Lowe's Companies, Inc. (LOW) Shares Sold by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt lessened its holdings in Lowe's Companies, Inc. (NYSE:LOW) by 17.2% during the 4th quarter, Holdings Channel reports. The firm owned 21,602 shares of the home improvement retailer’s stock after selling 4,500 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Lowe's Companies were worth $2,008,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Lowe's Companies by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 64,769,014 shares of the home improvement retailer’s stock valued at $5,021,542,000 after purchasing an additional 897,911 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Lowe's Companies by 40.3% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,144,020 shares of the home improvement retailer’s stock valued at $1,210,613,000 after purchasing an additional 4,351,830 shares during the last quarter. FMR LLC raised its position in shares of Lowe's Companies by 62.6% in the 2nd quarter. FMR LLC now owns 9,694,439 shares of the home improvement retailer’s stock valued at $751,610,000 after acquiring an additional 3,732,153 shares during the period. Ameriprise Financial Inc. raised its position in shares of Lowe's Companies by 0.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 9,281,474 shares of the home improvement retailer’s stock valued at $719,560,000 after acquiring an additional 64,780 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Lowe's Companies by 2.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 8,332,702 shares of the home improvement retailer’s stock valued at $666,117,000 after acquiring an additional 229,746 shares during the period. 72.48% of the stock is currently owned by institutional investors.

Shares of Lowe's Companies, Inc. (NYSE:LOW) opened at $104.95 on Monday. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.12 and a current ratio of 1.02. The company has a market cap of $87,083.37, a P/E ratio of 25.17, a price-to-earnings-growth ratio of 1.57 and a beta of 1.14. Lowe's Companies, Inc. has a fifty-two week low of $70.76 and a fifty-two week high of $105.60.

Lowe's Companies (NYSE:LOW) last announced its earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 EPS for the quarter, topping the consensus estimate of $1.02 by $0.03. The firm had revenue of $16.77 billion for the quarter, compared to the consensus estimate of $16.59 billion. Lowe's Companies had a net margin of 5.16% and a return on equity of 66.27%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the company posted $0.88 EPS. equities analysts anticipate that Lowe's Companies, Inc. will post 4.52 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th will be issued a dividend of $0.41 per share. The ex-dividend date is Tuesday, January 23rd. This represents a $1.64 annualized dividend and a yield of 1.56%. Lowe's Companies’s dividend payout ratio (DPR) is currently 39.33%.

In other news, insider Nelson B. Peace sold 3,352 shares of Lowe's Companies stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $80.20, for a total value of $268,830.40. Following the sale, the insider now directly owns 4,650 shares in the company, valued at $372,930. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.11% of the company’s stock.

A number of brokerages recently weighed in on LOW. BTIG Research increased their price target on shares of Lowe's Companies to $115.00 and gave the company a “buy” rating in a research report on Friday. Credit Suisse Group set a $116.00 price target on shares of Lowe's Companies and gave the company a “buy” rating in a research report on Tuesday, January 16th. Consumer Edge upgraded shares of Lowe's Companies from a “neutral” rating to an “outperform” rating in a research report on Tuesday, January 16th. Zelman & Associates downgraded shares of Lowe's Companies from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Finally, Barclays upgraded shares of Lowe's Companies from an “equal weight” rating to an “overweight” rating in a research report on Friday, January 5th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty have assigned a buy rating to the stock. Lowe's Companies has an average rating of “Buy” and an average price target of $90.28.

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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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