Lowe’s Companies, Inc. (NYSE:LOW) Shares Bought by Watch Point Trust Co

Watch Point Trust Co raised its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 14.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,669 shares of the home improvement retailer’s stock after purchasing an additional 3,200 shares during the period. Watch Point Trust Co’s holdings in Lowe’s Companies were worth $2,590,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Flagship Harbor Advisors LLC grew its stake in Lowe’s Companies by 4.8% during the 1st quarter. Flagship Harbor Advisors LLC now owns 2,015 shares of the home improvement retailer’s stock worth $220,000 after buying an additional 93 shares during the last quarter. Bailard Inc. grew its stake in Lowe’s Companies by 3.6% during the 1st quarter. Bailard Inc. now owns 2,764 shares of the home improvement retailer’s stock worth $303,000 after buying an additional 95 shares during the last quarter. Naples Global Advisors LLC grew its stake in Lowe’s Companies by 3.4% during the 1st quarter. Naples Global Advisors LLC now owns 3,054 shares of the home improvement retailer’s stock worth $334,000 after buying an additional 99 shares during the last quarter. Lcnb Corp grew its stake in Lowe’s Companies by 0.9% during the 2nd quarter. Lcnb Corp now owns 10,534 shares of the home improvement retailer’s stock worth $1,063,000 after buying an additional 99 shares during the last quarter. Finally, Vision Capital Management Inc. grew its stake in Lowe’s Companies by 1.1% during the 1st quarter. Vision Capital Management Inc. now owns 9,314 shares of the home improvement retailer’s stock worth $1,020,000 after buying an additional 100 shares during the last quarter. 76.36% of the stock is currently owned by institutional investors.

In related news, EVP Donald Frieson bought 2,030 shares of Lowe’s Companies stock in a transaction dated Wednesday, June 19th. The stock was acquired at an average cost of $98.69 per share, with a total value of $200,340.70. Following the completion of the acquisition, the executive vice president now directly owns 10,980 shares in the company, valued at approximately $1,083,616.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Marvin R. Ellison bought 10,000 shares of Lowe’s Companies stock in a transaction dated Friday, May 24th. The shares were bought at an average cost of $95.05 per share, with a total value of $950,500.00. Following the completion of the acquisition, the insider now owns 80,090 shares of the company’s stock, valued at $7,612,554.50. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 12,280 shares of company stock valued at $1,174,566. Insiders own 0.07% of the company’s stock.

A number of research analysts recently commented on the company. Telsey Advisory Group restated an “outperform” rating and set a $116.00 price objective (down from $126.00) on shares of Lowe’s Companies in a research note on Thursday, May 23rd. Barclays upped their price objective on Lowe’s Companies from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Monday, June 24th. Wedbush lowered their price objective on Lowe’s Companies from $110.00 to $105.00 and set a “neutral” rating for the company in a research note on Thursday, May 23rd. UBS Group lowered their price objective on Lowe’s Companies from $125.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, May 23rd. Finally, SunTrust Banks restated a “buy” rating and set a $120.00 price objective on shares of Lowe’s Companies in a research note on Friday, May 24th. Ten analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $112.88.

Shares of NYSE:LOW traded down $1.03 on Thursday, hitting $92.56. The company’s stock had a trading volume of 152,772 shares, compared to its average volume of 4,542,688. Lowe’s Companies, Inc. has a 12 month low of $84.75 and a 12 month high of $118.23. The firm has a market capitalization of $73.34 billion, a P/E ratio of 18.01, a price-to-earnings-growth ratio of 1.25 and a beta of 1.36. The company’s 50-day moving average price is $102.10. The company has a quick ratio of 0.24, a current ratio of 1.09 and a debt-to-equity ratio of 6.37.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, May 22nd. The home improvement retailer reported $1.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.33 by ($0.11). The firm had revenue of $17.74 billion during the quarter, compared to analyst estimates of $17.65 billion. Lowe’s Companies had a net margin of 3.31% and a return on equity of 91.85%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.19 EPS. On average, equities research analysts expect that Lowe’s Companies, Inc. will post 5.59 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Wednesday, July 24th were issued a $0.55 dividend. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Tuesday, July 23rd. This represents a $2.20 annualized dividend and a dividend yield of 2.38%. Lowe’s Companies’s dividend payout ratio is 42.80%.

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. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.

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

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