Pacer Advisors Inc. raised its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW) by 10.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,468 shares of the home improvement retailer’s stock after acquiring an additional 2,021 shares during the quarter. Pacer Advisors Inc.’s holdings in Lowe's Companies were worth $1,716,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of LOW. Bailard Inc. purchased a new position in Lowe's Companies during the 1st quarter valued at about $226,000. MARSHALL WACE ASIA Ltd purchased a new position in Lowe's Companies during the 1st quarter valued at about $48,171,000. Guardian Life Insurance Co. of America increased its holdings in Lowe's Companies by 0.4% during the 1st quarter. Guardian Life Insurance Co. of America now owns 3,346 shares of the home improvement retailer’s stock valued at $275,000 after acquiring an additional 13 shares in the last quarter. Marshall Wace North America L.P. purchased a new position in Lowe's Companies during the 1st quarter valued at about $48,171,000. Finally, Cim Investment Mangement Inc. purchased a new position in Lowe's Companies during the 1st quarter valued at about $675,000. Hedge funds and other institutional investors own 73.12% of the company’s stock.
In related news, insider Nelson B. Peace sold 3,352 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $80.20, for a total value of $268,830.40. Following the completion of the sale, the insider now directly owns 4,650 shares in the company, valued at $372,930. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.11% of the stock is currently owned by insiders.
Shares of Lowe's Companies, Inc. (NYSE LOW) opened at $91.89 on Wednesday. Lowe's Companies, Inc. has a twelve month low of $70.49 and a twelve month high of $92.08. The stock has a market cap of $75,665.87, a P/E ratio of 22.04, a P/E/G ratio of 1.37 and a beta of 1.15. The company has a debt-to-equity ratio of 2.71, a current ratio of 1.02 and a quick ratio of 0.12.
Lowe's Companies (NYSE:LOW) last released its earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.03. Lowe's Companies had a net margin of 5.16% and a return on equity of 66.27%. The firm had revenue of $16.77 billion during the quarter, compared to the consensus estimate of $16.59 billion. During the same period in the previous year, the firm earned $0.88 earnings per share. Lowe's Companies’s revenue was up 6.6% compared to the same quarter last year. equities analysts anticipate that Lowe's Companies, Inc. will post 4.51 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Investors of record on Wednesday, January 24th will be issued a $0.41 dividend. The ex-dividend date is Tuesday, January 23rd. This represents a $1.64 dividend on an annualized basis and a yield of 1.78%. Lowe's Companies’s payout ratio is 39.33%.
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Lowe's Companies Company Profile
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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