Clean Yield Group Buys 128 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Clean Yield Group raised its stake in Lowe's Companies, Inc. (NYSE:LOW) by 8.3% during the third quarter, HoldingsChannel.com reports. The fund owned 1,663 shares of the home improvement retailer’s stock after purchasing an additional 128 shares during the quarter. Clean Yield Group’s holdings in Lowe's Companies were worth $276,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LOW. Public Employees Retirement Association of Colorado increased its holdings in shares of Lowe's Companies by 3.9% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 144,989 shares of the home improvement retailer’s stock worth $12,476,000 after buying an additional 5,436 shares during the last quarter. APG Asset Management N.V. boosted its position in Lowe's Companies by 10.5% in the 1st quarter. APG Asset Management N.V. now owns 2,257,388 shares of the home improvement retailer’s stock valued at $194,248,000 after buying an additional 214,997 shares during the period. AXA boosted its position in Lowe's Companies by 42.3% in the 1st quarter. AXA now owns 361,629 shares of the home improvement retailer’s stock valued at $31,117,000 after buying an additional 107,501 shares during the period. Guardian Capital LP boosted its position in Lowe's Companies by 6.8% in the 1st quarter. Guardian Capital LP now owns 4,720 shares of the home improvement retailer’s stock valued at $406,000 after buying an additional 300 shares during the period. Finally, Northern Oak Wealth Management Inc. boosted its position in Lowe's Companies by 99.8% in the 1st quarter. Northern Oak Wealth Management Inc. now owns 53,339 shares of the home improvement retailer’s stock valued at $4,590,000 after buying an additional 26,649 shares during the period. Institutional investors own 74.63% of the company’s stock.

Several brokerages have recently weighed in on LOW. BofA Securities upped their price target on shares of Lowe's Companies from $176.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. DA Davidson upped their price target on shares of Lowe's Companies from $180.00 to $185.00 in a research report on Thursday, August 20th. Nomura upped their price target on shares of Lowe's Companies from $130.00 to $146.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Barclays upped their price target on shares of Lowe's Companies from $150.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, August 20th. Finally, Royal Bank of Canada upped their price target on shares of Lowe's Companies from $165.00 to $188.00 and gave the stock an “outperform” rating in a research report on Thursday, August 20th. Four investment analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $169.50.

In other news, EVP Ross W. Mccanless sold 62,838 shares of the stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $168.33, for a total value of $10,577,520.54. Following the sale, the executive vice president now owns 72,967 shares in the company, valued at $12,282,535.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.07% of the stock is owned by corporate insiders.

Lowe's Companies stock traded up $1.55 during mid-day trading on Friday, reaching $177.70. 3,879,396 shares of the company traded hands, compared to its average volume of 5,110,834. The company has a debt-to-equity ratio of 4.64, a current ratio of 1.30 and a quick ratio of 0.65. Lowe's Companies, Inc. has a fifty-two week low of $60.00 and a fifty-two week high of $180.67. The company has a market capitalization of $134.29 billion, a price-to-earnings ratio of 23.63, a price-to-earnings-growth ratio of 1.23 and a beta of 1.48. The firm’s fifty day moving average is $164.39 and its two-hundred day moving average is $135.31.

Lowe's Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, August 19th. The home improvement retailer reported $3.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.95 by $0.80. The business had revenue of $27.30 billion for the quarter, compared to analyst estimates of $24.24 billion. Lowe's Companies had a net margin of 7.12% and a return on equity of 228.17%. Lowe's Companies’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.15 EPS. As a group, equities research analysts predict that Lowe's Companies, Inc. will post 8.49 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Stockholders of record on Wednesday, October 21st will be paid a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, October 20th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.35%. This is a positive change from Lowe's Companies’s previous quarterly dividend of $0.55. Lowe's Companies’s dividend payout ratio is presently 38.46%.

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

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

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