Marquette Asset Management LLC Grows Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Marquette Asset Management LLC raised its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 16.8% during the third quarter, HoldingsChannel reports. The firm owned 1,568 shares of the home improvement retailer’s stock after purchasing an additional 225 shares during the period. Marquette Asset Management LLC’s holdings in Lowe’s Companies were worth $172,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board raised its position in Lowe’s Companies by 11.5% during the second quarter. Canada Pension Plan Investment Board now owns 786,970 shares of the home improvement retailer’s stock valued at $79,413,000 after purchasing an additional 81,426 shares in the last quarter. JNBA Financial Advisors purchased a new position in shares of Lowe’s Companies in the second quarter worth about $40,000. Nuveen Asset Management LLC increased its holdings in shares of Lowe’s Companies by 6,680.1% in the second quarter. Nuveen Asset Management LLC now owns 6,312,448 shares of the home improvement retailer’s stock worth $636,989,000 after buying an additional 6,219,346 shares during the period. Carnick & Kubik Group LLC increased its holdings in shares of Lowe’s Companies by 1.5% in the second quarter. Carnick & Kubik Group LLC now owns 20,915 shares of the home improvement retailer’s stock worth $2,111,000 after buying an additional 310 shares during the period. Finally, Fagan Associates Inc. increased its holdings in shares of Lowe’s Companies by 3.1% in the second quarter. Fagan Associates Inc. now owns 67,100 shares of the home improvement retailer’s stock worth $6,771,000 after buying an additional 2,043 shares during the period. Institutional investors and hedge funds own 76.32% of the company’s stock.

Lowe’s Companies stock traded up $0.66 during trading hours on Tuesday, hitting $112.61. 65,300 shares of the stock traded hands, compared to its average volume of 3,790,254. The firm’s 50-day moving average price is $111.22 and its two-hundred day moving average price is $105.98. The company has a current ratio of 1.06, a quick ratio of 0.19 and a debt-to-equity ratio of 7.80. The company has a market cap of $86.40 billion, a PE ratio of 22.02, a PEG ratio of 1.43 and a beta of 1.30. Lowe’s Companies, Inc. has a one year low of $84.75 and a one year high of $118.23.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, August 21st. The home improvement retailer reported $2.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.00 by $0.15. The business had revenue of $20.99 billion for the quarter, compared to analysts’ expectations of $20.96 billion. Lowe’s Companies had a return on equity of 111.09% and a net margin of 3.52%. The business’s revenue was up .5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.07 EPS. On average, sell-side analysts expect that Lowe’s Companies, Inc. will post 5.67 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd will be given a dividend of $0.55 per share. The ex-dividend date is Tuesday, October 22nd. This represents a $2.20 annualized dividend and a yield of 1.95%. Lowe’s Companies’s payout ratio is 42.80%.

In other Lowe’s Companies news, EVP Jennifer L. Weber sold 12,589 shares of Lowe’s Companies stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $112.62, for a total transaction of $1,417,773.18. Following the sale, the executive vice president now directly owns 17,440 shares of the company’s stock, valued at approximately $1,964,092.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Matthew V. Hollifield sold 12,136 shares of Lowe’s Companies stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $112.34, for a total value of $1,363,358.24. Following the sale, the chief accounting officer now directly owns 28,017 shares in the company, valued at $3,147,429.78. The disclosure for this sale can be found here. Insiders own 0.07% of the company’s stock.

LOW has been the topic of a number of research analyst reports. Citigroup boosted their price target on Lowe’s Companies from $122.00 to $137.00 and gave the company a “buy” rating in a report on Friday, September 13th. Telsey Advisory Group boosted their price target on Lowe’s Companies from $116.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. KeyCorp restated an “overweight” rating and set a $125.00 price target (up previously from $120.00) on shares of Lowe’s Companies in a report on Thursday, August 22nd. Wells Fargo & Co set a $125.00 price target on Lowe’s Companies and gave the company a “buy” rating in a report on Monday, September 30th. Finally, Zacks Investment Research upgraded Lowe’s Companies from a “hold” rating to a “buy” rating and set a $116.00 price target on the stock in a report on Monday, September 30th. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Lowe’s Companies has a consensus rating of “Buy” and an average target price of $120.96.

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. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.

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

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