Aull & Monroe Investment Management Corp Maintains Position in Lowe’s Companies, Inc. (LOW)

Aull & Monroe Investment Management Corp held its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,892 shares of the home improvement retailer’s stock at the end of the 2nd quarter. Aull & Monroe Investment Management Corp’s holdings in Lowe’s Companies were worth $767,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Lowe’s Companies by 4.3% during the first quarter. Vanguard Group Inc. now owns 63,871,103 shares of the home improvement retailer’s stock valued at $5,250,843,000 after buying an additional 2,650,045 shares during the last quarter. Blue Edge Capital LLC purchased a new position in shares of Lowe’s Companies during the first quarter valued at approximately $727,000. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Lowe’s Companies by 11.8% during the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 105,471 shares of the home improvement retailer’s stock valued at $8,177,000 after buying an additional 11,119 shares during the last quarter. Summit Global Investments purchased a new position in shares of Lowe’s Companies during the second quarter valued at approximately $1,421,000. Finally, Ffcm LLC boosted its position in shares of Lowe’s Companies by 6.4% during the second quarter. Ffcm LLC now owns 30,895 shares of the home improvement retailer’s stock valued at $2,395,000 after buying an additional 1,853 shares during the last quarter. 74.38% of the stock is owned by hedge funds and other institutional investors.

Shares of Lowe’s Companies, Inc. (NYSE:LOW) opened at $79.23 on Wednesday. Lowe’s Companies, Inc. has a 52 week low of $65.12 and a 52 week high of $86.25. The company has a quick ratio of 0.19, a current ratio of 1.03 and a debt-to-equity ratio of 2.85. The firm has a market capitalization of $64,892.61, a PE ratio of 17.86, a PEG ratio of 1.26 and a beta of 1.13.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.05). Lowe’s Companies had a net margin of 4.51% and a return on equity of 62.02%. The company had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.58 billion. During the same period last year, the firm posted $1.37 EPS. The company’s revenue was up 6.8% on a year-over-year basis. analysts expect that Lowe’s Companies, Inc. will post 4.5 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Stockholders of record on Wednesday, January 24th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend is Tuesday, January 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 46.20%.

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In other news, SVP Matthew V. Hollifield sold 7,853 shares of the business’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $78.30, for a total value of $614,889.90. Following the completion of the sale, the senior vice president now owns 30,750 shares of the company’s stock, valued at approximately $2,407,725. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Paul D. Ramsay sold 2,098 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $78.02, for a total value of $163,685.96. Following the transaction, the insider now directly owns 8,400 shares of the company’s stock, valued at approximately $655,368. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.

Several research analysts recently issued reports on LOW shares. Gordon Haskett started coverage on Lowe’s Companies in a research report on Tuesday, October 3rd. They set an “accumulate” rating and a $88.00 target price on the stock. BMO Capital Markets reiterated a “buy” rating and set a $89.00 price target on shares of Lowe’s Companies in a report on Thursday, July 20th. Oppenheimer Holdings, Inc. set a $100.00 price target on Lowe’s Companies and gave the stock a “buy” rating in a report on Wednesday, August 23rd. Stifel Nicolaus reiterated a “buy” rating and set a $87.00 price target on shares of Lowe’s Companies in a report on Friday, July 21st. Finally, BTIG Research reiterated a “buy” rating and set a $95.00 price target on shares of Lowe’s Companies in a report on Friday, August 18th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have given a buy rating to the company’s stock. Lowe’s Companies has an average rating of “Hold” and a consensus target price of $85.62.

About Lowe’s Companies

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

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