Lowe’s Companies, Inc. (LOW) Holdings Cut by OLD National Bancorp IN

OLD National Bancorp IN reduced its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 9.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,079 shares of the home improvement retailer’s stock after selling 1,764 shares during the quarter. OLD National Bancorp IN’s holdings in Lowe’s Companies were worth $1,366,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in LOW. Vanguard Group Inc. increased its stake in shares of Lowe’s Companies by 1.4% in the second quarter. Vanguard Group Inc. now owns 64,769,014 shares of the home improvement retailer’s stock worth $5,021,542,000 after acquiring an additional 897,911 shares during the last quarter. BlackRock Inc. increased its stake in shares of Lowe’s Companies by 1,757.3% in the first quarter. BlackRock Inc. now owns 61,377,883 shares of the home improvement retailer’s stock worth $5,045,875,000 after acquiring an additional 58,073,138 shares during the last quarter. FMR LLC increased its stake in shares of Lowe’s Companies by 62.6% in the second quarter. FMR LLC now owns 9,694,439 shares of the home improvement retailer’s stock worth $751,610,000 after acquiring an additional 3,732,153 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Lowe’s Companies by 0.7% in the second quarter. Ameriprise Financial Inc. now owns 9,281,474 shares of the home improvement retailer’s stock worth $719,560,000 after acquiring an additional 64,780 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Lowe’s Companies by 8.2% in the first quarter. Geode Capital Management LLC now owns 8,848,938 shares of the home improvement retailer’s stock worth $726,481,000 after acquiring an additional 671,581 shares during the last quarter. 73.29% of the stock is currently owned by institutional investors.

Shares of Lowe’s Companies, Inc. (NYSE:LOW) opened at $85.60 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.12 and a debt-to-equity ratio of 2.71. Lowe’s Companies, Inc. has a fifty-two week low of $70.49 and a fifty-two week high of $88.55. The stock has a market cap of $71,027.54, a PE ratio of 18.98, a price-to-earnings-growth ratio of 1.37 and a beta of 1.15.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.03. Lowe’s Companies had a net margin of 5.16% and a return on equity of 66.27%. The company had revenue of $16.77 billion during the quarter, compared to analysts’ expectations of $16.59 billion. During the same period in the prior year, the company earned $0.88 earnings per share. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. equities research analysts predict that Lowe’s Companies, Inc. will post 4.51 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend is Tuesday, January 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is 39.33%.

In related news, insider Paul D. Ramsay sold 2,098 shares of the stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $78.02, for a total value of $163,685.96. Following the completion of the sale, the insider now owns 8,400 shares in the company, valued at $655,368. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Nelson B. Peace sold 3,352 shares of the stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $80.20, for a total transaction of $268,830.40. Following the completion of the sale, the insider now owns 4,650 shares of the company’s stock, valued at approximately $372,930. The disclosure for this sale can be found here. Insiders have sold 13,303 shares of company stock valued at $1,047,406 over the last 90 days. Corporate insiders own 0.11% of the company’s stock.

A number of equities analysts have recently weighed in on LOW shares. Gordon Haskett started coverage on shares of Lowe’s Companies in a research note on Tuesday, October 3rd. They issued an “accumulate” rating and a $88.00 price target on the stock. BTIG Research reissued a “buy” rating and set a $95.00 target price on shares of Lowe’s Companies in a research report on Friday, August 18th. Longbow Research reissued a “buy” rating and set a $95.00 target price on shares of Lowe’s Companies in a research report on Monday, August 14th. Oppenheimer set a $100.00 target price on shares of Lowe’s Companies and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. Finally, Deutsche Bank lowered their target price on shares of Lowe’s Companies from $92.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday, August 24th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and sixteen have given a buy rating to the company’s stock. Lowe’s Companies presently has a consensus rating of “Hold” and a consensus price target of $87.40.

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About Lowe’s Companies

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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