Glenview Trust Co boosted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 182,787 shares of the home improvement retailer’s stock after acquiring an additional 270 shares during the period. Lowe’s Companies accounts for 1.2% of Glenview Trust Co’s portfolio, making the stock its 24th largest position. Glenview Trust Co’s holdings in Lowe’s Companies were worth $21,891,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Eagle Global Advisors LLC increased its holdings in Lowe’s Companies by 8.5% in the fourth quarter. Eagle Global Advisors LLC now owns 2,565 shares of the home improvement retailer’s stock valued at $307,000 after purchasing an additional 200 shares during the last quarter. USS Investment Management Ltd acquired a new position in shares of Lowe’s Companies during the 4th quarter worth about $2,730,000. State of Tennessee Treasury Department increased its stake in shares of Lowe’s Companies by 94.8% in the 4th quarter. State of Tennessee Treasury Department now owns 665,373 shares of the home improvement retailer’s stock valued at $79,684,000 after acquiring an additional 323,831 shares during the last quarter. Chase Investment Counsel Corp bought a new stake in shares of Lowe’s Companies in the 4th quarter valued at about $2,495,000. Finally, Illinois Municipal Retirement Fund bought a new stake in shares of Lowe’s Companies in the 4th quarter valued at about $1,454,000. 75.09% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently weighed in on LOW. Wells Fargo & Co lifted their price objective on shares of Lowe’s Companies from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Friday. Guggenheim lifted their price target on shares of Lowe’s Companies from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. reissued a “hold” rating on shares of Lowe’s Companies in a report on Wednesday, November 20th. Nomura upped their price objective on shares of Lowe’s Companies from $132.00 to $137.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, Jefferies Financial Group raised their price objective on Lowe’s Companies from $141.00 to $143.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. Lowe’s Companies presently has a consensus rating of “Buy” and a consensus target price of $130.08.

Lowe’s Companies stock traded up $0.22 during midday trading on Friday, reaching $124.99. The stock had a trading volume of 303,235 shares, compared to its average volume of 3,422,624. The firm’s fifty day simple moving average is $120.50 and its 200-day simple moving average is $113.15. Lowe’s Companies, Inc. has a 1-year low of $91.60 and a 1-year high of $125.27. The stock has a market capitalization of $92.90 billion, a P/E ratio of 33.07, a price-to-earnings-growth ratio of 1.29 and a beta of 1.30. The company has a debt-to-equity ratio of 8.37, a quick ratio of 0.13 and a current ratio of 1.04.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, November 20th. The home improvement retailer reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.06. Lowe’s Companies had a return on equity of 146.62% and a net margin of 4.11%. The business had revenue of $17.39 billion for the quarter, compared to analyst estimates of $17.69 billion. During the same quarter in the prior year, the company posted $1.04 earnings per share. Lowe’s Companies’s revenue was down .2% on a year-over-year basis. On average, sell-side analysts anticipate that Lowe’s Companies, Inc. will post 5.7 earnings per share for the current fiscal year.

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. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.

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

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