Lowe’s Companies, Inc. (LOW) is Fairfield Bush & CO.’s 5th Largest Position

Fairfield Bush & CO. reduced its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 5.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 123,790 shares of the home improvement retailer’s stock after selling 6,622 shares during the period. Lowe’s Companies makes up about 3.5% of Fairfield Bush & CO.’s holdings, making the stock its 5th largest holding. Fairfield Bush & CO.’s holdings in Lowe’s Companies were worth $11,831,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Bank of Nova Scotia boosted its stake in Lowe’s Companies by 9.8% during the second quarter. Bank of Nova Scotia now owns 182,260 shares of the home improvement retailer’s stock valued at $17,419,000 after buying an additional 16,325 shares during the period. Verition Fund Management LLC boosted its stake in Lowe’s Companies by 463.6% during the second quarter. Verition Fund Management LLC now owns 52,429 shares of the home improvement retailer’s stock valued at $5,011,000 after buying an additional 43,126 shares during the period. BTC Capital Management Inc. boosted its stake in Lowe’s Companies by 8.5% during the second quarter. BTC Capital Management Inc. now owns 44,138 shares of the home improvement retailer’s stock valued at $4,219,000 after buying an additional 3,470 shares during the period. Argent Trust Co boosted its stake in Lowe’s Companies by 71.6% during the second quarter. Argent Trust Co now owns 45,975 shares of the home improvement retailer’s stock valued at $4,394,000 after buying an additional 19,186 shares during the period. Finally, Qube Research & Technologies Ltd bought a new stake in Lowe’s Companies during the second quarter valued at $553,000. 74.13% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts recently issued reports on LOW shares. Wells Fargo & Co reissued a “buy” rating and set a $100.00 price objective on shares of Lowe’s Companies in a research note on Tuesday, May 22nd. Loop Capital raised Lowe’s Companies from a “hold” rating to a “buy” rating and set a $107.00 price objective for the company in a research note on Wednesday, May 23rd. Credit Suisse Group set a $111.00 price objective on Lowe’s Companies and gave the company a “buy” rating in a research note on Wednesday, May 23rd. Wedbush set a $92.00 price objective on Lowe’s Companies and gave the company a “hold” rating in a research note on Thursday, May 24th. Finally, Morgan Stanley set a $115.00 price objective on Lowe’s Companies and gave the company a “buy” rating in a research note on Thursday, May 24th. Ten analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $111.41.

Shares of LOW stock opened at $113.89 on Monday. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.06 and a quick ratio of 0.25. Lowe’s Companies, Inc. has a 12-month low of $75.36 and a 12-month high of $114.54. The stock has a market cap of $92.42 billion, a price-to-earnings ratio of 25.94, a PEG ratio of 1.53 and a beta of 1.40.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, August 22nd. The home improvement retailer reported $2.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.02 by $0.05. Lowe’s Companies had a return on equity of 71.96% and a net margin of 5.58%. The firm had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.79 billion. During the same quarter in the previous year, the company posted $1.57 earnings per share. The company’s revenue was up 7.1% compared to the same quarter last year. equities research analysts anticipate that Lowe’s Companies, Inc. will post 5.2 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 7th. Stockholders of record on Wednesday, October 24th will be issued a $0.48 dividend. The ex-dividend date is Tuesday, October 23rd. This represents a $1.92 annualized dividend and a dividend yield of 1.69%. Lowe’s Companies’s dividend payout ratio is currently 43.74%.

In related news, Director Lisa W. Wardell acquired 273 shares of the firm’s stock in a transaction dated Friday, August 24th. The shares were purchased at an average price of $107.72 per share, for a total transaction of $29,407.56. Following the completion of the acquisition, the director now owns 273 shares in the company, valued at $29,407.56. The purchase was disclosed in a filing with the SEC, which is available at this link. 0.30% of the stock is currently owned by insiders.

Lowe’s Companies Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal and outdoor living, lawn and garden, paint, millwork, flooring, and kitchens, as well as outdoor power equipment.

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

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