Stonebridge Capital Advisors LLC trimmed its holdings in Lowe's Companies, Inc. (NYSE:LOW) by 20.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,785 shares of the home improvement retailer’s stock after selling 999 shares during the period. Stonebridge Capital Advisors LLC’s holdings in Lowe's Companies were worth $303,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in LOW. Vanguard Group Inc. lifted its position 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 buying an additional 897,911 shares in the last quarter. FMR LLC lifted its position 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 buying an additional 3,732,153 shares in the last quarter. Ameriprise Financial Inc. lifted its position 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 buying an additional 64,780 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Lowe's Companies by 2.8% in the third 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 buying an additional 229,746 shares in the last quarter. Finally, Glenview Capital Management LLC lifted its position in shares of Lowe's Companies by 21.4% in the second quarter. Glenview Capital Management LLC now owns 6,621,609 shares of the home improvement retailer’s stock worth $513,373,000 after buying an additional 1,168,950 shares in the last quarter. Institutional investors and hedge funds own 72.54% of the company’s stock.
Lowe's Companies, Inc. (LOW) traded down $3.92 on Monday, hitting $97.58. The stock had a trading volume of 8,340,000 shares, compared to its average volume of 5,600,000. The company has a market capitalization of $80,970.00, a PE ratio of 23.46, a price-to-earnings-growth ratio of 1.10 and a beta of 1.19. Lowe's Companies, Inc. has a 1 year low of $70.76 and a 1 year high of $108.98. 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 announced its quarterly earnings data on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share (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 company had revenue of $16.77 billion for the quarter, compared to analysts’ expectations of $16.59 billion. During the same quarter in the prior year, the firm earned $0.88 earnings per share. Lowe's Companies’s revenue was up 6.6% compared to the same quarter last year. sell-side analysts expect that Lowe's Companies, Inc. will post 4.52 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 7th. Investors 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 1.68%. Lowe's Companies’s dividend payout ratio (DPR) is currently 39.42%.
Lowe's Companies announced that its board has authorized a share repurchase program on Friday, January 26th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the home improvement retailer to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
A number of equities research analysts recently commented on the company. Jefferies Group upgraded Lowe's Companies from a “hold” rating to a “buy” rating and boosted their target price for the stock from $81.00 to $129.00 in a research report on Monday. Zacks Investment Research upgraded Lowe's Companies from a “hold” rating to a “buy” rating and set a $116.00 target price on the stock in a research report on Friday. Telsey Advisory Group upgraded Lowe's Companies from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $83.00 to $124.00 in a research report on Thursday, January 25th. Stifel Nicolaus reiterated a “buy” rating and issued a $124.00 target price (up from $103.00) on shares of Lowe's Companies in a research report on Wednesday, January 24th. Finally, Morgan Stanley set a $115.00 target price on Lowe's Companies and gave the stock a “buy” rating in a research report on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-three have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $96.35.
In other Lowe's Companies news, insider Nelson B. Peace sold 3,352 shares of the company’s stock in a transaction on 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 $372,930. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.11% of the stock is owned by corporate insiders.
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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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