Lowe's Companies, Inc. (LOW) Shares Bought by HM Payson & Co.

HM Payson & Co. boosted its position in Lowe's Companies, Inc. (NYSE:LOW) by 46.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,410 shares of the home improvement retailer’s stock after acquiring an additional 1,395 shares during the quarter. HM Payson & Co.’s holdings in Lowe's Companies were worth $409,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of LOW. Atlantic Trust LLC acquired a new position in Lowe's Companies in the second quarter valued at $105,000. Almanack Investment Partners LLC. acquired a new position in Lowe's Companies in the fourth quarter valued at $106,000. Stonehearth Capital Management LLC acquired a new position in Lowe's Companies in the fourth quarter valued at $112,000. Truewealth LLC acquired a new position in Lowe's Companies in the fourth quarter valued at $128,000. Finally, Cerebellum GP LLC acquired a new position in Lowe's Companies in the fourth quarter valued at $129,000. Hedge funds and other institutional investors own 73.78% of the company’s stock.

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Shares of Lowe's Companies, Inc. (LOW) opened at $85.70 on Friday. Lowe's Companies, Inc. has a 52-week low of $70.76 and a 52-week high of $108.98. The stock has a market capitalization of $72,417.50, a PE ratio of 20.90, a PEG ratio of 0.92 and a beta of 1.30. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.11 and a current ratio of 1.06.

Lowe's Companies (NYSE:LOW) last announced its earnings results on Wednesday, February 28th. The home improvement retailer reported $0.74 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.13). Lowe's Companies had a return on equity of 65.17% and a net margin of 5.02%. The business had revenue of $15.49 billion for the quarter, compared to analysts’ expectations of $15.34 billion. During the same period in the previous year, the firm posted $0.86 earnings per share. The firm’s revenue was down 1.8% compared to the same quarter last year. research analysts predict that Lowe's Companies, Inc. will post 5.47 EPS for the current year.

Lowe's Companies announced that its Board of Directors has authorized a stock buyback plan on Friday, January 26th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the home improvement retailer to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

LOW has been the topic of a number of recent research reports. Loop Capital initiated coverage on Lowe's Companies in a research note on Thursday, March 1st. They set a “hold” rating and a $88.00 price objective on the stock. BMO Capital Markets restated a “hold” rating and set a $95.00 price objective (up previously from $82.00) on shares of Lowe's Companies in a research note on Thursday, March 1st. Telsey Advisory Group upgraded Lowe's Companies from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $83.00 to $124.00 in a research note on Thursday, January 25th. Credit Suisse Group restated an “outperform” rating and set a $111.00 price objective on shares of Lowe's Companies in a research note on Monday, March 5th. Finally, Raymond James Financial upgraded Lowe's Companies from a “market perform” rating to an “outperform” rating and set a $87.00 price objective on the stock in a research note on Monday, November 27th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-two have issued a buy rating to the company. Lowe's Companies presently has an average rating of “Buy” and a consensus target price of $97.93.

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Lowe's Companies Profile

Lowe's Companies, Inc operates as a home improvement company in the United States, Canada, and Mexico. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal living, lawn and garden, paint, millwork, flooring, kitchens, outdoor power equipment, and home fashions.

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

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