Parallel Advisors LLC Has $655,000 Position in Lowe’s Companies, Inc. (NYSE:LOW)

Share on StockTwits

Parallel Advisors LLC raised its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 18.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,956 shares of the home improvement retailer’s stock after purchasing an additional 926 shares during the quarter. Parallel Advisors LLC’s holdings in Lowe’s Companies were worth $655,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in LOW. Thomasville National Bank boosted its stake in shares of Lowe’s Companies by 24.5% during the 2nd quarter. Thomasville National Bank now owns 14,775 shares of the home improvement retailer’s stock valued at $1,491,000 after buying an additional 2,912 shares during the period. Private Trust Co. NA boosted its stake in shares of Lowe’s Companies by 2.4% during the 2nd quarter. Private Trust Co. NA now owns 28,801 shares of the home improvement retailer’s stock valued at $2,906,000 after buying an additional 684 shares during the period. Fulton Bank N.A. boosted its stake in shares of Lowe’s Companies by 2.8% during the 2nd quarter. Fulton Bank N.A. now owns 14,429 shares of the home improvement retailer’s stock valued at $1,456,000 after buying an additional 391 shares during the period. Rockland Trust Co. boosted its stake in shares of Lowe’s Companies by 10.1% during the 2nd quarter. Rockland Trust Co. now owns 5,723 shares of the home improvement retailer’s stock valued at $578,000 after buying an additional 523 shares during the period. Finally, Foundations Investment Advisors LLC boosted its stake in shares of Lowe’s Companies by 15.3% during the 2nd quarter. Foundations Investment Advisors LLC now owns 9,381 shares of the home improvement retailer’s stock valued at $968,000 after buying an additional 1,248 shares during the period. Institutional investors and hedge funds own 76.35% of the company’s stock.

A number of equities research analysts have issued reports on the stock. Barclays raised shares of Lowe’s Companies from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $105.00 to $125.00 in a research note on Thursday, October 31st. Telsey Advisory Group lifted their price objective on shares of Lowe’s Companies from $116.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Wells Fargo & Co lifted their price objective on shares of Lowe’s Companies from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Tuesday. Royal Bank of Canada lifted their price objective on shares of Lowe’s Companies from $123.00 to $129.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Finally, Oppenheimer lifted their price objective on shares of Lowe’s Companies from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. Seven analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. Lowe’s Companies currently has a consensus rating of “Buy” and a consensus target price of $123.20.

In related news, EVP Jennifer L. Weber sold 12,589 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $112.62, for a total value of $1,417,773.18. Following the sale, the executive vice president now owns 17,440 shares of the company’s stock, valued at $1,964,092.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Matthew V. Hollifield sold 12,136 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $112.34, for a total transaction of $1,363,358.24. Following the completion of the sale, the chief accounting officer now directly owns 28,017 shares in the company, valued at approximately $3,147,429.78. The disclosure for this sale can be found here. Insiders own 0.07% of the company’s stock.

Shares of NYSE:LOW traded up $0.67 on Friday, hitting $113.27. 912,190 shares of the company were exchanged, compared to its average volume of 2,940,965. The company’s 50 day moving average price is $110.68 and its two-hundred day moving average price is $105.70. Lowe’s Companies, Inc. has a one year low of $84.75 and a one year high of $118.23. The company has a debt-to-equity ratio of 7.80, a quick ratio of 0.19 and a current ratio of 1.06. The firm has a market capitalization of $86.60 billion, a price-to-earnings ratio of 22.04, a PEG ratio of 1.47 and a beta of 1.29.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, August 21st. The home improvement retailer reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.00 by $0.15. Lowe’s Companies had a net margin of 3.52% and a return on equity of 111.09%. The company had revenue of $20.99 billion for the quarter, compared to the consensus estimate of $20.96 billion. During the same quarter in the previous year, the firm posted $2.07 EPS. The business’s revenue was up .5% compared to the same quarter last year. Research analysts predict that Lowe’s Companies, Inc. will post 5.67 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $2.20 annualized dividend and a dividend yield of 1.94%. Lowe’s Companies’s payout ratio is 42.80%.

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.

Recommended Story: What is a Special Dividend?

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

Receive News & Ratings for Lowe's Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

$38.19 Billion in Sales Expected for Chevron Co.  This Quarter
$38.19 Billion in Sales Expected for Chevron Co. This Quarter
Aridis Pharmaceuticals’  “Buy” Rating Reaffirmed at Northland Securities
Aridis Pharmaceuticals’ “Buy” Rating Reaffirmed at Northland Securities
Asbury Automotive Group  Price Target Raised to $114.00
Asbury Automotive Group Price Target Raised to $114.00
Brown & Brown  Price Target Increased to $34.00 by Analysts at Morgan Stanley
Brown & Brown Price Target Increased to $34.00 by Analysts at Morgan Stanley
Walmart  Given a $124.00 Price Target at Royal Bank of Canada
Walmart Given a $124.00 Price Target at Royal Bank of Canada
Bitcoin Rhodium  One Day Trading Volume Hits $9,184.00
Bitcoin Rhodium One Day Trading Volume Hits $9,184.00


© 2006-2019 Ticker Report