FARMERS & MERCHANTS TRUST Co OF LONG BEACH Has $2.49 Million Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 7.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 12,273 shares of the home improvement retailer’s stock after acquiring an additional 834 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Lowe’s Companies were worth $2,490,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of LOW. Camden National Bank lifted its position in Lowe’s Companies by 17.1% during the fourth quarter. Camden National Bank now owns 2,291 shares of the home improvement retailer’s stock worth $368,000 after acquiring an additional 335 shares during the last quarter. Ironwood Wealth Management LLC. lifted its position in Lowe’s Companies by 20.7% during the first quarter. Ironwood Wealth Management LLC. now owns 8,126 shares of the home improvement retailer’s stock worth $1,545,000 after acquiring an additional 1,395 shares during the last quarter. Verition Fund Management LLC acquired a new stake in Lowe’s Companies during the first quarter worth approximately $202,000. Gladstone Institutional Advisory LLC lifted its position in Lowe’s Companies by 14.1% during the first quarter. Gladstone Institutional Advisory LLC now owns 3,774 shares of the home improvement retailer’s stock worth $718,000 after acquiring an additional 467 shares during the last quarter. Finally, Childress Capital Advisors LLC lifted its position in Lowe’s Companies by 70.8% during the first quarter. Childress Capital Advisors LLC now owns 1,293 shares of the home improvement retailer’s stock worth $245,000 after acquiring an additional 536 shares during the last quarter. Institutional investors and hedge funds own 74.07% of the company’s stock.

Several equities research analysts have issued reports on LOW shares. Robert W. Baird raised their price objective on shares of Lowe’s Companies from $235.00 to $285.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 17th. Telsey Advisory Group raised their price objective on shares of Lowe’s Companies from $250.00 to $275.00 and gave the stock an “outperform” rating in a research report on Thursday, November 18th. Barclays raised their target price on shares of Lowe’s Companies from $215.00 to $280.00 and gave the stock an “overweight” rating in a report on Thursday, November 18th. Morgan Stanley raised their target price on shares of Lowe’s Companies from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Tuesday, November 9th. Finally, Wedbush raised their target price on shares of Lowe’s Companies from $210.00 to $260.00 and gave the stock a “neutral” rating in a report on Thursday, November 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat.com, Lowe’s Companies currently has an average rating of “Buy” and a consensus target price of $247.00.

NYSE:LOW traded up $0.72 during mid-day trading on Thursday, reaching $252.63. The stock had a trading volume of 1,952,637 shares, compared to its average volume of 3,732,437. The stock has a 50-day simple moving average of $223.69 and a two-hundred day simple moving average of $205.52. The stock has a market capitalization of $174.93 billion, a PE ratio of 21.95, a P/E/G ratio of 1.44 and a beta of 1.32. The company has a debt-to-equity ratio of 49.23, a current ratio of 1.19 and a quick ratio of 0.39. Lowe’s Companies, Inc. has a 12 month low of $149.31 and a 12 month high of $256.39.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, November 17th. The home improvement retailer reported $2.73 earnings per share for the quarter, topping analysts’ consensus estimates of $2.35 by $0.38. The firm had revenue of $22.92 billion for the quarter, compared to analysts’ expectations of $22.06 billion. Lowe’s Companies had a net margin of 8.63% and a return on equity of 25,100.30%. The company’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.98 earnings per share. Equities analysts expect that Lowe’s Companies, Inc. will post 11.85 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 2nd. Shareholders of record on Wednesday, January 19th will be paid a dividend of $0.80 per share. The ex-dividend date is Tuesday, January 18th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.27%. Lowe’s Companies’s payout ratio is presently 27.80%.

Lowe’s Companies Company Profile

Lowe’s Cos., Inc engages in the retail sale of home improvement products. The firm offers products for maintenance, repair, remodelling, home decorating and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows and doors.

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

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