Shell Asset Management Co. Boosts Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Shell Asset Management Co. lifted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,236 shares of the home improvement retailer’s stock after acquiring an additional 626 shares during the period. Shell Asset Management Co.’s holdings in Lowe’s Companies were worth $5,609,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund grew its position in Lowe’s Companies by 8,621.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 17,673,178 shares of the home improvement retailer’s stock worth $191,000 after purchasing an additional 17,470,536 shares during the period. Lunia Capital LP boosted its stake in shares of Lowe’s Companies by 18,944.2% during the 4th quarter. Lunia Capital LP now owns 15,741,007 shares of the home improvement retailer’s stock worth $15,741,000 after acquiring an additional 15,658,352 shares during the last quarter. Norges Bank purchased a new position in shares of Lowe’s Companies during the 4th quarter worth $734,285,000. FMR LLC boosted its stake in shares of Lowe’s Companies by 9.2% during the 4th quarter. FMR LLC now owns 23,893,923 shares of the home improvement retailer’s stock worth $2,206,843,000 after acquiring an additional 2,014,183 shares during the last quarter. Finally, Boston Partners boosted 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 worth $536,420,000 after acquiring an additional 826,414 shares during the last quarter. 76.79% of the stock is owned by institutional investors.

In related news, insider Marvin R. Ellison bought 10,000 shares of the company’s stock in a transaction 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 purchase, the insider now directly owns 80,090 shares of the company’s stock, valued at $7,612,554.50. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Donald Frieson bought 2,030 shares of the company’s stock in a transaction on Wednesday, June 19th. The stock was bought at an average price of $98.69 per share, for a total transaction of $200,340.70. Following the completion of the purchase, the executive vice president now directly owns 10,980 shares in the company, valued at $1,083,616.20. The disclosure for this purchase can be found here. Insiders have purchased a total of 12,280 shares of company stock worth $1,174,566 over the last quarter. 0.07% of the stock is currently owned by insiders.

LOW has been the topic of a number of analyst reports. UBS Group lowered their target price on shares of Lowe’s Companies from $125.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday, May 23rd. Wedbush lowered their target price on shares of Lowe’s Companies from $110.00 to $105.00 and set a “neutral” rating on the stock in a research note on Thursday, May 23rd. ValuEngine cut shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. Morgan Stanley lifted their target price on shares of Lowe’s Companies from $115.00 to $123.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Finally, SunTrust Banks restated a “buy” rating and set a $120.00 target price on shares of Lowe’s Companies in a research note on Friday, May 24th. Ten investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $113.13.

Shares of Lowe’s Companies stock traded up $1.55 during trading hours on Friday, reaching $100.91. The company’s stock had a trading volume of 4,298,867 shares, compared to its average volume of 4,895,234. The stock has a market cap of $77.79 billion, a PE ratio of 19.63, a P/E/G ratio of 1.26 and a beta of 1.37. Lowe’s Companies, Inc. has a one year low of $84.75 and a one year high of $118.23. The business’s 50 day simple moving average is $99.75. The company has a debt-to-equity ratio of 6.37, a quick ratio of 0.24 and a current ratio of 1.09.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, May 22nd. The home improvement retailer reported $1.22 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.11). The firm had revenue of $17.74 billion for the quarter, compared to the consensus estimate of $17.65 billion. Lowe’s Companies had a net margin of 3.31% and a return on equity of 91.85%. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.19 earnings per share. Research analysts anticipate that Lowe’s Companies, Inc. will post 5.59 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 7th. Investors of record on Wednesday, July 24th will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.18%. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.48. The ex-dividend date is Tuesday, July 23rd. Lowe’s Companies’s dividend payout ratio is presently 37.35%.

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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