Intact Investment Management Inc. Buys 12,600 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Intact Investment Management Inc. increased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 180.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,600 shares of the home improvement retailer’s stock after buying an additional 12,600 shares during the period. Intact Investment Management Inc.’s holdings in Lowe’s Companies were worth $3,801,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its position in shares of Lowe’s Companies by 46.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,075,093 shares of the home improvement retailer’s stock valued at $584,821,000 after acquiring an additional 973,815 shares during the period. Nordea Investment Management AB increased its stake in Lowe’s Companies by 98.2% during the 1st quarter. Nordea Investment Management AB now owns 1,727,274 shares of the home improvement retailer’s stock valued at $330,134,000 after purchasing an additional 855,801 shares in the last quarter. Schroder Investment Management Group grew its stake in shares of Lowe’s Companies by 48.0% in the 1st quarter. Schroder Investment Management Group now owns 2,274,496 shares of the home improvement retailer’s stock worth $432,562,000 after acquiring an additional 737,839 shares in the last quarter. Neuberger Berman Group LLC grew its stake in shares of Lowe’s Companies by 128.5% in the 1st quarter. Neuberger Berman Group LLC now owns 1,113,951 shares of the home improvement retailer’s stock worth $211,332,000 after acquiring an additional 626,462 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Lowe’s Companies by 9.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 7,053,442 shares of the home improvement retailer’s stock worth $1,341,424,000 after acquiring an additional 586,207 shares in the last quarter. Institutional investors and hedge funds own 72.80% of the company’s stock.

Lowe’s Companies stock opened at $207.87 on Monday. The stock has a 50-day moving average of $199.80 and a two-hundred day moving average of $195.46. The company has a debt-to-equity ratio of 49.23, a quick ratio of 0.36 and a current ratio of 1.16. Lowe’s Companies, Inc. has a one year low of $146.72 and a one year high of $215.22. The stock has a market cap of $143.94 billion, a PE ratio of 21.45, a price-to-earnings-growth ratio of 1.26 and a beta of 1.34.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Tuesday, August 17th. The home improvement retailer reported $4.25 EPS for the quarter, beating analysts’ consensus estimates of $4.01 by $0.24. The company had revenue of $27.57 billion during the quarter, compared to analysts’ expectations of $26.76 billion. Lowe’s Companies had a return on equity of 541.39% and a net margin of 7.41%. The firm’s revenue was up 1.0% compared to the same quarter last year. During the same period last year, the business posted $3.75 earnings per share. As a group, sell-side analysts predict that Lowe’s Companies, Inc. will post 11.26 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 3rd. Stockholders of record on Wednesday, October 20th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Tuesday, October 19th. Lowe’s Companies’s dividend payout ratio is presently 36.12%.

Several equities research analysts have commented on the stock. TheStreet downgraded shares of Lowe’s Companies from a “b” rating to a “c+” rating in a report on Wednesday, August 18th. Zacks Investment Research cut shares of Lowe’s Companies from a “hold” rating to a “sell” rating and set a $205.00 price target on the stock. in a research report on Wednesday, July 28th. Morgan Stanley increased their price target on shares of Lowe’s Companies from $230.00 to $240.00 and gave the company an “overweight” rating in a research report on Tuesday, August 31st. Wedbush cut shares of Lowe’s Companies from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $225.00 to $210.00 in a report on Monday, July 26th. Finally, OTR Global cut shares of Lowe’s Companies to a “positive” rating in a report on Tuesday, August 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, Lowe’s Companies presently has an average rating of “Buy” and an average target price of $216.26.

Lowe’s Companies Company Profile

Lowe’s Cos., Inc engages in the retail sale of home improvement products. The firm offers products for maintenance, repair, remodelling, home decorating and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows and doors.

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

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