Lowe’s Companies, Inc. (LOW) Stake Lowered by Cohen & Steers Inc.

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Cohen & Steers Inc. lowered its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 18.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 131,500 shares of the home improvement retailer’s stock after selling 29,394 shares during the quarter. Cohen & Steers Inc.’s holdings in Lowe’s Companies were worth $12,145,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rational Advisors LLC increased its stake in shares of Lowe’s Companies by 1,005.9% in the third quarter. Rational Advisors LLC now owns 1,117 shares of the home improvement retailer’s stock worth $128,000 after purchasing an additional 1,016 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Lowe’s Companies by 2.2% in the third quarter. PNC Financial Services Group Inc. now owns 566,522 shares of the home improvement retailer’s stock worth $65,047,000 after purchasing an additional 12,321 shares in the last quarter. CI Investments Inc. purchased a new position in shares of Lowe’s Companies in the third quarter worth about $59,775,000. Vantage Investment Advisors LLC increased its stake in shares of Lowe’s Companies by 3.9% in the third quarter. Vantage Investment Advisors LLC now owns 67,776 shares of the home improvement retailer’s stock worth $7,782,000 after purchasing an additional 2,573 shares in the last quarter. Finally, Johnson Financial Group Inc. increased its stake in shares of Lowe’s Companies by 2.7% in the third quarter. Johnson Financial Group Inc. now owns 23,222 shares of the home improvement retailer’s stock worth $2,666,000 after purchasing an additional 610 shares in the last quarter. Institutional investors and hedge funds own 74.48% of the company’s stock.

Several research firms have recently weighed in on LOW. Loop Capital set a $125.00 target price on shares of Lowe’s Companies and gave the stock a “buy” rating in a research note on Wednesday, December 12th. Wells Fargo & Co lifted their target price on shares of Lowe’s Companies from $110.00 to $120.00 in a research note on Thursday, February 28th. Wedbush set a $95.00 price objective on shares of Lowe’s Companies and gave the company a “hold” rating in a research note on Wednesday, November 21st. KeyCorp reduced their price objective on shares of Lowe’s Companies from $125.00 to $115.00 and set an “overweight” rating for the company in a research note on Wednesday, November 21st. Finally, Morgan Stanley boosted their price objective on shares of Lowe’s Companies from $110.00 to $115.00 and gave the company an “overweight” rating in a research note on Thursday, February 28th. Eight investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $113.13.

Shares of NYSE:LOW opened at $103.45 on Wednesday. Lowe’s Companies, Inc. has a 12 month low of $81.16 and a 12 month high of $117.70. The company has a market cap of $80.41 billion, a P/E ratio of 20.13, a PEG ratio of 1.16 and a beta of 1.27. The company has a debt-to-equity ratio of 3.95, a current ratio of 0.98 and a quick ratio of 0.11.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, February 27th. The home improvement retailer reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.01. Lowe’s Companies had a net margin of 3.24% and a return on equity of 80.91%. The business had revenue of $15.65 billion during the quarter, compared to analyst estimates of $15.75 billion. During the same period in the previous year, the business posted $0.74 earnings per share. Lowe’s Companies’s revenue for the quarter was up 1.0% on a year-over-year basis. As a group, equities research analysts anticipate that Lowe’s Companies, Inc. will post 6.06 earnings per share for the current year.

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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.

Read More: Market Capitalization – What it Means for Investors

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

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