Lowe’s Companies, Inc. (LOW) Position Increased by Royce & Associates LP

Royce & Associates LP boosted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 24.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 62,000 shares of the home improvement retailer’s stock after purchasing an additional 12,000 shares during the quarter. Royce & Associates LP’s holdings in Lowe’s Companies were worth $4,807,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in LOW. Waldron LP purchased a new stake in Lowe’s Companies during the 1st quarter valued at about $364,000. Empire Life Investments Inc. purchased a new stake in Lowe’s Companies during the 1st quarter valued at about $17,350,000. Xact Kapitalforvaltning AB grew its position in Lowe’s Companies by 3.6% during the 1st quarter. Xact Kapitalforvaltning AB now owns 131,966 shares of the home improvement retailer’s stock valued at $10,849,000 after purchasing an additional 4,595 shares during the last quarter. NewFocus Financial Group LLC grew its position in Lowe’s Companies by 0.4% during the 1st quarter. NewFocus Financial Group LLC now owns 44,764 shares of the home improvement retailer’s stock valued at $3,680,000 after purchasing an additional 183 shares during the last quarter. Finally, MUFG Americas Holdings Corp grew its position in Lowe’s Companies by 1.0% during the 1st quarter. MUFG Americas Holdings Corp now owns 119,317 shares of the home improvement retailer’s stock valued at $9,809,000 after purchasing an additional 1,141 shares during the last quarter. 74.11% of the stock is currently owned by institutional investors.

Several analysts recently commented on LOW shares. BMO Capital Markets reissued a “buy” rating and set a $89.00 price objective on shares of Lowe’s Companies in a research report on Thursday, July 20th. Zacks Investment Research raised shares of Lowe’s Companies from a “sell” rating to a “hold” rating in a report on Monday, September 11th. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $83.00 price target (down previously from $89.00) on shares of Lowe’s Companies in a report on Thursday, August 24th. Longbow Research reaffirmed a “buy” rating and set a $95.00 price target on shares of Lowe’s Companies in a report on Monday, August 14th. Finally, Morgan Stanley dropped their price target on shares of Lowe’s Companies from $88.00 to $81.00 and set an “overweight” rating on the stock in a report on Thursday, August 24th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $85.32.

TRADEMARK VIOLATION WARNING: “Lowe’s Companies, Inc. (LOW) Position Increased by Royce & Associates LP” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this piece can be read at https://ledgergazette.com/2017/10/17/lowes-companies-inc-low-position-increased-by-royce-associates-lp.html.

Lowe’s Companies, Inc. (LOW) opened at 81.20 on Tuesday. The stock has a market capitalization of $67.62 billion, a price-to-earnings ratio of 23.06 and a beta of 1.07. Lowe’s Companies, Inc. has a 1-year low of $64.87 and a 1-year high of $86.25. The firm’s 50-day moving average is $78.58 and its 200 day moving average is $79.37.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, August 23rd. The home improvement retailer reported $1.57 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($0.05). Lowe’s Companies had a net margin of 4.51% and a return on equity of 62.02%. The firm had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.58 billion. During the same period in the prior year, the company posted $1.37 earnings per share. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. Equities analysts anticipate that Lowe’s Companies, Inc. will post $4.50 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Shareholders of record on Wednesday, October 25th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend is Tuesday, October 24th. Lowe’s Companies’s dividend payout ratio (DPR) is presently 46.20%.

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

Lowe’s Companies Profile

Lowe’s Companies, Inc

A number of other hedge funds have also recently made changes to their positions in LOW. Waldron LP purchased a new stake in Lowe’s Companies during the 1st quarter valued at about $364,000. Empire Life Investments Inc. purchased a new stake in Lowe’s Companies during the 1st quarter valued at about $17,350,000. Xact Kapitalforvaltning AB grew its position in Lowe’s Companies by 3.6% during the 1st quarter. Xact Kapitalforvaltning AB now owns 131,966 shares of the home improvement retailer’s stock valued at $10,849,000 after purchasing an additional 4,595 shares during the last quarter. NewFocus Financial Group LLC grew its position in Lowe’s Companies by 0.4% during the 1st quarter. NewFocus Financial Group LLC now owns 44,764 shares of the home improvement retailer’s stock valued at $3,680,000 after purchasing an additional 183 shares during the last quarter. Finally, MUFG Americas Holdings Corp grew its position in Lowe’s Companies by 1.0% during the 1st quarter. MUFG Americas Holdings Corp now owns 119,317 shares of the home improvement retailer’s stock valued at $9,809,000 after purchasing an additional 1,141 shares during the last quarter. 74.11% of the stock is currently owned by institutional investors.

Several analysts recently commented on LOW shares. BMO Capital Markets reissued a “buy” rating and set a $89.00 price objective on shares of Lowe’s Companies in a research report on Thursday, July 20th. Zacks Investment Research raised shares of Lowe’s Companies from a “sell” rating to a “hold” rating in a report on Monday, September 11th. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $83.00 price target (down previously from $89.00) on shares of Lowe’s Companies in a report on Thursday, August 24th. Longbow Research reaffirmed a “buy” rating and set a $95.00 price target on shares of Lowe’s Companies in a report on Monday, August 14th. Finally, Morgan Stanley dropped their price target on shares of Lowe’s Companies from $88.00 to $81.00 and set an “overweight” rating on the stock in a report on Thursday, August 24th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $85.32.

TRADEMARK VIOLATION WARNING: “Lowe’s Companies, Inc. (LOW) Position Increased by Royce & Associates LP” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this piece can be read at https://ledgergazette.com/2017/10/17/lowes-companies-inc-low-position-increased-by-royce-associates-lp.html.

Lowe’s Companies, Inc. (LOW) opened at 81.20 on Tuesday. The stock has a market capitalization of $67.62 billion, a price-to-earnings ratio of 23.06 and a beta of 1.07. Lowe’s Companies, Inc. has a 1-year low of $64.87 and a 1-year high of $86.25. The firm’s 50-day moving average is $78.58 and its 200 day moving average is $79.37.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, August 23rd. The home improvement retailer reported $1.57 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($0.05). Lowe’s Companies had a net margin of 4.51% and a return on equity of 62.02%. The firm had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.58 billion. During the same period in the prior year, the company posted $1.37 earnings per share. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. Equities analysts anticipate that Lowe’s Companies, Inc. will post $4.50 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Shareholders of record on Wednesday, October 25th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend is Tuesday, October 24th. Lowe’s Companies’s dividend payout ratio (DPR) is presently 46.20%.

In other Lowe’s Companies news, SVP Matthew V. Hollifield sold 7,853 shares of the firm’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $78.30, for a total value of $614,889.90. Following the completion of the sale, the senior vice president now directly owns 30,750 shares of the company’s stock, valued at approximately $2,407,725. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul D. Ramsay sold 2,098 shares of the firm’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $78.02, for a total value of $163,685.96. Following the completion of the sale, the insider now directly owns 8,400 shares of the company’s stock, valued at $655,368. The disclosure for this sale can be found here. 0.11% of the stock is 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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