Achmea Investment Management B.V. grew its position in Lowe’s Companies, Inc. (NYSE:LOW) by 10.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 122,099 shares of the home improvement retailer’s stock after acquiring an additional 11,411 shares during the period. Achmea Investment Management B.V.’s holdings in Lowe’s Companies were worth $14,015,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Tdam USA Inc. increased its holdings in shares of Lowe’s Companies by 6.9% in the second quarter. Tdam USA Inc. now owns 7,850 shares of the home improvement retailer’s stock valued at $750,000 after purchasing an additional 504 shares in the last quarter. Central Bank & Trust Co. increased its holdings in shares of Lowe’s Companies by 4.3% in the second quarter. Central Bank & Trust Co. now owns 12,351 shares of the home improvement retailer’s stock valued at $1,180,000 after purchasing an additional 511 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Lowe’s Companies by 13.3% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,367 shares of the home improvement retailer’s stock valued at $417,000 after purchasing an additional 511 shares in the last quarter. First Personal Financial Services increased its holdings in shares of Lowe’s Companies by 6.3% in the third quarter. First Personal Financial Services now owns 8,884 shares of the home improvement retailer’s stock valued at $1,020,000 after purchasing an additional 523 shares in the last quarter. Finally, Dillon & Associates Inc. increased its holdings in shares of Lowe’s Companies by 0.7% in the second quarter. Dillon & Associates Inc. now owns 75,416 shares of the home improvement retailer’s stock valued at $7,240,000 after purchasing an additional 535 shares in the last quarter. Institutional investors own 74.59% of the company’s stock.

In other news, CFO Marshall A. Croom sold 15,735 shares of the business’s stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of $114.61, for a total value of $1,803,388.35. Following the completion of the transaction, the chief financial officer now owns 63,099 shares of the company’s stock, valued at approximately $7,231,776.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lisa W. Wardell purchased 273 shares of the firm’s stock in a transaction dated Friday, August 24th. The stock was purchased at an average cost of $107.72 per share, with a total value of $29,407.56. Following the acquisition, the director now directly owns 273 shares in the company, valued at $29,407.56. The disclosure for this purchase can be found here. 0.30% of the stock is owned by insiders.

A number of analysts recently weighed in on LOW shares. Jefferies Financial Group started coverage on shares of Lowe’s Companies in a report on Tuesday, August 21st. They issued a “buy” rating and a $118.00 price target for the company. SunTrust Banks raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a report on Friday, September 28th. Morgan Stanley lifted their target price on shares of Lowe’s Companies from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, October 11th. Robert W. Baird reaffirmed an “outperform” rating and set a $130.00 target price (up previously from $120.00) on shares of Lowe’s Companies in a report on Monday, September 17th. Finally, Wells Fargo & Co reaffirmed a “buy” rating on shares of Lowe’s Companies in a report on Thursday, September 13th. Nine research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $112.41.

Shares of LOW stock opened at $96.82 on Friday. Lowe’s Companies, Inc. has a 12-month low of $77.14 and a 12-month high of $117.70. The firm has a market capitalization of $81.31 billion, a PE ratio of 22.05, a PEG ratio of 1.35 and a beta of 1.52. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.06 and a quick ratio of 0.25.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, August 22nd. The home improvement retailer reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.05. Lowe’s Companies had a net margin of 5.58% and a return on equity of 71.96%. The company had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.79 billion. During the same quarter in the previous year, the business earned $1.57 EPS. The firm’s revenue was up 7.1% on a year-over-year basis. Equities analysts expect that Lowe’s Companies, Inc. will post 5.18 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 6th. Stockholders of record on Wednesday, January 23rd will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.98%. Lowe’s Companies’s dividend payout ratio (DPR) is 43.74%.

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Lowe’s Companies Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal and outdoor living, lawn and garden, paint, millwork, flooring, and kitchens, as well as outdoor power equipment.

Further Reading: The Discount Rate – What You Need to Know

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

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