Stonebridge Capital Advisors LLC cut its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW) by 20.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,785 shares of the home improvement retailer’s stock after selling 999 shares during the quarter. Stonebridge Capital Advisors LLC’s holdings in Lowe's Companies were worth $303,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Lowe's Companies by 1.4% in the 2nd 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. FMR LLC increased its holdings in Lowe's Companies by 62.6% in the 2nd 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 holdings in Lowe's Companies by 0.7% in the 2nd 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. Bank of New York Mellon Corp increased its holdings in Lowe's Companies by 2.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 8,332,702 shares of the home improvement retailer’s stock worth $666,117,000 after acquiring an additional 229,746 shares during the last quarter. Finally, Glenview Capital Management LLC increased its holdings in Lowe's Companies by 21.4% in the 2nd quarter. Glenview Capital Management LLC now owns 6,621,609 shares of the home improvement retailer’s stock worth $513,373,000 after acquiring an additional 1,168,950 shares during the last quarter. 73.12% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently weighed in on LOW. Zelman & Associates lowered Lowe's Companies from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Barclays raised Lowe's Companies from an “equal weight” rating to an “overweight” rating in a report on Friday, January 5th. Robert W. Baird reissued a “buy” rating and issued a $110.00 price objective on shares of Lowe's Companies in a report on Wednesday, January 3rd. Stifel Nicolaus reissued a “buy” rating and issued a $103.00 price objective on shares of Lowe's Companies in a report on Friday, December 22nd. Finally, Guggenheim began coverage on Lowe's Companies in a report on Tuesday, December 12th. They issued a “buy” rating and a $95.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eighteen have given a buy rating to the company’s stock. Lowe's Companies has an average 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 12 month low of $70.76 and a 12 month high of $102.28. The company has a quick ratio of 0.12, a current ratio of 1.02 and a debt-to-equity ratio of 2.71. The company has a market capitalization of $83,689.70, a PE ratio of 22.36, a price-to-earnings-growth ratio of 1.52 and a beta of 1.14.
Lowe's Companies (NYSE:LOW) last issued its earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 EPS for the quarter, topping the consensus estimate of $1.02 by $0.03. Lowe's Companies had a return on equity of 66.27% and a net margin of 5.16%. The business had revenue of $16.77 billion during the quarter, compared to the consensus estimate of $16.59 billion. During the same quarter last year, the company earned $0.88 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year. equities analysts expect that Lowe's Companies, Inc. will post 4.51 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Tuesday, January 23rd. This represents a $1.64 annualized dividend and a yield of 1.63%. Lowe's Companies’s dividend payout ratio is currently 39.33%.
In other news, insider Nelson B. Peace sold 3,352 shares of Lowe's Companies stock in a transaction dated Monday, November 27th. The stock was 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 in the company, valued at approximately $372,930. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.11% of the company’s stock.
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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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