Lowe’s Companies, Inc. (LOW) Holdings Raised by Ajo LP

Ajo LP raised its position in Lowe’s Companies, Inc. (NYSE:LOW) by 554.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 140,091 shares of the home improvement retailer’s stock after acquiring an additional 118,676 shares during the period. Ajo LP’s holdings in Lowe’s Companies were worth $10,861,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Waldron LP acquired a new stake in shares of Lowe’s Companies during the first quarter worth $364,000. Empire Life Investments Inc. acquired a new stake in shares of Lowe’s Companies during the first quarter worth $17,350,000. NEXT Financial Group Inc lifted its stake in shares of Lowe’s Companies by 5.8% during the first quarter. NEXT Financial Group Inc now owns 2,701 shares of the home improvement retailer’s stock worth $229,000 after buying an additional 147 shares during the period. Pioneer Investment Management Inc. lifted its stake in shares of Lowe’s Companies by 112.6% during the first quarter. Pioneer Investment Management Inc. now owns 241,665 shares of the home improvement retailer’s stock worth $19,867,000 after buying an additional 128,014 shares during the period. Finally, Fairfield Bush & CO. lifted its stake in shares of Lowe’s Companies by 0.7% during the first quarter. Fairfield Bush & CO. now owns 141,880 shares of the home improvement retailer’s stock worth $11,664,000 after buying an additional 1,030 shares during the period. Institutional investors own 74.36% of the company’s stock.

Shares of Lowe’s Companies, Inc. (LOW) opened at 79.95 on Wednesday. The stock has a market cap of $66.58 billion, a PE ratio of 22.70 and a beta of 1.07. Lowe’s Companies, Inc. has a 1-year low of $64.87 and a 1-year high of $86.25. The stock’s 50 day moving average is $80.10 and its 200-day moving average is $79.28.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.62 by ($0.05). The company had revenue of $19.50 billion during the quarter, compared to analysts’ expectations of $19.58 billion. Lowe’s Companies had a net margin of 4.51% and a return on equity of 62.02%. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.37 EPS. On average, analysts predict that Lowe’s Companies, Inc. will post $4.50 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Wednesday, October 25th will be issued a $0.41 dividend. The ex-dividend date is Tuesday, October 24th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.05%. Lowe’s Companies’s dividend payout ratio is presently 46.20%.

In other news, insider Paul D. Ramsay sold 2,098 shares of the stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $78.02, for a total value of $163,685.96. Following the completion of the transaction, the insider now owns 8,400 shares in the company, valued at approximately $655,368. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Matthew V. Hollifield sold 7,853 shares of the stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $78.30, for a total transaction of $614,889.90. Following the completion of the transaction, the senior vice president now owns 30,750 shares of the company’s stock, valued at approximately $2,407,725. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

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LOW has been the subject of several research reports. Deutsche Bank AG reiterated a “buy” rating and set a $90.00 price objective (up from $85.00) on shares of Lowe’s Companies in a research note on Friday, October 6th. Longbow Research reiterated a “buy” rating and set a $95.00 price objective on shares of Lowe’s Companies in a research note on Monday, August 14th. Zacks Investment Research downgraded shares of Lowe’s Companies from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. BidaskClub upgraded shares of Lowe’s Companies from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $94.00 price objective on shares of Lowe’s Companies in a research note on Monday, August 21st. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $85.32.

About Lowe’s Companies

Lowe’s Companies, Inc (Lowe’s) is a home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens.

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

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