Ballentine Partners LLC lifted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 3.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,588 shares of the home improvement retailer’s stock after acquiring an additional 163 shares during the period. Ballentine Partners LLC’s holdings in Lowe’s Companies were worth $612,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the stock. Clarfeld Financial Advisors LLC acquired a new stake in shares of Lowe’s Companies in the fourth quarter valued at $26,000. Advisors Preferred LLC purchased a new position in Lowe’s Companies during the first quarter valued at approximately $26,000. Prime Capital Investment Advisors LLC purchased a new position in Lowe’s Companies during the first quarter valued at approximately $33,000. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its holdings in Lowe’s Companies by 117.4% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 337 shares of the home improvement retailer’s stock valued at $36,000 after buying an additional 182 shares during the period. Finally, Lee Financial Co grew its holdings in Lowe’s Companies by 54.3% in the first quarter. Lee Financial Co now owns 358 shares of the home improvement retailer’s stock worth $39,000 after purchasing an additional 126 shares during the last quarter. 76.79% of the stock is owned by institutional investors.
NYSE:LOW traded up $1.29 during trading hours on Monday, reaching $102.20. The stock had a trading volume of 4,072,483 shares, compared to its average volume of 4,835,155. 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 stock has a 50 day moving average of $99.43. Lowe’s Companies, Inc. has a 12-month low of $84.75 and a 12-month high of $118.23. The firm has a market capitalization of $79.00 billion, a PE ratio of 19.88, a P/E/G ratio of 1.28 and a beta of 1.36.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 7th. Investors of record on Wednesday, July 24th will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Tuesday, July 23rd. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.48. Lowe’s Companies’s payout ratio is 37.35%.
LOW has been the topic of a number of recent research reports. Evercore ISI initiated coverage on shares of Lowe’s Companies in a research report on Wednesday, March 20th. They set an “outperform” rating and a $120.00 price target on the stock. Zacks Investment Research cut Lowe’s Companies from a “hold” rating to a “sell” rating in a research report on Monday, May 6th. Citigroup lifted their price target on Lowe’s Companies from $125.00 to $127.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Telsey Advisory Group reiterated an “outperform” rating and issued a $116.00 price target (down from $126.00) on shares of Lowe’s Companies in a research report on Thursday, May 23rd. Finally, Morgan Stanley set a $123.00 price objective on Lowe’s Companies and gave the company a “buy” rating 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 company. Lowe’s Companies presently has an average rating of “Buy” and a consensus target price of $113.13.
In other news, EVP Donald Frieson acquired 2,030 shares of the company’s stock in a transaction that occurred on Wednesday, June 19th. The shares were purchased at an average price of $98.69 per share, for a total transaction of $200,340.70. Following the completion of the acquisition, the executive vice president now owns 10,980 shares of the company’s stock, valued at approximately $1,083,616.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Marvin R. Ellison acquired 10,000 shares of Lowe’s Companies stock in a transaction dated Friday, May 24th. The stock was acquired at an average cost of $95.05 per share, with a total value of $950,500.00. Following the completion of the transaction, the insider now directly owns 80,090 shares of the company’s stock, valued at approximately $7,612,554.50. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 12,280 shares of company stock valued at $1,174,566. Insiders own 0.07% of the company’s stock.
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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