 418,267 shares during the quarter. Lowe’s Companies comprises 3.9% of Coho Partners Ltd.’s portfolio, making the stock its 13th largest position. Coho Partners Ltd. owned approximately 0.24% of Lowe’s Companies worth $155,387,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Lowe’s Companies by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 63,871,103 shares of the home improvement retailer’s stock worth $5,250,843,000 after purchasing an additional 2,650,045 shares during the period. Sumitomo Mitsui Asset Management Company LTD increased its position in Lowe’s Companies by 11.8% in the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 105,471 shares of the home improvement retailer’s stock valued at $8,177,000 after acquiring an additional 11,119 shares during the period. Blue Edge Capital LLC acquired a new stake in Lowe’s Companies in the 1st quarter valued at approximately $727,000. Dimensional Fund Advisors LP increased its position in Lowe’s Companies by 2.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,425,597 shares of the home improvement retailer’s stock valued at $199,407,000 after acquiring an additional 60,109 shares during the period. Finally, KCG Holdings Inc. increased its position in Lowe’s Companies by 170.7% in the 1st quarter. KCG Holdings Inc. now owns 69,485 shares of the home improvement retailer’s stock valued at $5,712,000 after acquiring an additional 43,815 shares during the period. Institutional investors and hedge funds own 74.11% of the company’s stock.

Shares of Lowe’s Companies, Inc. (NYSE LOW) opened at 81.20 on Tuesday. Lowe’s Companies, Inc. has a one year low of $64.87 and a one year high of $86.25. The company’s 50 day moving average price is $78.58 and its 200 day moving average price is $79.37. The stock has a market capitalization of $67.62 billion, a price-to-earnings ratio of 23.06 and a beta of 1.07.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.62 by ($0.05). The company had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.58 billion. Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. Lowe’s Companies’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.37 earnings per share. On average, analysts expect that Lowe’s Companies, Inc. will post $4.50 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Investors of record on Wednesday, October 25th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Tuesday, October 24th. Lowe’s Companies’s payout ratio is presently 46.20%.

In other Lowe’s Companies news, insider Paul D. Ramsay sold 2,098 shares of the business’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $78.02, for a total transaction of $163,685.96. Following the sale, the insider now directly owns 8,400 shares of the company’s stock, valued at approximately $655,368. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Matthew V. Hollifield sold 7,853 shares of the business’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $78.30, for a total transaction of $614,889.90. Following the sale, the senior vice president now directly owns 30,750 shares in the company, valued at $2,407,725. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by corporate insiders.

LOW has been the topic of several analyst reports. BMO Capital Markets restated a “buy” rating and issued a $89.00 target price on shares of Lowe’s Companies in a research report on Thursday, July 20th. Zacks Investment Research upgraded Lowe’s Companies from a “sell” rating to a “hold” rating in a research report on Monday, September 11th. J P Morgan Chase & Co restated a “neutral” rating and issued a $83.00 target price (down from $89.00) on shares of Lowe’s Companies in a research report on Thursday, August 24th. Longbow Research restated a “buy” rating and issued a $95.00 target price on shares of Lowe’s Companies in a research report on Monday, August 14th. Finally, Morgan Stanley lowered their target price on Lowe’s Companies from $88.00 to $81.00 and set an “overweight” rating on the stock in a research report on Thursday, August 24th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $85.32.

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Lowe’s Companies Profile

Lowe’s Companies, Inc (Lowe’s) is a home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens.

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Institutional Ownership by Quarter for Lowe`s Companies (NYSE:LOW)

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