Reliance Trust Co. of Delaware Sells 134 Shares of Lowe’s Companies, Inc. (LOW)

Reliance Trust Co. of Delaware reduced its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,194 shares of the home improvement retailer’s stock after selling 134 shares during the period. Reliance Trust Co. of Delaware’s holdings in Lowe’s Companies were worth $572,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC boosted its stake in shares of Lowe’s Companies by 8.0% during the third quarter. FMR LLC now owns 21,879,740 shares of the home improvement retailer’s stock valued at $2,512,233,000 after purchasing an additional 1,616,536 shares during the period. Capital International Investors purchased a new stake in shares of Lowe’s Companies during the third quarter valued at approximately $746,818,000. Winslow Capital Management LLC boosted its stake in shares of Lowe’s Companies by 28.4% during the third quarter. Winslow Capital Management LLC now owns 4,081,562 shares of the home improvement retailer’s stock valued at $468,645,000 after purchasing an additional 901,607 shares during the period. AQR Capital Management LLC boosted its stake in shares of Lowe’s Companies by 50.0% during the third quarter. AQR Capital Management LLC now owns 2,641,814 shares of the home improvement retailer’s stock valued at $303,333,000 after purchasing an additional 880,253 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Lowe’s Companies by 1.1% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,613,391 shares of the home improvement retailer’s stock valued at $300,070,000 after purchasing an additional 27,559 shares during the period. Institutional investors and hedge funds own 76.55% of the company’s stock.

Shares of LOW stock opened at $99.47 on Wednesday. Lowe’s Companies, Inc. has a 52 week low of $81.16 and a 52 week high of $117.70. The firm has a market capitalization of $77.74 billion, a P/E ratio of 22.66, a price-to-earnings-growth ratio of 1.14 and a beta of 1.27. The company has a quick ratio of 0.18, a current ratio of 1.00 and a debt-to-equity ratio of 2.68.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Tuesday, November 20th. The home improvement retailer reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. The company had revenue of $17.42 billion during the quarter, compared to analyst estimates of $17.36 billion. Lowe’s Companies had a return on equity of 72.47% and a net margin of 5.19%. The firm’s revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.05 earnings per share. Sell-side analysts anticipate that Lowe’s Companies, Inc. will post 5.11 EPS for the current fiscal year.

A number of analysts have recently weighed in on the company. Loop Capital set a $125.00 price objective on Lowe’s Companies and gave the company a “buy” rating in a research note on Wednesday, December 12th. Gordon Haskett lowered Lowe’s Companies from an “accumulate” rating to a “hold” rating in a research note on Thursday, November 8th. Wedbush set a $95.00 price objective on Lowe’s Companies and gave the company a “hold” rating in a research note on Wednesday, November 21st. KeyCorp dropped their price objective on Lowe’s Companies from $125.00 to $115.00 and set an “overweight” rating for the company in a research note on Wednesday, November 21st. Finally, Stifel Nicolaus lowered Lowe’s Companies from a “buy” rating to a “hold” rating and dropped their price objective for the company from $125.00 to $92.00 in a research note on Wednesday, November 21st. Eleven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $111.36.

In other news, Director Brian C. Rogers acquired 10,000 shares of the stock in a transaction on Friday, November 23rd. The stock was acquired at an average price of $88.02 per share, with a total value of $880,200.00. Following the completion of the transaction, the director now owns 10,000 shares of the company’s stock, valued at approximately $880,200. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.30% of the company’s stock.

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Lowe’s Companies 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.

See Also: Debt-To-Equity Ratio

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

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