Lowe’s Companies, Inc. (LOW) Shares Bought by LS Investment Advisors LLC

LS Investment Advisors LLC increased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 20.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 53,571 shares of the home improvement retailer’s stock after buying an additional 8,964 shares during the period. LS Investment Advisors LLC’s holdings in Lowe’s Companies were worth $4,404,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CLS Investments LLC increased its position in shares of Lowe’s Companies by 17.2% in the fourth quarter. CLS Investments LLC now owns 1,832 shares of the home improvement retailer’s stock valued at $130,000 after buying an additional 269 shares during the last quarter. Armor Investment Advisors LLC acquired a new position in shares of Lowe’s Companies during the fourth quarter valued at about $2,116,000. Comerica Bank increased its position in shares of Lowe’s Companies by 2.7% in the fourth quarter. Comerica Bank now owns 301,708 shares of the home improvement retailer’s stock valued at $21,768,000 after buying an additional 7,897 shares during the last quarter. Highland Private Wealth Management acquired a new position in shares of Lowe’s Companies during the fourth quarter valued at about $223,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in shares of Lowe’s Companies during the fourth quarter valued at about $1,729,000. 75.30% of the stock is currently owned by hedge funds and other institutional investors.

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

Lowe’s Companies, Inc. (NYSE LOW) opened at 81.08 on Tuesday. Lowe’s Companies, Inc. has a 12 month low of $64.87 and a 12 month high of $86.25. The firm has a market cap of $68.45 billion, a PE ratio of 25.42 and a beta of 1.08. The firm’s 50-day moving average is $82.20 and its 200-day moving average is $78.40.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, May 24th. The home improvement retailer reported $1.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by $0.03. Lowe’s Companies had a net margin of 4.22% and a return on equity of 56.78%. The business had revenue of $16.86 billion for the quarter, compared to the consensus estimate of $16.99 billion. During the same quarter last year, the business posted $0.87 EPS. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. Equities analysts expect that Lowe’s Companies, Inc. will post $4.62 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 9th. Stockholders of record on Wednesday, July 26th will be given a dividend of $0.41 per share. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Monday, July 24th. This represents a $1.64 annualized dividend and a dividend yield of 2.02%. Lowe’s Companies’s dividend payout ratio (DPR) is 44.03%.

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LOW has been the topic of several research reports. Royal Bank Of Canada reissued a “buy” rating and set a $90.00 price objective on shares of Lowe’s Companies in a research report on Monday, April 3rd. Credit Suisse Group set a $83.00 price objective on shares of Lowe’s Companies and gave the stock a “buy” rating in a research report on Thursday, March 2nd. Morgan Stanley set a $88.00 price objective on shares of Lowe’s Companies and gave the stock a “buy” rating in a research report on Thursday, February 23rd. BTIG Research reissued a “buy” rating and set a $80.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, February 22nd. Finally, Zacks Investment Research raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a research report on Tuesday, April 18th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the company. Lowe’s Companies currently has an average rating of “Hold” and an average price target of $85.62.

In other news, CFO Marshall A. Croom sold 12,700 shares of the firm’s stock in a transaction dated Thursday, March 30th. The shares were sold at an average price of $82.14, for a total transaction of $1,043,178.00. Following the completion of the transaction, the chief financial officer now owns 53,479 shares in the company, valued at approximately $4,392,765.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Richard D. Maltsbarger sold 11,672 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $80.20, for a total transaction of $936,094.40. Following the transaction, the insider now owns 37,716 shares of the company’s stock, valued at approximately $3,024,823.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,524 shares of company stock valued at $3,385,050. Insiders own 0.11% of the company’s stock.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.

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