Achmea Investment Management B.V. boosted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 10.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 122,099 shares of the home improvement retailer’s stock after acquiring an additional 11,411 shares during the period. Achmea Investment Management B.V.’s holdings in Lowe’s Companies were worth $14,015,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC raised its holdings in shares of Lowe’s Companies by 5.3% during the second quarter. Fisher Asset Management LLC now owns 34,263 shares of the home improvement retailer’s stock worth $3,275,000 after acquiring an additional 1,733 shares in the last quarter. Xact Kapitalforvaltning AB raised its holdings in shares of Lowe’s Companies by 4.2% during the second quarter. Xact Kapitalforvaltning AB now owns 155,707 shares of the home improvement retailer’s stock worth $14,881,000 after acquiring an additional 6,284 shares in the last quarter. First Citizens Bank & Trust Co. purchased a new stake in shares of Lowe’s Companies during the second quarter worth $373,000. Bremer Trust National Association purchased a new stake in shares of Lowe’s Companies during the second quarter worth $228,000. Finally, First National Bank of Omaha raised its holdings in shares of Lowe’s Companies by 55.1% during the second quarter. First National Bank of Omaha now owns 7,450 shares of the home improvement retailer’s stock worth $712,000 after acquiring an additional 2,647 shares in the last quarter. Institutional investors own 74.59% of the company’s stock.
In related news, CFO Marshall A. Croom sold 15,735 shares of Lowe’s Companies stock in a transaction dated Tuesday, September 18th. The stock was sold at an average price of $114.61, for a total transaction of $1,803,388.35. Following the sale, the chief financial officer now directly owns 63,099 shares of the company’s stock, valued at $7,231,776.39. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Lisa W. Wardell bought 273 shares of the firm’s stock in a transaction that occurred on Friday, August 24th. The shares were purchased at an average cost of $107.72 per share, for a total transaction of $29,407.56. Following the completion of the transaction, the director now owns 273 shares of the company’s stock, valued at $29,407.56. The disclosure for this purchase can be found here. Company insiders own 0.30% of the company’s stock.
LOW has been the topic of several analyst reports. Jefferies Financial Group initiated coverage on shares of Lowe’s Companies in a research report on Tuesday, August 21st. They set a “buy” rating and a $118.00 target price on the stock. SunTrust Banks raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research report on Friday, September 28th. Morgan Stanley increased their target price on shares of Lowe’s Companies from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, October 11th. Robert W. Baird reissued an “outperform” rating and set a $130.00 target price (up from $120.00) on shares of Lowe’s Companies in a research report on Monday, September 17th. Finally, Wells Fargo & Co reissued a “buy” rating on shares of Lowe’s Companies in a research report on Thursday, September 13th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $112.41.
Shares of NYSE:LOW opened at $96.82 on Friday. The stock has a market capitalization of $81.31 billion, a PE ratio of 22.05, a price-to-earnings-growth ratio of 1.35 and a beta of 1.52. Lowe’s Companies, Inc. has a 52-week low of $77.14 and a 52-week high of $117.70. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.25 and a current ratio of 1.06.
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, beating the Thomson Reuters’ consensus estimate of $2.02 by $0.05. The company had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.79 billion. Lowe’s Companies had a return on equity of 71.96% and a net margin of 5.58%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the business posted $1.57 earnings per share. On average, sell-side analysts predict that Lowe’s Companies, Inc. will post 5.18 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 6th. Stockholders of record on Wednesday, January 23rd will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.98%. Lowe’s Companies’s dividend payout ratio is currently 43.74%.
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Lowe’s Companies Company 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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