Lowe’s Companies, Inc. (NYSE:LOW) Stake Lessened by City Holding Co.

Share on StockTwits

City Holding Co. reduced its position in Lowe’s Companies, Inc. (NYSE:LOW) by 0.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 58,598 shares of the home improvement retailer’s stock after selling 215 shares during the period. Lowe’s Companies makes up about 1.7% of City Holding Co.’s investment portfolio, making the stock its 6th biggest position. City Holding Co.’s holdings in Lowe’s Companies were worth $6,443,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in LOW. Canada Pension Plan Investment Board lifted its position in Lowe’s Companies by 11.5% during the second quarter. Canada Pension Plan Investment Board now owns 786,970 shares of the home improvement retailer’s stock valued at $79,413,000 after purchasing an additional 81,426 shares in the last quarter. JNBA Financial Advisors bought a new stake in Lowe’s Companies during the second quarter valued at about $40,000. Nuveen Asset Management LLC raised its holdings in Lowe’s Companies by 6,680.1% during the second quarter. Nuveen Asset Management LLC now owns 6,312,448 shares of the home improvement retailer’s stock valued at $636,989,000 after acquiring an additional 6,219,346 shares during the period. Carnick & Kubik Group LLC raised its holdings in Lowe’s Companies by 1.5% during the second quarter. Carnick & Kubik Group LLC now owns 20,915 shares of the home improvement retailer’s stock valued at $2,111,000 after acquiring an additional 310 shares during the period. Finally, Fagan Associates Inc. raised its holdings in Lowe’s Companies by 3.1% during the second quarter. Fagan Associates Inc. now owns 67,100 shares of the home improvement retailer’s stock valued at $6,771,000 after acquiring an additional 2,043 shares during the period. Hedge funds and other institutional investors own 76.31% of the company’s stock.

Shares of LOW stock traded up $1.90 during trading hours on Tuesday, hitting $112.57. The stock had a trading volume of 2,058,550 shares, compared to its average volume of 3,863,647. Lowe’s Companies, Inc. has a one year low of $84.75 and a one year high of $118.23. The company has a debt-to-equity ratio of 7.80, a current ratio of 1.06 and a quick ratio of 0.19. The stock’s 50-day moving average price is $110.76 and its two-hundred day moving average price is $105.86. The stock has a market capitalization of $85.52 billion, a price-to-earnings ratio of 21.90, a PEG ratio of 1.40 and a beta of 1.30.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, August 21st. The home improvement retailer reported $2.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.00 by $0.15. Lowe’s Companies had a return on equity of 111.09% and a net margin of 3.52%. The firm had revenue of $20.99 billion for the quarter, compared to analysts’ expectations of $20.96 billion. During the same period in the previous year, the firm posted $2.07 earnings per share. The business’s revenue was up .5% compared to the same quarter last year. As a group, equities research analysts predict that Lowe’s Companies, Inc. will post 5.67 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd will be issued a $0.55 dividend. The ex-dividend date is Tuesday, October 22nd. This represents a $2.20 annualized dividend and a dividend yield of 1.95%. Lowe’s Companies’s dividend payout ratio (DPR) is 42.80%.

In other Lowe’s Companies news, EVP Jennifer L. Weber sold 12,589 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $112.62, for a total transaction of $1,417,773.18. Following the sale, the executive vice president now directly owns 17,440 shares of the company’s stock, valued at $1,964,092.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Matthew V. Hollifield sold 12,136 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $112.34, for a total value of $1,363,358.24. Following the sale, the chief accounting officer now directly owns 28,017 shares in the company, valued at $3,147,429.78. The disclosure for this sale can be found here. Insiders own 0.07% of the company’s stock.

A number of equities research analysts have commented on the company. Raymond James cut Lowe’s Companies from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. Wells Fargo & Co set a $125.00 price target on Lowe’s Companies and gave the company a “buy” rating in a report on Monday, September 30th. Morgan Stanley raised their price target on Lowe’s Companies from $123.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Royal Bank of Canada raised their price target on Lowe’s Companies from $123.00 to $129.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Finally, Citigroup raised their price target on Lowe’s Companies from $122.00 to $137.00 and gave the company a “buy” rating in a report on Friday, September 13th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Lowe’s Companies has an average rating of “Buy” and an average target price of $120.96.

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.

Recommended Story: Is it Safe to Invest in Commodities?

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)

Receive News & Ratings for Lowe's Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.