Lowe’s Companies, Inc. (LOW) Position Decreased by Montag & Caldwell LLC

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Montag & Caldwell LLC decreased its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 3.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 636,507 shares of the home improvement retailer’s stock after selling 23,404 shares during the quarter. Lowe’s Companies accounts for about 3.2% of Montag & Caldwell LLC’s investment portfolio, making the stock its 13th largest holding. Montag & Caldwell LLC’s holdings in Lowe’s Companies were worth $58,788,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in LOW. Nisa Investment Advisors LLC boosted its position in Lowe’s Companies by 1.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 322,325 shares of the home improvement retailer’s stock worth $37,009,000 after acquiring an additional 3,880 shares during the period. CI Investments Inc. acquired a new stake in shares of Lowe’s Companies during the 3rd quarter valued at about $59,775,000. Somerset Trust Co lifted its holdings in shares of Lowe’s Companies by 2.6% during the 4th quarter. Somerset Trust Co now owns 31,709 shares of the home improvement retailer’s stock valued at $2,929,000 after buying an additional 814 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Lowe’s Companies during the 3rd quarter valued at about $53,176,000. Finally, Ingalls & Snyder LLC lifted its holdings in shares of Lowe’s Companies by 6.2% during the 4th quarter. Ingalls & Snyder LLC now owns 10,523 shares of the home improvement retailer’s stock valued at $972,000 after buying an additional 613 shares during the last quarter. Institutional investors and hedge funds own 76.55% of the company’s stock.

Shares of LOW stock opened at $96.88 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 0.18 and a debt-to-equity ratio of 2.68. Lowe’s Companies, Inc. has a twelve month low of $81.16 and a twelve month high of $117.70. The company has a market capitalization of $77.74 billion, a P/E ratio of 22.07, a P/E/G ratio of 1.14 and a beta of 1.27.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Tuesday, November 20th. The home improvement retailer reported $1.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.06. The business had revenue of $17.42 billion for the quarter, compared to the consensus estimate of $17.36 billion. Lowe’s Companies had a return on equity of 72.47% and a net margin of 5.19%. The firm’s revenue was up 3.8% compared to the same quarter last year. During the same period last year, the business earned $1.05 EPS. On average, research analysts forecast that Lowe’s Companies, Inc. will post 5.11 EPS for the current year.

Several brokerages have recently issued reports on LOW. Loop Capital set a $125.00 price target on Lowe’s Companies and gave the company a “buy” rating in a report on Wednesday, December 12th. Gordon Haskett lowered Lowe’s Companies from an “accumulate” rating to a “hold” rating in a report on Thursday, November 8th. Wedbush set a $95.00 price target on Lowe’s Companies and gave the company a “hold” rating in a report on Wednesday, November 21st. KeyCorp reduced their price target on Lowe’s Companies from $125.00 to $115.00 and set an “overweight” rating for the company in a report on Wednesday, November 21st. Finally, Stifel Nicolaus lowered Lowe’s Companies from a “buy” rating to a “hold” rating and reduced their price target for the company from $125.00 to $92.00 in a report on Wednesday, November 21st. Ten research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $111.36.

In other Lowe’s Companies news, Director Brian C. Rogers purchased 10,000 shares of the company’s stock in a transaction on Friday, November 23rd. The shares were bought at an average cost of $88.02 per share, with a total value of $880,200.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $880,200. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.30% of the company’s stock.

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About Lowe’s Companies

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer 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 and outdoor living, lawn and garden, paint, millwork, flooring, and kitchens, as well as outdoor power equipment.

See Also: Current Ratio

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

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