Donaldson Capital Management LLC bought a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,116 shares of the home improvement retailer’s stock, valued at approximately $343,000.
A number of other hedge funds have also bought and sold shares of LOW. Nuveen Asset Management LLC raised its stake in shares of Lowe’s Companies by 6,680.1% during the second quarter. Nuveen Asset Management LLC now owns 6,312,448 shares of the home improvement retailer’s stock worth $636,989,000 after purchasing an additional 6,219,346 shares during the last quarter. Viking Global Investors LP acquired a new position in shares of Lowe’s Companies during the 2nd quarter worth about $139,358,000. Prudential PLC lifted its position in shares of Lowe’s Companies by 456.1% during the 2nd quarter. Prudential PLC now owns 1,222,183 shares of the home improvement retailer’s stock worth $123,440,000 after purchasing an additional 1,002,390 shares during the last quarter. Eaton Vance Management lifted its position in shares of Lowe’s Companies by 49.9% during the 2nd quarter. Eaton Vance Management now owns 2,366,912 shares of the home improvement retailer’s stock worth $238,844,000 after purchasing an additional 788,392 shares during the last quarter. Finally, Nomura Holdings Inc. lifted its position in shares of Lowe’s Companies by 3,951.6% during the 2nd quarter. Nomura Holdings Inc. now owns 658,582 shares of the home improvement retailer’s stock worth $67,380,000 after purchasing an additional 642,327 shares during the last quarter. Hedge funds and other institutional investors own 76.35% of the company’s stock.
LOW has been the subject of a number of research reports. Jefferies Financial Group set a $125.00 target price on Lowe’s Companies and gave the stock a “buy” rating in a report on Monday, August 26th. Nomura started coverage on Lowe’s Companies in a report on Friday. They issued a “buy” rating and a $132.00 price objective for the company. KeyCorp restated an “overweight” rating and issued a $125.00 price objective (up previously from $120.00) on shares of Lowe’s Companies in a report on Thursday, August 22nd. Wells Fargo & Co raised their target price 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. Finally, Robert W. Baird set a $127.00 target price on shares of Lowe’s Companies and gave the company a “buy” rating in a research note on Wednesday, August 21st. Seven analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. Lowe’s Companies has a consensus rating of “Buy” and an average target price of $123.20.
NYSE:LOW traded up $1.38 during mid-day trading on Friday, reaching $113.98. The stock had a trading volume of 2,256,843 shares, compared to its average volume of 2,940,965. The stock has a 50-day simple moving average of $110.68 and a two-hundred day simple moving average of $105.70. The stock has a market capitalization of $86.60 billion, a PE ratio of 22.18, a P/E/G ratio of 1.47 and a beta of 1.29. The company has a debt-to-equity ratio of 7.80, a current ratio of 1.06 and a quick ratio of 0.19. Lowe’s Companies, Inc. has a 12 month low of $84.75 and a 12 month high of $118.23.
Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, August 21st. The home improvement retailer reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.15. The business had revenue of $20.99 billion for the quarter, compared to analysts’ expectations of $20.96 billion. Lowe’s Companies had a net margin of 3.52% and a return on equity of 111.09%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the firm posted $2.07 earnings per share. Equities analysts expect that Lowe’s Companies, Inc. will post 5.67 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were paid a $0.55 dividend. The ex-dividend date was Tuesday, October 22nd. This represents a $2.20 dividend on an annualized basis and a yield of 1.93%. Lowe’s Companies’s dividend payout ratio (DPR) is 42.80%.
Lowe’s Companies 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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