Balasa Dinverno & Foltz LLC Has $479,000 Holdings in Lowe’s Companies, Inc. (LOW)

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Balasa Dinverno & Foltz LLC raised its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 6.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,184 shares of the home improvement retailer’s stock after acquiring an additional 295 shares during the period. Balasa Dinverno & Foltz LLC’s holdings in Lowe’s Companies were worth $479,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. CI Investments Inc. acquired a new position in shares of Lowe’s Companies in the 3rd quarter valued at about $59,775,000. Somerset Trust Co lifted its stake in shares of Lowe’s Companies by 2.6% in the 4th quarter. Somerset Trust Co now owns 31,709 shares of the home improvement retailer’s stock valued at $2,929,000 after purchasing an additional 814 shares during the period. Greatmark Investment Partners Inc. lifted its stake in shares of Lowe’s Companies by 24.8% in the 4th quarter. Greatmark Investment Partners Inc. now owns 63,221 shares of the home improvement retailer’s stock valued at $5,839,000 after purchasing an additional 12,550 shares during the period. Ironwood Financial llc lifted its stake in shares of Lowe’s Companies by 171.0% in the 4th quarter. Ironwood Financial llc now owns 542 shares of the home improvement retailer’s stock valued at $50,000 after purchasing an additional 342 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position in shares of Lowe’s Companies in the 3rd quarter valued at about $53,176,000. Hedge funds and other institutional investors own 76.55% of the company’s stock.

LOW stock opened at $101.46 on Thursday. Lowe’s Companies, Inc. has a fifty-two week low of $81.16 and a fifty-two week high of $117.70. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.18 and a current ratio of 1.00. The company has a market cap of $77.74 billion, a P/E ratio of 23.11, a PEG ratio of 1.14 and a beta of 1.27.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Tuesday, November 20th. The home improvement retailer reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. Lowe’s Companies had a return on equity of 72.47% and a net margin of 5.19%. The business had revenue of $17.42 billion for the quarter, compared to the consensus estimate of $17.36 billion. During the same period in the prior year, the business earned $1.05 EPS. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, equities research analysts forecast that Lowe’s Companies, Inc. will post 5.11 earnings per share for the current year.

A number of research analysts have recently issued reports on LOW shares. ValuEngine downgraded Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, January 16th. Morgan Stanley dropped their price objective on Lowe’s Companies from $125.00 to $110.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 23rd. Loop Capital set a $125.00 price objective on Lowe’s Companies and gave the company a “buy” rating in a research note on Wednesday, November 21st. Citigroup raised Lowe’s Companies from a “neutral” rating to a “buy” rating and set a $112.00 price objective on the stock in a research note on Tuesday, October 23rd. Finally, Piper Jaffray Companies dropped their price target on Lowe’s Companies from $110.00 to $93.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 21st. Eleven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Lowe’s Companies currently has an average rating of “Buy” and a consensus price target of $111.36.

In related news, Director Brian C. Rogers acquired 10,000 shares of the firm’s stock in a transaction on Friday, November 23rd. The stock was purchased at an average cost of $88.02 per share, with a total value of $880,200.00. Following the acquisition, the director now owns 10,000 shares of the company’s stock, valued at approximately $880,200. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.30% of the company’s stock.

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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.

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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).

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

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