Parametric Portfolio Associates LLC Has $269.96 Million Stake in Lowe’s Companies, Inc. (LOW)

Parametric Portfolio Associates LLC lifted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 94.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,482,003 shares of the home improvement retailer’s stock after acquiring an additional 1,688,392 shares during the quarter. Parametric Portfolio Associates LLC owned 0.41% of Lowe’s Companies worth $269,960,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. lifted its holdings in shares of Lowe’s Companies by 0.4% in the 1st quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock worth $101,000 after acquiring an additional 5 shares during the last quarter. Harbour Capital Advisors LLC bought a new stake in shares of Lowe’s Companies in the 1st quarter worth about $103,000. Hanson McClain Inc. lifted its holdings in shares of Lowe’s Companies by 3.5% in the 1st quarter. Hanson McClain Inc. now owns 1,337 shares of the home improvement retailer’s stock worth $110,000 after acquiring an additional 45 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Lowe’s Companies by 8.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 1,440 shares of the home improvement retailer’s stock worth $111,000 after acquiring an additional 110 shares during the last quarter. Finally, Balentine LLC bought a new stake in shares of Lowe’s Companies in the 1st quarter worth about $120,000. Hedge funds and other institutional investors own 74.38% of the company’s stock.

Several equities research analysts have recently issued reports on LOW shares. Bank of America Corporation started coverage on shares of Lowe’s Companies in a report on Tuesday, September 5th. They issued a “buy” rating and a $95.00 target price for the company. Zacks Investment Research lowered shares of Lowe’s Companies from a “hold” rating to a “sell” rating in a report on Monday, August 28th. Stifel Nicolaus reiterated a “buy” rating and set a $87.00 price objective on shares of Lowe’s Companies in a report on Friday, July 21st. Oppenheimer Holdings, Inc. set a $100.00 price objective on shares of Lowe’s Companies and gave the company a “buy” rating in a report on Wednesday, August 23rd. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $90.00 price objective (up previously from $85.00) on shares of Lowe’s Companies in a report on Friday, October 6th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the company. Lowe’s Companies presently has a consensus rating of “Hold” and an average target price of $85.62.

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Lowe’s Companies, Inc. (NYSE:LOW) opened at $77.49 on Monday. The company has a current ratio of 1.03, a quick ratio of 0.19 and a debt-to-equity ratio of 2.85. The firm has a market cap of $64,859.13, a price-to-earnings ratio of 17.85, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. Lowe’s Companies, Inc. has a 12-month low of $65.12 and a 12-month high of $86.25.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.62 by ($0.05). The company had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.58 billion. Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. The business’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.37 earnings per share. equities analysts predict that Lowe’s Companies, Inc. will post 4.5 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.12%. Lowe’s Companies’s dividend payout ratio is presently 46.20%.

In other news, SVP Matthew V. Hollifield sold 7,853 shares of the company’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $78.30, for a total transaction of $614,889.90. Following the completion of the sale, the senior vice president now owns 30,750 shares of the company’s stock, valued at $2,407,725. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Paul D. Ramsay sold 2,098 shares of the company’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $78.02, for a total transaction of $163,685.96. Following the sale, the insider now directly owns 8,400 shares of the company’s stock, valued at approximately $655,368. The disclosure for this sale can be found here. Corporate insiders own 0.11% of the company’s stock.

About Lowe’s Companies

Lowe’s Companies, Inc (Lowe’s) is a home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens.

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Institutional Ownership by Quarter for Lowe`s Companies (NYSE:LOW)

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