3,000 Shares in Lowe’s Companies, Inc. (NYSE:LOW) Acquired by Long Road Investment Counsel LLC

Long Road Investment Counsel LLC bought a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 3,000 shares of the home improvement retailer’s stock, valued at approximately $328,000.

Several other large investors have also made changes to their positions in the company. Kaizen Advisory LLC increased its position in shares of Lowe’s Companies by 13.6% in the 4th quarter. Kaizen Advisory LLC now owns 2,226 shares of the home improvement retailer’s stock valued at $206,000 after buying an additional 266 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in shares of Lowe’s Companies by 3.3% in the 4th quarter. Crossmark Global Holdings Inc. now owns 163,288 shares of the home improvement retailer’s stock valued at $15,081,000 after buying an additional 5,184 shares in the last quarter. Parkside Financial Bank & Trust increased its position in shares of Lowe’s Companies by 3.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,733 shares of the home improvement retailer’s stock valued at $345,000 after buying an additional 125 shares in the last quarter. Shelton Capital Management increased its position in shares of Lowe’s Companies by 5.3% in the 4th quarter. Shelton Capital Management now owns 72,888 shares of the home improvement retailer’s stock valued at $6,732,000 after buying an additional 3,700 shares in the last quarter. Finally, Allred Capital Management LLC bought a new stake in shares of Lowe’s Companies in the 4th quarter valued at $694,000. Hedge funds and other institutional investors own 76.79% of the company’s stock.

Shares of Lowe’s Companies stock traded up $1.29 during trading hours on Monday, reaching $102.20. 4,072,483 shares of the company’s stock were exchanged, compared to its average volume of 4,835,155. The business’s 50 day moving average is $99.43. Lowe’s Companies, Inc. has a fifty-two week low of $84.75 and a fifty-two week high of $118.23. The company has a current ratio of 1.09, a quick ratio of 0.24 and a debt-to-equity ratio of 6.37. The firm has a market cap of $79.00 billion, a PE ratio of 19.88, a P/E/G ratio of 1.28 and a beta of 1.36.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, May 22nd. The home improvement retailer reported $1.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.33 by ($0.11). The firm had revenue of $17.74 billion during 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 firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.19 earnings per share. Equities analysts predict that Lowe’s Companies, Inc. will post 5.59 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 7th. Stockholders of record on Wednesday, July 24th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.15%. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Tuesday, July 23rd. Lowe’s Companies’s dividend payout ratio is presently 37.35%.

A number of equities analysts recently weighed in on the stock. Barclays upped their target price on shares of Lowe’s Companies from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Monday, June 24th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Lowe’s Companies in a research note on Friday, May 10th. Cfra reaffirmed a “hold” rating and issued a $105.00 target price on shares of Lowe’s Companies in a research note on Friday, June 14th. Citigroup upped their target price on shares of Lowe’s Companies from $125.00 to $127.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Finally, Telsey Advisory Group reaffirmed 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. Ten research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $113.13.

In other news, EVP Donald Frieson bought 2,030 shares of the company’s stock in a transaction dated Wednesday, June 19th. The shares were bought at an average cost 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Marvin R. Ellison bought 10,000 shares of the company’s stock in a transaction dated Friday, May 24th. The stock was purchased at an average cost of $95.05 per share, for a total transaction of $950,500.00. Following the completion of 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. Over the last ninety days, insiders bought 12,280 shares of company stock worth $1,174,566. 0.07% of the stock is owned by insiders.

Lowe’s Companies Company Profile

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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