Sigma Investment Counselors Inc. Buys 677 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Sigma Investment Counselors Inc. lifted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,627 shares of the home improvement retailer’s stock after acquiring an additional 677 shares during the quarter. Sigma Investment Counselors Inc.’s holdings in Lowe’s Companies were worth $4,301,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. North Star Investment Management Corp. raised its holdings in shares of Lowe’s Companies by 2.4% during the 1st quarter. North Star Investment Management Corp. now owns 3,796 shares of the home improvement retailer’s stock worth $416,000 after acquiring an additional 90 shares in the last quarter. Arlington Partners LLC raised its holdings in shares of Lowe’s Companies by 7.6% during the 1st quarter. Arlington Partners LLC now owns 1,301 shares of the home improvement retailer’s stock worth $142,000 after acquiring an additional 92 shares in the last quarter. Flagship Harbor Advisors LLC raised its holdings in shares of Lowe’s Companies by 4.8% during the 1st quarter. Flagship Harbor Advisors LLC now owns 2,015 shares of the home improvement retailer’s stock worth $220,000 after acquiring an additional 93 shares in the last quarter. Bailard Inc. raised its holdings in shares of Lowe’s Companies by 3.6% during the 1st quarter. Bailard Inc. now owns 2,764 shares of the home improvement retailer’s stock worth $303,000 after acquiring an additional 95 shares in the last quarter. Finally, Naples Global Advisors LLC raised its holdings in shares of Lowe’s Companies by 3.4% during the 1st quarter. Naples Global Advisors LLC now owns 3,054 shares of the home improvement retailer’s stock worth $334,000 after acquiring an additional 99 shares in the last quarter. Institutional investors own 76.75% of the company’s stock.

In other Lowe’s Companies news, insider Marvin R. Ellison bought 10,000 shares of Lowe’s Companies stock in a transaction on Friday, May 24th. The shares were bought at an average price of $95.05 per share, for a total transaction of $950,500.00. Following the completion of the transaction, the insider now directly owns 80,090 shares of the company’s stock, valued at $7,612,554.50. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Donald Frieson bought 2,030 shares of Lowe’s Companies stock in a transaction on Wednesday, June 19th. The stock was acquired at an average price of $98.69 per share, for a total transaction of $200,340.70. Following the transaction, the executive vice president now directly owns 10,980 shares of the company’s stock, valued at $1,083,616.20. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 12,280 shares of company stock worth $1,174,566. 0.07% of the stock is currently owned by company insiders.

Lowe’s Companies stock traded up $1.48 during trading on Friday, reaching $103.53. 4,729,742 shares of the company were exchanged, compared to its average volume of 3,884,128. Lowe’s Companies, Inc. has a 52-week low of $84.75 and a 52-week high of $118.23. The firm has a market capitalization of $80.71 billion, a P/E ratio of 20.14, a P/E/G ratio of 1.34 and a beta of 1.36. The company has a quick ratio of 0.24, a current ratio of 1.09 and a debt-to-equity ratio of 6.37. The firm’s 50 day moving average price is $101.58.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, May 22nd. The home improvement retailer reported $1.22 EPS for the quarter, missing the Zacks’ consensus estimate of $1.33 by ($0.11). Lowe’s Companies had a return on equity of 91.85% and a net margin of 3.31%. The company had revenue of $17.74 billion for the quarter, compared to analysts’ expectations of $17.65 billion. During the same quarter in the previous year, the business posted $1.19 EPS. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. Equities research analysts predict that Lowe’s Companies, Inc. will post 5.59 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 7th. Investors of record on Wednesday, July 24th will be given a dividend of $0.55 per share. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.48. The ex-dividend date is Tuesday, July 23rd. This represents a $2.20 dividend on an annualized basis and a yield of 2.12%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 42.80%.

LOW has been the topic of several recent research reports. Telsey Advisory Group reaffirmed a “market perform” rating and set a $28.00 price objective on shares of L Brands in a report on Thursday, May 23rd. Cfra reaffirmed a “hold” rating and issued a $105.00 price objective on shares of Lowe’s Companies in a research report on Friday, June 14th. Morgan Stanley set a $123.00 price objective on Lowe’s Companies and gave the company a “buy” rating in a research report on Thursday, May 23rd. Bank of America set a $135.00 price target on Lowe’s Companies and gave the stock a “buy” rating in a research report on Monday, May 27th. Finally, Wells Fargo & Co reissued a “buy” rating on shares of Amphastar Pharmaceuticals in a research report on Friday, May 10th. Ten investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $112.88.

About Lowe’s Companies

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.

See Also: Accumulation/Distribution

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.