Putnam FL Investment Management Co. lessened its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW) by 4.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 196,978 shares of the home improvement retailer’s stock after selling 10,175 shares during the quarter. Lowe's Companies makes up 1.7% of Putnam FL Investment Management Co.’s portfolio, making the stock its 14th biggest position. Putnam FL Investment Management Co.’s holdings in Lowe's Companies were worth $18,307,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in LOW. Summit Global Investments purchased a new stake in Lowe's Companies in the second quarter worth $1,421,000. Glenview State Bank Trust DEPT. purchased a new stake in Lowe's Companies in the fourth quarter worth $204,000. Ffcm LLC grew its stake in Lowe's Companies by 6.4% in the second quarter. Ffcm LLC now owns 30,895 shares of the home improvement retailer’s stock worth $2,395,000 after purchasing an additional 1,853 shares during the period. Burney Co. grew its stake in Lowe's Companies by 3.9% in the second quarter. Burney Co. now owns 145,724 shares of the home improvement retailer’s stock worth $11,162,000 after purchasing an additional 5,453 shares during the period. Finally, PGGM Investments grew its stake in Lowe's Companies by 45.8% in the third quarter. PGGM Investments now owns 986,226 shares of the home improvement retailer’s stock worth $78,839,000 after purchasing an additional 309,870 shares during the period. Institutional investors own 72.41% of the company’s stock.

Shares of Lowe's Companies, Inc. (NYSE:LOW) opened at $97.78 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 0.12 and a debt-to-equity ratio of 2.71. Lowe's Companies, Inc. has a 12-month low of $70.76 and a 12-month high of $108.98. The company has a market capitalization of $80,627.83, a price-to-earnings ratio of 21.55, a P/E/G ratio of 0.91 and a beta of 1.19.

Lowe's Companies (NYSE:LOW) last released its quarterly earnings data on Tuesday, November 21st. The home improvement retailer reported $1.05 EPS for the quarter, beating the 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 company had revenue of $16.77 billion for the quarter, compared to analysts’ expectations of $16.59 billion. During the same period last year, the firm posted $0.88 earnings per share. Lowe's Companies’s revenue was up 6.6% compared to the same quarter last year. research analysts predict that Lowe's Companies, Inc. will post 4.53 EPS for the current fiscal year.

Lowe's Companies announced that its board has approved a stock repurchase plan on Friday, January 26th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the home improvement retailer to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its stock is undervalued.

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

Several equities research analysts recently weighed in on the company. Jefferies Group raised Lowe's Companies from a “hold” rating to a “buy” rating and upped their price target for the stock from $81.00 to $129.00 in a research note on Monday, February 5th. Zacks Investment Research raised Lowe's Companies from a “hold” rating to a “buy” rating and set a $116.00 target price on the stock in a research note on Friday, February 2nd. Telsey Advisory Group raised Lowe's Companies from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $83.00 to $124.00 in a research note on Thursday, January 25th. Stifel Nicolaus reissued a “buy” rating and issued a $124.00 target price (up from $103.00) on shares of Lowe's Companies in a research note on Wednesday, January 24th. Finally, Morgan Stanley set a $115.00 target price on Lowe's Companies and gave the stock a “buy” rating in a research note on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-three have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $96.35.

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Lowe's Companies Company 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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