Lowe’s Companies, Inc. (LOW) Holdings Reduced by Boston Advisors LLC

Boston Advisors LLC reduced its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 1.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,185 shares of the home improvement retailer’s stock after selling 750 shares during the period. Boston Advisors LLC’s holdings in Lowe’s Companies were worth $6,899,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. ClariVest Asset Management LLC purchased a new position in Lowe’s Companies in the first quarter valued at approximately $118,000. Rainier Group Investment Advisory LLC purchased a new position in Lowe’s Companies in the first quarter valued at approximately $121,000. Jacobi Capital Management LLC increased its stake in Lowe’s Companies by 88.8% in the first quarter. Jacobi Capital Management LLC now owns 1,524 shares of the home improvement retailer’s stock valued at $129,000 after purchasing an additional 717 shares during the last quarter. Massey Quick Simon & CO. LLC increased its stake in Lowe’s Companies by 56.4% in the first quarter. Massey Quick Simon & CO. LLC now owns 1,766 shares of the home improvement retailer’s stock valued at $155,000 after purchasing an additional 637 shares during the last quarter. Finally, Clarus Wealth Advisors purchased a new position in Lowe’s Companies in the second quarter valued at approximately $161,000. Institutional investors own 74.10% of the company’s stock.

Shares of Lowe’s Companies opened at $101.39 on Friday, according to MarketBeat. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.02 and a quick ratio of 0.18. Lowe’s Companies, Inc. has a 1-year low of $70.76 and a 1-year high of $108.98. The firm has a market cap of $81.82 billion, a P/E ratio of 23.02, a P/E/G ratio of 1.10 and a beta of 1.34.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, May 23rd. The home improvement retailer reported $1.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.22 by ($0.03). Lowe’s Companies had a return on equity of 66.36% and a net margin of 5.55%. The company had revenue of $17.36 billion for the quarter, compared to analyst estimates of $17.44 billion. During the same period in the prior year, the business earned $1.03 earnings per share. Lowe’s Companies’s revenue for the quarter was up 3.0% compared to the same quarter last year. sell-side analysts predict that Lowe’s Companies, Inc. will post 5.45 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 8th. Investors of record on Wednesday, July 25th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, July 24th. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.41. This represents a $1.92 annualized dividend and a dividend yield of 1.89%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 37.36%.

In related news, SVP Matthew V. Hollifield sold 12,362 shares of the stock in a transaction on Friday, June 8th. The stock was sold at an average price of $99.56, for a total transaction of $1,230,760.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.30% of the stock is owned by company insiders.

Several equities analysts have commented on the stock. Zacks Investment Research lowered shares of Lowe’s Companies from a “hold” rating to a “sell” rating in a research note on Thursday, May 24th. Wedbush set a $92.00 price target on shares of Lowe’s Companies and gave the company a “hold” rating in a research note on Thursday, May 24th. Loop Capital set a $115.00 price target on shares of Lowe’s Companies and gave the company a “buy” rating in a research note on Wednesday. Royal Bank of Canada increased their price target on shares of Lowe’s Companies to $104.00 and gave the company an “outperform” rating in a research note on Thursday, May 24th. Finally, Credit Suisse Group set a $111.00 price target on shares of Lowe’s Companies and gave the company a “buy” rating in a research note on Wednesday, May 23rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-five have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $102.21.

Lowe’s Companies Company Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal and outdoor living, lawn and garden, paint, millwork, flooring, and kitchens, as well as outdoor power equipment.

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

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