Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Royce & Associates LP

Royce & Associates LP decreased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 59.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,500 shares of the home improvement retailer’s stock after selling 51,000 shares during the period. Royce & Associates LP’s holdings in Lowe’s Companies were worth $3,777,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Lowe’s Companies stock traded up $1.29 during trading on Monday, hitting $102.20. The company’s stock had a trading volume of 4,072,483 shares, compared to its average volume of 4,835,155. The stock has a market capitalization of $79.00 billion, a PE ratio of 19.88, a price-to-earnings-growth ratio of 1.28 and a beta of 1.36. The stock has a fifty day moving average price of $99.43. Lowe’s Companies, Inc. has a 1-year low of $84.75 and a 1-year high of $118.23. The company has a debt-to-equity ratio of 6.37, a current ratio of 1.09 and a quick ratio of 0.24.

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

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th will be paid a dividend of $0.55 per share. The ex-dividend date is Tuesday, July 23rd. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.48. This represents a $2.20 annualized dividend and a yield of 2.15%. Lowe’s Companies’s dividend payout ratio is currently 37.35%.

In other news, EVP Donald Frieson purchased 2,030 shares of the company’s stock in a transaction on Wednesday, June 19th. The stock was bought at an average cost 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 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 bought 10,000 shares of the stock in a transaction dated Friday, May 24th. The stock was bought at an average price of $95.05 per share, with a total value of $950,500.00. Following the purchase, the insider now 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. Insiders have acquired 12,280 shares of company stock valued at $1,174,566 over the last 90 days. 0.07% of the stock is currently owned by insiders.

Several analysts have recently issued reports on the company. Zacks Investment Research upgraded Lowe’s Companies from a “sell” rating to a “hold” rating in a research report on Thursday, May 16th. Robert W. Baird restated an “outperform” rating and issued a $127.00 price objective (down from $133.00) on shares of Lowe’s Companies in a research report on Wednesday, May 22nd. Telsey Advisory Group restated an “outperform” rating and issued a $116.00 price objective (down from $126.00) on shares of Lowe’s Companies in a research report on Thursday, May 23rd. Morgan Stanley set a $123.00 price objective on Lowe’s Companies and gave the company a “buy” rating in a research report on Thursday, May 23rd. Finally, UBS Group reduced their price objective on Lowe’s Companies from $125.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. Ten equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $113.13.

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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