Madison Investment Holdings Inc. Reduces Position in Lowe's Companies, Inc. (LOW)

Madison Investment Holdings Inc. decreased its holdings in Lowe's Companies, Inc. (NYSE:LOW) by 48.5% during the third quarter, Holdings Channel reports. The institutional investor owned 168,169 shares of the home improvement retailer’s stock after selling 158,117 shares during the quarter. Madison Investment Holdings Inc.’s holdings in Lowe's Companies were worth $13,443,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Alps Advisors Inc. lifted its holdings in Lowe's Companies by 0.3% during the second quarter. Alps Advisors Inc. now owns 5,844 shares of the home improvement retailer’s stock valued at $453,000 after purchasing an additional 15 shares in the last quarter. Bank of Stockton lifted its holdings in Lowe's Companies by 0.6% during the second quarter. Bank of Stockton now owns 4,670 shares of the home improvement retailer’s stock valued at $362,000 after purchasing an additional 30 shares in the last quarter. Brave Asset Management Inc. lifted its holdings in Lowe's Companies by 1.5% during the second quarter. Brave Asset Management Inc. now owns 2,927 shares of the home improvement retailer’s stock valued at $227,000 after purchasing an additional 42 shares in the last quarter. CHICAGO TRUST Co NA lifted its holdings in Lowe's Companies by 1.3% during the second quarter. CHICAGO TRUST Co NA now owns 3,606 shares of the home improvement retailer’s stock valued at $280,000 after purchasing an additional 46 shares in the last quarter. Finally, Allegis Investment Advisors LLC lifted its holdings in Lowe's Companies by 0.6% during the second quarter. Allegis Investment Advisors LLC now owns 10,176 shares of the home improvement retailer’s stock valued at $789,000 after purchasing an additional 65 shares in the last quarter. 73.12% of the stock is currently owned by institutional investors.

Shares of Lowe's Companies, Inc. (LOW) opened at $94.17 on Thursday. Lowe's Companies, Inc. has a 1 year low of $70.56 and a 1 year high of $95.13. The firm has a market cap of $78,140.00, a price-to-earnings ratio of 22.64, a P/E/G ratio of 1.43 and a beta of 1.14. 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 announced its quarterly earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $16.77 billion for the quarter, compared to analysts’ expectations of $16.59 billion. During the same quarter in the previous year, the business posted $0.88 earnings per share. Lowe's Companies’s quarterly revenue was up 6.6% on a year-over-year basis. analysts forecast that Lowe's Companies, Inc. will post 4.51 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date is Tuesday, January 23rd. Lowe's Companies’s dividend payout ratio (DPR) is 39.42%.

In other Lowe's Companies news, insider Nelson B. Peace sold 3,352 shares of the business’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $80.20, for a total transaction of $268,830.40. Following the transaction, the insider now owns 4,650 shares in the company, valued at $372,930. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.11% of the company’s stock.

LOW has been the topic of several recent analyst reports. Stifel Nicolaus reiterated a “buy” rating and set a $103.00 price objective on shares of Lowe's Companies in a research report on Friday, December 22nd. Barclays upgraded shares of Lowe's Companies from an “equal weight” rating to an “overweight” rating in a research report on Friday, January 5th. Piper Jaffray Companies reiterated a “hold” rating and set a $82.00 price objective on shares of Lowe's Companies in a research report on Friday, November 24th. Robert W. Baird reiterated a “buy” rating and set a $110.00 price objective on shares of Lowe's Companies in a research report on Wednesday, January 3rd. Finally, Zacks Investment Research upgraded shares of Lowe's Companies from a “sell” rating to a “hold” rating in a research report on Thursday, September 21st. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and eighteen have issued a buy rating to the company’s stock. Lowe's Companies has a consensus rating of “Hold” and a consensus price target of $88.62.

COPYRIGHT VIOLATION NOTICE: This piece was posted by Community Financial News and is owned by of Community Financial News. If you are reading this piece on another website, it was stolen and republished in violation of United States & international copyright legislation. The legal version of this piece can be accessed at https://www.com-unik.info/2018/01/11/madison-investment-holdings-inc-reduces-position-in-lowes-companies-inc-low.html.

Lowe's Companies 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.

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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit