Lowe’s Companies, Inc. (LOW) Holdings Trimmed by Boston Common Asset Management LLC
Boston Common Asset Management LLC lowered its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,675 shares of the home improvement retailer’s stock after selling 2,410 shares during the period. Boston Common Asset Management LLC’s holdings in Lowe’s Companies were worth $6,022,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Vantage Financial Partners Ltd. Inc. purchased a new position in Lowe’s Companies during the second quarter worth approximately $233,000. SRS Capital Advisors Inc. raised its stake in Lowe’s Companies by 0.4% during the first quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock worth $101,000 after purchasing an additional 5 shares during the period. Harbour Capital Advisors LLC purchased a new position in Lowe’s Companies during the first quarter worth approximately $103,000. State of Alaska Department of Revenue raised its stake in Lowe’s Companies by 8.3% during the second quarter. State of Alaska Department of Revenue now owns 1,440 shares of the home improvement retailer’s stock worth $111,000 after purchasing an additional 110 shares during the period. Finally, Balentine LLC purchased a new position in Lowe’s Companies during the first quarter worth approximately $120,000. 74.38% of the stock is currently owned by institutional investors.
LOW has been the topic of a number of recent analyst reports. Bank of America Corporation initiated coverage on shares of Lowe’s Companies in a research note on Tuesday, September 5th. They issued a “buy” rating and a $95.00 target price on the stock. Zacks Investment Research downgraded shares of Lowe’s Companies from a “hold” rating to a “sell” rating in a research note on Monday, August 28th. Stifel Nicolaus reissued a “buy” rating and issued a $87.00 target price on shares of Lowe’s Companies in a research note on Friday, July 21st. Oppenheimer Holdings, Inc. set a $100.00 target price on shares of Lowe’s Companies and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $90.00 target price (up previously from $85.00) on shares of Lowe’s Companies in a research note on Friday, October 6th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $85.62.
Lowe’s Companies, Inc. (NYSE LOW) opened at $80.22 on Friday. The firm has a market cap of $66,810.00, a price-to-earnings ratio of 18.26, a price-to-earnings-growth ratio of 1.27 and a beta of 1.13. The company has a current ratio of 1.03, a quick ratio of 0.19 and a debt-to-equity ratio of 2.85. Lowe’s Companies, Inc. has a fifty-two week low of $67.77 and a fifty-two week high of $86.25.
Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($0.05). Lowe’s Companies had a net margin of 4.51% and a return on equity of 62.02%. The business had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.58 billion. During the same period last year, the firm posted $1.37 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. sell-side analysts predict that Lowe’s Companies, Inc. will post 4.5 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Stockholders of record on Wednesday, January 24th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend is Tuesday, January 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 46.20%.
In other news, insider Paul D. Ramsay sold 2,098 shares of Lowe’s Companies stock in a transaction dated Tuesday, September 19th. The shares were 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 directly owns 8,400 shares of the company’s stock, valued at approximately $655,368. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Matthew V. Hollifield sold 7,853 shares of Lowe’s Companies stock in a transaction dated 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 transaction, the senior vice president now directly owns 30,750 shares of the company’s stock, valued at $2,407,725. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This report was originally reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this report on another site, it was stolen and republished in violation of U.S. and international copyright and trademark legislation. The original version of this report can be accessed at https://theolympiareport.com/2017/11/18/lowes-companies-inc-low-holdings-trimmed-by-boston-common-asset-management-llc.html.
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.
Want to see what other hedge funds are holding LOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lowe’s Companies, Inc. (NYSE:LOW).
Receive News & Ratings for Lowe's Companies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.