Morningstar Investment Services LLC Acquires 75,582 Shares of Lowe's Companies, Inc. (LOW)

Morningstar Investment Services LLC increased its position in shares of Lowe's Companies, Inc. (NYSE:LOW) by 10.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 792,136 shares of the home improvement retailer’s stock after purchasing an additional 75,582 shares during the period. Lowe's Companies makes up approximately 1.4% of Morningstar Investment Services LLC’s portfolio, making the stock its 19th largest position. Morningstar Investment Services LLC owned about 0.09% of Lowe's Companies worth $63,323,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Harbour Capital Advisors LLC acquired a new stake in Lowe's Companies during the first quarter worth approximately $103,000. Atlantic Trust LLC acquired a new stake in Lowe's Companies during the second quarter worth approximately $105,000. State of Alaska Department of Revenue boosted its position in Lowe's Companies by 8.3% during the second quarter. State of Alaska Department of Revenue now owns 1,440 shares of the home improvement retailer’s stock worth $111,000 after acquiring an additional 110 shares during the last quarter. Motco boosted its position in Lowe's Companies by 33.4% during the second quarter. Motco now owns 1,725 shares of the home improvement retailer’s stock worth $134,000 after acquiring an additional 432 shares during the last quarter. Finally, Horan Capital Advisors LLC. acquired a new stake in Lowe's Companies during the third quarter worth approximately $134,000. 73.12% of the stock is owned by institutional investors.

In related news, insider Nelson B. Peace sold 3,352 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $80.20, for a total transaction of $268,830.40. Following the transaction, the insider now directly owns 4,650 shares of the company’s stock, valued at $372,930. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.11% of the stock is owned by insiders.

A number of equities analysts have weighed in on the stock. Zelman & Associates downgraded shares of Lowe's Companies from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Barclays raised shares of Lowe's Companies from an “equal weight” rating to an “overweight” rating in a research note on Friday, January 5th. Robert W. Baird reaffirmed a “buy” rating and set a $110.00 price target on shares of Lowe's Companies in a research note on Wednesday, January 3rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $103.00 price target on shares of Lowe's Companies in a research note on Friday, December 22nd. Finally, Guggenheim began coverage on shares of Lowe's Companies in a research note on Tuesday, December 12th. They set a “buy” rating and a $95.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eighteen have issued a buy rating to the company. Lowe's Companies has a consensus rating of “Hold” and an average target price of $88.62.

Lowe's Companies, Inc. (NYSE LOW) opened at $100.86 on Friday. Lowe's Companies, Inc. has a one year low of $70.76 and a one year high of $102.28. The stock has a market cap of $83,690.00, a PE ratio of 24.25, a price-to-earnings-growth ratio of 1.44 and a beta of 1.14. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.12 and a current ratio of 1.02.

Lowe's Companies (NYSE:LOW) last released its earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $16.77 billion for the quarter, compared to the consensus estimate of $16.59 billion. During the same period in the previous year, the firm earned $0.88 EPS. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. equities research analysts predict that Lowe's Companies, Inc. will post 4.51 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Stockholders of record on Wednesday, January 24th will be issued a dividend of $0.41 per share. The ex-dividend date is Tuesday, January 23rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.63%. Lowe's Companies’s dividend payout ratio is currently 39.42%.

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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.

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

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