Sanders Morris Harris LLC Buys Shares of 5,506 Lowe's Companies, Inc. (NYSE:LOW)

Sanders Morris Harris LLC bought a new stake in Lowe's Companies, Inc. (NYSE:LOW) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,506 shares of the home improvement retailer’s stock, valued at approximately $962,000.

A number of other large investors have also bought and sold shares of LOW. Peoples Bank OH grew its holdings in shares of Lowe's Companies by 1.6% during the 2nd quarter. Peoples Bank OH now owns 4,750 shares of the home improvement retailer’s stock valued at $642,000 after acquiring an additional 75 shares in the last quarter. Signet Financial Management LLC lifted its stake in shares of Lowe's Companies by 2.2% in the 2nd quarter. Signet Financial Management LLC now owns 3,436 shares of the home improvement retailer’s stock valued at $528,000 after purchasing an additional 75 shares during the last quarter. Baldwin Investment Management LLC lifted its stake in shares of Lowe's Companies by 0.7% in the 2nd quarter. Baldwin Investment Management LLC now owns 11,751 shares of the home improvement retailer’s stock valued at $1,588,000 after purchasing an additional 76 shares during the last quarter. Strategic Advisors LLC lifted its stake in shares of Lowe's Companies by 1.9% in the 2nd quarter. Strategic Advisors LLC now owns 4,098 shares of the home improvement retailer’s stock valued at $608,000 after purchasing an additional 77 shares during the last quarter. Finally, Nwam LLC lifted its stake in shares of Lowe's Companies by 1.5% in the 2nd quarter. Nwam LLC now owns 5,506 shares of the home improvement retailer’s stock valued at $744,000 after purchasing an additional 82 shares during the last quarter. Institutional investors own 74.63% of the company’s stock.

NYSE LOW traded up $1.55 on Friday, reaching $177.70. The company’s stock had a trading volume of 3,879,396 shares, compared to its average volume of 5,110,834. The firm has a market cap of $134.29 billion, a PE ratio of 23.63, a price-to-earnings-growth ratio of 1.23 and a beta of 1.48. The business has a 50-day moving average price of $164.39 and a 200 day moving average price of $135.31. Lowe's Companies, Inc. has a 52 week low of $60.00 and a 52 week high of $180.67. The company has a current ratio of 1.30, a quick ratio of 0.65 and a debt-to-equity ratio of 4.64.

Lowe's Companies (NYSE:LOW) last posted its earnings results on Wednesday, August 19th. The home improvement retailer reported $3.75 earnings per share 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 analysts’ expectations of $24.24 billion. Lowe's Companies had a net margin of 7.12% and a return on equity of 228.17%. The firm’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.15 earnings per share. Analysts anticipate that Lowe's Companies, Inc. will post 8.49 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Shareholders of record on Wednesday, October 21st will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.35%. This is a boost from Lowe's Companies’s previous quarterly dividend of $0.55. The ex-dividend date is Tuesday, October 20th. Lowe's Companies’s dividend payout ratio is currently 38.46%.

Several equities research analysts recently issued reports on LOW shares. Goldman Sachs Group lifted their price objective on shares of Lowe's Companies from $149.00 to $176.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Nomura lifted their price objective on shares of Lowe's Companies from $130.00 to $146.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Wedbush lifted their price objective on shares of Lowe's Companies from $125.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, August 20th. Oppenheimer lowered shares of Lowe's Companies from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $185.00 to $180.00 in a research note on Friday, September 18th. Finally, Wells Fargo & Company boosted their target price on shares of Lowe's Companies from $165.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 11th. Four investment analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company. Lowe's Companies has an average rating of “Buy” and an average target price of $169.50.

In other Lowe's Companies news, EVP Ross W. Mccanless sold 62,838 shares of the company’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $168.33, for a total transaction of $10,577,520.54. Following the sale, the executive vice president now directly owns 72,967 shares of the company’s stock, valued at $12,282,535.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.07% of the stock is currently owned by corporate insiders.

Lowe's Companies Company Profile

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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