Cohen Lawrence B Increases Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

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Cohen Lawrence B lifted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,600 shares of the home improvement retailer’s stock after buying an additional 535 shares during the quarter. Cohen Lawrence B’s holdings in Lowe’s Companies were worth $969,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Geode Capital Management LLC lifted its stake in shares of Lowe’s Companies by 7.6% during the 4th quarter. Geode Capital Management LLC now owns 10,336,009 shares of the home improvement retailer’s stock valued at $952,946,000 after buying an additional 728,740 shares in the last quarter. Boston Partners lifted its stake in shares of Lowe’s Companies by 20.3% during the 1st quarter. Boston Partners now owns 4,900,149 shares of the home improvement retailer’s stock valued at $536,420,000 after buying an additional 826,414 shares in the last quarter. Artisan Partners Limited Partnership lifted its stake in shares of Lowe’s Companies by 14.9% during the 1st quarter. Artisan Partners Limited Partnership now owns 3,735,627 shares of the home improvement retailer’s stock valued at $408,939,000 after buying an additional 483,822 shares in the last quarter. Parametric Portfolio Associates LLC lifted its stake in shares of Lowe’s Companies by 0.6% during the 1st quarter. Parametric Portfolio Associates LLC now owns 3,349,230 shares of the home improvement retailer’s stock valued at $366,640,000 after buying an additional 19,829 shares in the last quarter. Finally, Swiss National Bank lifted its stake in shares of Lowe’s Companies by 2.1% during the 1st quarter. Swiss National Bank now owns 2,690,548 shares of the home improvement retailer’s stock valued at $294,534,000 after buying an additional 54,100 shares in the last quarter. Institutional investors own 76.36% of the company’s stock.

Lowe’s Companies stock opened at $96.58 on Wednesday. The firm’s fifty day moving average is $102.18. The company has a debt-to-equity ratio of 6.37, a quick ratio of 0.24 and a current ratio of 1.09. The stock has a market cap of $77.16 billion, a PE ratio of 18.79, a P/E/G ratio of 1.28 and a beta of 1.36. Lowe’s Companies, Inc. has a fifty-two week low of $84.75 and a fifty-two week high of $118.23.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, May 22nd. The home improvement retailer reported $1.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.33 by ($0.11). Lowe’s Companies had a net margin of 3.31% and a return on equity of 91.85%. The company had revenue of $17.74 billion for the quarter, compared to analysts’ expectations of $17.65 billion. During the same quarter last year, the business posted $1.19 EPS. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, equities research analysts forecast that Lowe’s Companies, Inc. will post 5.59 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Wednesday, July 24th were issued a dividend of $0.55 per share. The ex-dividend date was Tuesday, July 23rd. This represents a $2.20 annualized dividend and a dividend yield of 2.28%. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.48. Lowe’s Companies’s dividend payout ratio (DPR) is currently 42.80%.

In other Lowe’s Companies news, EVP Donald Frieson bought 2,030 shares of Lowe’s Companies stock in a transaction that occurred on Wednesday, June 19th. The shares were bought at an average price of $98.69 per share, with a total value of $200,340.70. Following the acquisition, the executive vice president now owns 10,980 shares in the company, valued at $1,083,616.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Marvin R. Ellison bought 10,000 shares of Lowe’s Companies stock in a transaction that occurred on Friday, May 24th. The shares were acquired at an average cost of $95.05 per share, for a total transaction of $950,500.00. Following the acquisition, the insider now owns 80,090 shares in the company, valued at approximately $7,612,554.50. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 12,280 shares of company stock worth $1,174,566. 0.07% of the stock is owned by insiders.

LOW has been the topic of a number of recent research reports. Barclays upped their price target on shares of Lowe’s Companies from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Monday, June 24th. Morgan Stanley set a $123.00 target price on shares of Lowe’s Companies and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Goldman Sachs Group initiated coverage on shares of Lowe’s Companies in a research note on Thursday, July 11th. They issued a “buy” rating and a $119.00 target price on the stock. Telsey Advisory Group reiterated an “outperform” rating and issued a $116.00 target price (down from $126.00) on shares of Lowe’s Companies in a research note on Thursday, May 23rd. Finally, Wells Fargo & Co reiterated a “buy” rating on shares of Lowe’s Companies in a research note on Friday, May 10th. Ten investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $112.88.

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. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.

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

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