Lowe’s Companies, Inc. (LOW) Stake Increased by First Trust Advisors LP

First Trust Advisors LP lifted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 26.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 460,861 shares of the home improvement retailer’s stock after purchasing an additional 97,481 shares during the quarter. First Trust Advisors LP owned about 0.06% of Lowe’s Companies worth $36,841,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Stratos Wealth Partners LTD. lifted its position in Lowe’s Companies by 8.7% during the 1st quarter. Stratos Wealth Partners LTD. now owns 20,725 shares of the home improvement retailer’s stock worth $1,704,000 after acquiring an additional 1,659 shares during the period. FMR LLC lifted its position in Lowe’s Companies by 8.0% during the 1st quarter. FMR LLC now owns 5,962,286 shares of the home improvement retailer’s stock worth $490,160,000 after acquiring an additional 439,861 shares during the period. Systematic Financial Management LP lifted its position in Lowe’s Companies by 165.2% during the 1st quarter. Systematic Financial Management LP now owns 26,255 shares of the home improvement retailer’s stock worth $2,158,000 after acquiring an additional 16,355 shares during the period. FIL Ltd lifted its position in Lowe’s Companies by 7.2% during the 1st quarter. FIL Ltd now owns 1,816,865 shares of the home improvement retailer’s stock worth $149,364,000 after acquiring an additional 122,466 shares during the period. Finally, Bernicke Wealth Management Ltd. acquired a new stake in Lowe’s Companies during the 1st quarter worth about $280,000. 73.29% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies, Inc. (NYSE LOW) traded down $1.73 during midday trading on Wednesday, hitting $86.31. The company’s stock had a trading volume of 9,665,900 shares, compared to its average volume of 5,924,166. The stock has a market cap of $73,161.24, a price-to-earnings ratio of 19.52, a P/E/G ratio of 1.41 and a beta of 1.15. Lowe’s Companies, Inc. has a twelve month low of $70.49 and a twelve month high of $88.55. The company has a debt-to-equity ratio of 2.71, a current ratio of 1.02 and a quick ratio of 0.12.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.03. Lowe’s Companies had a return on equity of 66.27% and a net margin of 5.16%. The firm had revenue of $16.77 billion during the quarter, compared to analyst estimates of $16.59 billion. During the same quarter in the previous year, the business earned $0.88 EPS. Lowe’s Companies’s revenue for the quarter was up 6.6% compared to the same quarter last year. sell-side analysts expect that Lowe’s Companies, Inc. will post 4.51 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Investors of record on Wednesday, January 24th will be paid a $0.41 dividend. The ex-dividend date is Tuesday, January 23rd. This represents a $1.64 annualized dividend and a dividend yield of 1.90%. Lowe’s Companies’s dividend payout ratio is presently 39.33%.

In related news, insider Paul D. Ramsay sold 2,098 shares of Lowe’s Companies stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $78.02, for a total value of $163,685.96. Following the completion of the transaction, the insider now owns 8,400 shares in the company, valued at approximately $655,368. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Nelson B. Peace sold 3,352 shares of Lowe’s Companies stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $80.20, for a total value of $268,830.40. Following the completion of the transaction, the insider now owns 4,650 shares of the company’s stock, valued at approximately $372,930. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,303 shares of company stock valued at $1,047,406. 0.11% of the stock is owned by company insiders.

A number of analysts have commented on LOW shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $84.00 price target on shares of Lowe’s Companies in a research report on Tuesday, November 7th. Bank of America started coverage on Lowe’s Companies in a research report on Tuesday, September 5th. They set a “buy” rating and a $95.00 price target for the company. Zacks Investment Research cut Lowe’s Companies from a “hold” rating to a “sell” rating in a research report on Monday, August 28th. Oppenheimer set a $100.00 price target on Lowe’s Companies and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. Finally, Deutsche Bank reaffirmed a “buy” rating and set a $90.00 price target (up previously from $85.00) on shares of Lowe’s Companies in a research report on Friday, October 6th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and sixteen have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $87.40.

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Lowe’s Companies Profile

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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