Strategic Wealth Partners Ltd. boosted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 4.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,912 shares of the home improvement retailer’s stock after acquiring an additional 666 shares during the quarter. Lowe’s Companies accounts for 0.9% of Strategic Wealth Partners Ltd.’s portfolio, making the stock its 26th largest position. Strategic Wealth Partners Ltd.’s holdings in Lowe’s Companies were worth $1,712,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of LOW. Capital International Investors bought a new position in Lowe’s Companies during the 3rd quarter valued at $746,818,000. Boston Partners boosted its stake in shares of Lowe’s Companies by 382.4% during the 2nd quarter. Boston Partners now owns 4,784,235 shares of the home improvement retailer’s stock worth $457,230,000 after acquiring an additional 3,792,479 shares in the last quarter. Winslow Capital Management LLC bought a new stake in shares of Lowe’s Companies during the 2nd quarter worth $303,908,000. Charles Schwab Investment Advisory Inc. bought a new stake in shares of Lowe’s Companies during the 2nd quarter worth $266,540,000. Finally, Artisan Partners Limited Partnership bought a new stake in shares of Lowe’s Companies during the 2nd quarter worth $206,665,000. Hedge funds and other institutional investors own 73.92% of the company’s stock.
In other Lowe’s Companies news, CFO Marshall A. Croom sold 15,735 shares of the firm’s 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 transaction, the chief financial officer now directly owns 63,099 shares in the company, valued at $7,231,776.39. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Brian C. Rogers bought 10,000 shares of the business’s stock in a transaction on Friday, November 23rd. The shares were bought at an average price of $88.02 per share, for a total transaction of $880,200.00. Following the completion of the acquisition, the director now owns 10,000 shares of the company’s stock, valued at $880,200. The disclosure for this purchase can be found here. 0.30% of the stock is owned by company insiders.
Shares of NYSE:LOW traded down $1.92 during midday trading on Thursday, hitting $88.41. 86,869 shares of the stock were exchanged, compared to its average volume of 5,570,619. The company has a current ratio of 1.00, a quick ratio of 0.18 and a debt-to-equity ratio of 2.68. Lowe’s Companies, Inc. has a 52-week low of $81.16 and a 52-week high of $117.70. The firm has a market cap of $73.01 billion, a price-to-earnings ratio of 20.22, a P/E/G ratio of 1.24 and a beta of 1.55.
Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Tuesday, November 20th. The home improvement retailer reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.06. Lowe’s Companies had a return on equity of 72.47% and a net margin of 5.19%. The business had revenue of $17.42 billion during the quarter, compared to analyst estimates of $17.36 billion. During the same period last year, the company earned $1.05 earnings per share. Lowe’s Companies’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, sell-side analysts forecast that Lowe’s Companies, Inc. will post 5.11 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 6th. Shareholders of record on Wednesday, January 23rd will be issued a dividend of $0.48 per share. The ex-dividend date is Tuesday, January 22nd. This represents a $1.92 annualized dividend and a yield of 2.17%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 43.74%.
LOW has been the subject of several research reports. Morgan Stanley reduced their price objective on Lowe’s Companies from $125.00 to $110.00 and set an “overweight” rating for the company in a research note on Tuesday, October 23rd. Loop Capital set a $125.00 price objective on Lowe’s Companies and gave the stock a “buy” rating in a research note on Wednesday, November 21st. Citigroup raised Lowe’s Companies from a “neutral” rating to a “buy” rating and set a $112.00 price objective for the company in a research note on Tuesday, October 23rd. Royal Bank of Canada raised their price objective on Lowe’s Companies to $118.00 and gave the stock an “outperform” rating in a research note on Thursday, August 23rd. Finally, Piper Jaffray Companies reduced their price objective on Lowe’s Companies from $110.00 to $93.00 and set a “neutral” rating for the company in a research note on Wednesday, November 21st. Ten equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $109.54.
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About Lowe’s Companies
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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