Lowe’s Companies, Inc. (NYSE:LOW) Stake Lowered by Palladium Partners LLC

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Palladium Partners LLC trimmed its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 6.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,221 shares of the home improvement retailer’s stock after selling 345 shares during the quarter. Palladium Partners LLC’s holdings in Lowe’s Companies were worth $482,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Calamos Advisors LLC boosted its holdings in Lowe’s Companies by 157.9% in the fourth quarter. Calamos Advisors LLC now owns 773,570 shares of the home improvement retailer’s stock valued at $71,447,000 after purchasing an additional 473,625 shares during the last quarter. Baystate Wealth Management LLC boosted its holdings in Lowe’s Companies by 42.4% in the fourth quarter. Baystate Wealth Management LLC now owns 1,868 shares of the home improvement retailer’s stock valued at $177,000 after purchasing an additional 556 shares during the last quarter. Forte Capital LLC ADV boosted its holdings in Lowe’s Companies by 2.6% in the fourth quarter. Forte Capital LLC ADV now owns 58,457 shares of the home improvement retailer’s stock valued at $5,399,000 after purchasing an additional 1,455 shares during the last quarter. Sumitomo Life Insurance Co. boosted its holdings in Lowe’s Companies by 2.5% in the fourth quarter. Sumitomo Life Insurance Co. now owns 27,160 shares of the home improvement retailer’s stock valued at $2,508,000 after purchasing an additional 656 shares during the last quarter. Finally, Newman Dignan & Sheerar Inc. boosted its holdings in Lowe’s Companies by 1.1% in the fourth quarter. Newman Dignan & Sheerar Inc. now owns 19,027 shares of the home improvement retailer’s stock valued at $1,757,000 after purchasing an additional 206 shares during the last quarter. Hedge funds and other institutional investors own 74.37% of the company’s stock.

A number of research firms have commented on LOW. Wedbush set a $115.00 target price on Lowe’s Companies and gave the stock a “neutral” rating in a report on Monday, October 15th. Credit Suisse Group reaffirmed a “neutral” rating and set a $111.00 target price (down previously from $115.00) on shares of Lowe’s Companies in a report on Wednesday, October 17th. Morgan Stanley reduced their target price on Lowe’s Companies from $125.00 to $110.00 and set an “overweight” rating on the stock in a report on Tuesday, October 23rd. Citigroup raised Lowe’s Companies from a “neutral” rating to a “buy” rating and set a $112.00 target price on the stock in a report on Tuesday, October 23rd. Finally, Loop Capital set a $130.00 target price on Lowe’s Companies and gave the stock a “buy” rating in a report on Wednesday, October 24th. Ten equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $111.36.

LOW opened at $97.17 on Monday. Lowe’s Companies, Inc. has a 12 month low of $81.16 and a 12 month high of $117.70. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.18 and a current ratio of 1.00. The company has a market capitalization of $78.02 billion, a P/E ratio of 22.13, a price-to-earnings-growth ratio of 1.14 and a beta of 1.27.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Tuesday, November 20th. The home improvement retailer reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. The firm 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 quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the company posted $1.05 EPS. As a group, research analysts expect that Lowe’s Companies, Inc. will post 5.11 earnings per share for the current fiscal year.

In other news, Director Brian C. Rogers purchased 10,000 shares of the firm’s stock in a transaction on Friday, November 23rd. The stock was purchased at an average cost of $88.02 per share, with a total value of $880,200.00. Following the purchase, the director now owns 10,000 shares in the company, valued at approximately $880,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.

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

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