Lowe’s Companies, Inc. (LOW) Shares Bought by KDI Capital Partners LLC

KDI Capital Partners LLC raised its position in Lowe’s Companies, Inc. (NYSE:LOW) by 8.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 104,051 shares of the home improvement retailer’s stock after buying an additional 8,392 shares during the period. Lowe’s Companies comprises about 2.8% of KDI Capital Partners LLC’s portfolio, making the stock its 13th largest holding. KDI Capital Partners LLC’s holdings in Lowe’s Companies were worth $8,067,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. SRS Capital Advisors Inc. boosted its holdings in Lowe’s Companies by 0.4% in the 1st quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock worth $101,000 after buying an additional 5 shares during the last quarter. Harbour Capital Advisors LLC acquired a new stake in Lowe’s Companies in the 1st quarter worth about $103,000. Hanson McClain Inc. boosted its holdings in Lowe’s Companies by 3.5% in the 1st quarter. Hanson McClain Inc. now owns 1,337 shares of the home improvement retailer’s stock worth $110,000 after buying an additional 45 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in Lowe’s Companies by 8.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 1,440 shares of the home improvement retailer’s stock worth $111,000 after buying an additional 110 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Lowe’s Companies in the 1st quarter worth about $119,000. Institutional investors own 74.22% of the company’s stock.

Several research firms recently issued reports on LOW. Deutsche Bank AG reiterated a “buy” rating and issued a $90.00 price objective (up from $85.00) on shares of Lowe’s Companies in a report on Friday. Gordon Haskett began coverage on Lowe’s Companies in a report on Tuesday, October 3rd. They issued an “accumulate” rating and a $88.00 price objective on the stock. Piper Jaffray Companies reiterated a “hold” rating and issued a $80.00 price objective on shares of Lowe’s Companies in a report on Friday, September 29th. Jefferies Group LLC reiterated a “hold” rating and issued a $75.00 price objective on shares of Lowe’s Companies in a report on Thursday, September 28th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $81.00 price objective on shares of Lowe’s Companies in a report on Monday, September 25th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the stock. Lowe’s Companies has a consensus rating of “Hold” and an average target price of $85.32.

Lowe’s Companies, Inc. (NYSE:LOW) opened at 81.74 on Tuesday. The company has a 50-day moving average price of $77.55 and a 200-day moving average price of $79.39. The firm has a market capitalization of $68.07 billion, a PE ratio of 23.21 and a beta of 1.07. Lowe’s Companies, Inc. has a 12-month low of $64.87 and a 12-month high of $86.25.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.62 by ($0.05). Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. The firm had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.58 billion. During the same quarter last year, the business posted $1.37 EPS. The firm’s revenue was up 6.8% compared to the same quarter last year. On average, analysts predict that Lowe’s Companies, Inc. will post $4.50 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Investors of record on Wednesday, October 25th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, October 24th. This represents a $1.64 dividend on an annualized basis and a yield of 2.01%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 46.20%.

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In related news, SVP Matthew V. Hollifield sold 7,853 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $78.30, for a total transaction of $614,889.90. Following the sale, the senior vice president now owns 30,750 shares in the company, valued at $2,407,725. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paul D. Ramsay sold 2,098 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $78.02, for a total transaction of $163,685.96. Following the sale, the insider now owns 8,400 shares in the company, valued at approximately $655,368. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by company insiders.

Lowe’s Companies Profile

Lowe’s Companies, Inc (Lowe’s) is a home improve

Other hedge funds have also recently bought and sold shares of the company. SRS Capital Advisors Inc. boosted its holdings in Lowe’s Companies by 0.4% in the 1st quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock worth $101,000 after buying an additional 5 shares during the last quarter. Harbour Capital Advisors LLC acquired a new stake in Lowe’s Companies in the 1st quarter worth about $103,000. Hanson McClain Inc. boosted its holdings in Lowe’s Companies by 3.5% in the 1st quarter. Hanson McClain Inc. now owns 1,337 shares of the home improvement retailer’s stock worth $110,000 after buying an additional 45 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in Lowe’s Companies by 8.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 1,440 shares of the home improvement retailer’s stock worth $111,000 after buying an additional 110 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Lowe’s Companies in the 1st quarter worth about $119,000. Institutional investors own 74.22% of the company’s stock.

Several research firms recently issued reports on LOW. Deutsche Bank AG reiterated a “buy” rating and issued a $90.00 price objective (up from $85.00) on shares of Lowe’s Companies in a report on Friday. Gordon Haskett began coverage on Lowe’s Companies in a report on Tuesday, October 3rd. They issued an “accumulate” rating and a $88.00 price objective on the stock. Piper Jaffray Companies reiterated a “hold” rating and issued a $80.00 price objective on shares of Lowe’s Companies in a report on Friday, September 29th. Jefferies Group LLC reiterated a “hold” rating and issued a $75.00 price objective on shares of Lowe’s Companies in a report on Thursday, September 28th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $81.00 price objective on shares of Lowe’s Companies in a report on Monday, September 25th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the stock. Lowe’s Companies has a consensus rating of “Hold” and an average target price of $85.32.

Lowe’s Companies, Inc. (NYSE:LOW) opened at 81.74 on Tuesday. The company has a 50-day moving average price of $77.55 and a 200-day moving average price of $79.39. The firm has a market capitalization of $68.07 billion, a PE ratio of 23.21 and a beta of 1.07. Lowe’s Companies, Inc. has a 12-month low of $64.87 and a 12-month high of $86.25.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.62 by ($0.05). Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. The firm had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.58 billion. During the same quarter last year, the business posted $1.37 EPS. The firm’s revenue was up 6.8% compared to the same quarter last year. On average, analysts predict that Lowe’s Companies, Inc. will post $4.50 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Investors of record on Wednesday, October 25th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, October 24th. This represents a $1.64 dividend on an annualized basis and a yield of 2.01%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 46.20%.

ILLEGAL ACTIVITY NOTICE: This piece of content was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of international trademark & copyright legislation. The legal version of this piece of content can be accessed at https://ledgergazette.com/2017/10/10/lowes-companies-inc-low-shares-bought-by-kdi-capital-partners-llc.html.

In related news, SVP Matthew V. Hollifield sold 7,853 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $78.30, for a total transaction of $614,889.90. Following the sale, the senior vice president now owns 30,750 shares in the company, valued at $2,407,725. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paul D. Ramsay sold 2,098 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $78.02, for a total transaction of $163,685.96. Following the sale, the insider now owns 8,400 shares in the company, valued at approximately $655,368. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by company insiders.

Lowe’s Companies 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.

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

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