Tredje AP fonden lifted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 12.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,593 shares of the home improvement retailer’s stock after purchasing an additional 6,059 shares during the period. Tredje AP fonden’s holdings in Lowe’s Companies were worth $4,325,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the company. Cordasco Financial Network bought a new position in shares of Lowe’s Companies in the 1st quarter worth about $25,000. Benjamin Edwards Inc. increased its stake in shares of Lowe’s Companies by 43.0% in the 1st quarter. Benjamin Edwards Inc. now owns 296 shares of the home improvement retailer’s stock worth $25,000 after acquiring an additional 89 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in shares of Lowe’s Companies by 146.3% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 303 shares of the home improvement retailer’s stock worth $26,000 after acquiring an additional 180 shares in the last quarter. Filbrandt Wealth Management LLC bought a new position in shares of Lowe’s Companies in the 4th quarter worth about $29,000. Finally, Islay Capital Management LLC bought a new position in shares of Lowe’s Companies in the 4th quarter worth about $30,000. 76.15% of the stock is owned by hedge funds and other institutional investors.
Shares of LOW traded up $1.61 on Friday, reaching $122.25. The company’s stock had a trading volume of 6,063,492 shares, compared to its average volume of 6,207,421. The company has a debt-to-equity ratio of 14.05, a current ratio of 1.20 and a quick ratio of 0.14. The stock has a market capitalization of $91.08 billion, a P/E ratio of 20.65, a PEG ratio of 1.33 and a beta of 1.38. The stock’s 50 day simple moving average is $101.42 and its two-hundred day simple moving average is $110.02. Lowe’s Companies, Inc. has a 12-month low of $60.00 and a 12-month high of $126.73.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 6th. Investors of record on Wednesday, April 22nd were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend was Tuesday, April 21st. Lowe’s Companies’s payout ratio is 38.46%.
In other Lowe’s Companies news, CEO Marvin R. Ellison acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The shares were bought at an average price of $103.86 per share, with a total value of $1,038,600.00. Following the completion of the acquisition, the chief executive officer now owns 90,090 shares in the company, valued at approximately $9,356,747.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.07% of the company’s stock.
LOW has been the subject of several research reports. Stifel Nicolaus upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating and increased their price target for the stock from $94.00 to $149.00 in a research note on Wednesday. Loop Capital increased their price target on shares of Lowe’s Companies from $105.00 to $140.00 in a research note on Thursday. TheStreet upgraded shares of Lowe’s Companies from a “c+” rating to a “b-” rating in a research note on Monday, May 11th. Guggenheim restated a “buy” rating and set a $135.00 price objective on shares of Lowe’s Companies in a research note on Wednesday. Finally, Zacks Investment Research lowered shares of Lowe’s Companies from a “hold” rating to a “sell” rating and set a $108.00 price objective for the company. in a research note on Tuesday, April 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $132.54.
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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