First Fiduciary Investment Counsel Inc. Acquires 1,065 Shares of Lowe’s Companies, Inc. (LOW)

First Fiduciary Investment Counsel Inc. grew its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 247,681 shares of the home improvement retailer’s stock after purchasing an additional 1,065 shares during the period. Lowe’s Companies comprises about 3.7% of First Fiduciary Investment Counsel Inc.’s portfolio, making the stock its 11th biggest position. First Fiduciary Investment Counsel Inc.’s holdings in Lowe’s Companies were worth $19,203,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake in 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 worth $5,250,843,000 after purchasing an additional 2,650,045 shares during the period. Sumitomo Mitsui Asset Management Company LTD increased its stake 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 worth $8,177,000 after buying an additional 11,119 shares during the period. Blue Edge Capital LLC purchased a new stake in shares of Lowe’s Companies during the first quarter worth approximately $727,000. Summit Global Investments purchased a new stake in shares of Lowe’s Companies during the second quarter worth approximately $1,421,000. Finally, Ffcm LLC increased its stake 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 worth $2,395,000 after buying an additional 1,853 shares during the period. Institutional investors own 74.00% of the company’s stock.

LOW has been the topic of a number of recent research reports. Royal Bank Of Canada restated a “buy” rating and set a $84.00 target price on shares of Lowe’s Companies in a research note on Tuesday, November 7th. Bank of America Corporation initiated coverage on shares of Lowe’s Companies in a research note on Tuesday, September 5th. They set a “buy” rating and a $95.00 target price on the stock. Zacks Investment Research lowered shares of Lowe’s Companies from a “hold” rating to a “sell” rating in a research note on Monday, August 28th. Oppenheimer Holdings, Inc. set a $100.00 target price on shares of Lowe’s Companies and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. Finally, Deutsche Bank AG restated a “buy” rating and set a $90.00 target price (up from $85.00) on shares of Lowe’s Companies in a research note on Friday, October 6th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $87.24.

In other news, SVP Matthew V. Hollifield sold 7,853 shares of the stock in a transaction that occurred on 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 directly owns 30,750 shares of the company’s stock, valued at $2,407,725. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul D. Ramsay sold 2,098 shares of the 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 completion of the sale, the insider now directly owns 8,400 shares of the company’s stock, valued at $655,368. The disclosure for this sale can be found here. Corporate insiders own 0.11% of the company’s stock.

Shares of Lowe’s Companies, Inc. (LOW) traded down $0.32 during trading on Monday, reaching $79.24. 2,842,000 shares of the company’s stock traded hands, compared to its average volume of 5,835,401. The stock has a market capitalization of $65,848.44, a price-to-earnings ratio of 17.57, a P/E/G ratio of 1.27 and a beta of 1.13. Lowe’s Companies, Inc. has a one year low of $69.92 and a one year high of $86.25. The company has a debt-to-equity ratio of 2.71, a current ratio of 1.02 and a quick ratio of 0.19.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.03. The company had revenue of $16.77 billion for the quarter, compared to analyst estimates of $16.59 billion. Lowe’s Companies had a net margin of 5.16% and a return on equity of 66.27%. The firm’s revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.88 earnings per share. sell-side analysts predict that Lowe’s Companies, Inc. will post 4.51 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Tuesday, January 23rd. This represents a $1.64 annualized dividend and a yield of 2.07%. Lowe’s Companies’s dividend payout ratio is currently 39.33%.

TRADEMARK VIOLATION WARNING: “First Fiduciary Investment Counsel Inc. Acquires 1,065 Shares of Lowe’s Companies, Inc. (LOW)” was originally posted by Transcript Daily and is owned by of Transcript Daily. If you are accessing this article on another publication, it was copied illegally and republished in violation of United States & international trademark & copyright laws. The legal version of this article can be read at https://transcriptdaily.com/2017/11/27/first-fiduciary-investment-counsel-inc-acquires-1065-shares-of-lowes-companies-inc-low.html.

Lowe’s Companies Company Profile

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.

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

Receive News & Ratings for Lowe's Companies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply