Delta Asset Management LLC TN trimmed its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 0.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 326,149 shares of the home improvement retailer’s stock after selling 1,180 shares during the quarter. Lowe’s Companies comprises approximately 3.9% of Delta Asset Management LLC TN’s portfolio, making the stock its 6th largest holding. Delta Asset Management LLC TN’s holdings in Lowe’s Companies were worth $26,073,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Private Capital Management Inc. lifted its stake in Lowe’s Companies by 32.4% in the 3rd quarter. Private Capital Management Inc. now owns 9,200 shares of the home improvement retailer’s stock worth $735,000 after purchasing an additional 2,250 shares in the last quarter. Harbor Advisors LLC purchased a new position in Lowe’s Companies in the 3rd quarter worth approximately $240,000. First Business Financial Services Inc. lifted its stake in Lowe’s Companies by 13.4% in the 3rd quarter. First Business Financial Services Inc. now owns 7,583 shares of the home improvement retailer’s stock worth $606,000 after purchasing an additional 895 shares in the last quarter. Eagle Ridge Investment Management purchased a new position in Lowe’s Companies in the 3rd quarter worth approximately $481,000. Finally, FinTrust Investment Advisory Services LLC purchased a new position in Lowe’s Companies in the 3rd quarter worth approximately $365,000. 73.29% of the stock is currently owned by institutional investors and hedge funds.
LOW has been the topic of a number of research reports. Deutsche Bank reissued a “buy” rating and issued a $90.00 target price (up from $85.00) on shares of Lowe’s Companies in a research note on Friday, October 6th. Longbow Research reissued a “buy” rating and issued a $95.00 target price on shares of Lowe’s Companies in a research note on Monday, August 14th. Zacks Investment Research lowered shares of Lowe’s Companies from a “hold” rating to a “sell” rating in a research report on Monday, August 28th. Credit Suisse Group reaffirmed an “outperform” rating and set a $94.00 price target on shares of Lowe’s Companies in a research report on Monday, August 21st. They noted that the move was a valuation call. Finally, Royal Bank Of Canada set a $81.00 price target on shares of Lowe’s Companies and gave the company a “buy” rating in a research report on Monday, October 30th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and sixteen have assigned a buy rating to the company. Lowe’s Companies has an average rating of “Hold” and a consensus price target of $87.40.
Shares of Lowe’s Companies, Inc. (LOW) opened at $85.60 on Friday. The stock has a market capitalization of $69,392.88, a P/E ratio of 18.54, a price-to-earnings-growth ratio of 1.34 and a beta of 1.15. The company has a debt-to-equity ratio of 2.71, a current ratio of 1.02 and a quick ratio of 0.12. Lowe’s Companies, Inc. has a 12-month low of $70.49 and a 12-month high of $88.55.
Lowe’s Companies (NYSE:LOW) last announced its earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.03. The company had revenue of $16.77 billion for the quarter, compared to analyst estimates of $16.59 billion. Lowe’s Companies had a return on equity of 66.27% and a net margin of 5.16%. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.88 earnings per share. equities research analysts expect that Lowe’s Companies, Inc. will post 4.51 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date is Tuesday, January 23rd. Lowe’s Companies’s payout ratio is 39.33%.
In other Lowe’s Companies news, insider Paul D. Ramsay sold 2,098 shares of the business’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 value of $163,685.96. Following the sale, the insider now owns 8,400 shares of the company’s stock, valued at $655,368. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Nelson B. Peace sold 3,352 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $80.20, for a total value of $268,830.40. Following the completion of the sale, the insider now directly owns 4,650 shares in the company, valued at approximately $372,930. The disclosure for this sale can be found here. In the last three months, insiders sold 13,303 shares of company stock worth $1,047,406. 0.11% of the stock is owned by corporate 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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