Radnor Capital Management LLC Buys Shares of 1,387 Lowe’s Companies, Inc. (NYSE:LOW)

Radnor Capital Management LLC purchased a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,387 shares of the home improvement retailer’s stock, valued at approximately $223,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. Massachusetts Financial Services Co. MA raised its holdings in Lowe’s Companies by 96.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,886,003 shares of the home improvement retailer’s stock valued at $810,393,000 after acquiring an additional 2,396,294 shares in the last quarter. Two Sigma Advisers LP grew its position in shares of Lowe’s Companies by 157.7% during the second quarter. Two Sigma Advisers LP now owns 2,983,502 shares of the home improvement retailer’s stock worth $403,131,000 after acquiring an additional 1,825,900 shares during the last quarter. Standard Life Aberdeen plc boosted its holdings in shares of Lowe’s Companies by 186.2% in the third quarter. Standard Life Aberdeen plc now owns 1,525,532 shares of the home improvement retailer’s stock valued at $253,025,000 after acquiring an additional 992,575 shares in the last quarter. UBS Asset Management Americas Inc. grew its position in shares of Lowe’s Companies by 21.7% in the third quarter. UBS Asset Management Americas Inc. now owns 5,382,572 shares of the home improvement retailer’s stock valued at $892,753,000 after purchasing an additional 958,338 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its position in Lowe’s Companies by 122.5% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,470,668 shares of the home improvement retailer’s stock worth $243,925,000 after acquiring an additional 809,644 shares during the last quarter. 66.32% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE LOW opened at $169.83 on Thursday. The stock’s 50 day moving average price is $159.72 and its two-hundred day moving average price is $157.66. Lowe’s Companies, Inc. has a 52-week low of $60.00 and a 52-week high of $180.67. The stock has a market capitalization of $124.44 billion, a P/E ratio of 24.02, a PEG ratio of 1.12 and a beta of 1.37. The company has a quick ratio of 0.57, a current ratio of 1.38 and a debt-to-equity ratio of 5.20.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Tuesday, November 17th. The home improvement retailer reported $1.98 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.97 by $0.01. The firm had revenue of $22.31 billion for the quarter, compared to analysts’ expectations of $21.08 billion. Lowe’s Companies had a return on equity of 211.33% and a net margin of 6.29%. During the same quarter in the prior year, the firm posted $1.41 earnings per share. On average, analysts anticipate that Lowe’s Companies, Inc. will post 8.7 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 3rd. Stockholders of record on Wednesday, January 20th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Tuesday, January 19th. Lowe’s Companies’s payout ratio is 41.96%.

A number of brokerages have recently commented on LOW. Jefferies Financial Group raised their target price on shares of Lowe’s Companies from $202.00 to $207.00 and gave the company a “buy” rating in a research note on Thursday, December 10th. BNP Paribas began coverage on shares of Lowe’s Companies in a research note on Monday, October 5th. They issued a “neutral” rating and a $159.00 target price on the stock. Zacks Investment Research downgraded shares of Lowe’s Companies from a “buy” rating to a “hold” rating and set a $166.00 target price on the stock. in a research note on Thursday, November 12th. KeyCorp raised their target price on shares of Lowe’s Companies from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, October 21st. Finally, Exane BNP Paribas began coverage on shares of Lowe’s Companies in a research note on Monday, October 5th. They issued a “neutral” rating and a $159.00 target price on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty-nine have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $171.82.

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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