Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 10,222 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lowered its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 3.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 289,198 shares of the home improvement retailer’s stock after selling 10,222 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Lowe’s Companies were worth $31,800,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Nuveen Asset Management LLC increased its holdings in Lowe’s Companies by 6,680.1% during the 2nd quarter. Nuveen Asset Management LLC now owns 6,312,448 shares of the home improvement retailer’s stock worth $636,989,000 after acquiring an additional 6,219,346 shares during the period. Viking Global Investors LP bought a new stake in Lowe’s Companies during the 2nd quarter worth approximately $139,358,000. Prudential PLC increased its holdings in Lowe’s Companies by 456.1% during the 2nd quarter. Prudential PLC now owns 1,222,183 shares of the home improvement retailer’s stock worth $123,440,000 after acquiring an additional 1,002,390 shares during the period. Eaton Vance Management increased its holdings in Lowe’s Companies by 49.9% during the 2nd quarter. Eaton Vance Management now owns 2,366,912 shares of the home improvement retailer’s stock worth $238,844,000 after acquiring an additional 788,392 shares during the period. Finally, Nomura Holdings Inc. grew its stake in Lowe’s Companies by 3,951.6% in the 2nd quarter. Nomura Holdings Inc. now owns 658,582 shares of the home improvement retailer’s stock worth $67,380,000 after buying an additional 642,327 shares in the last quarter. 76.35% of the stock is currently owned by institutional investors.

LOW traded up $0.45 during trading on Monday, hitting $114.45. 2,871,229 shares of the stock traded hands, compared to its average volume of 4,541,248. The firm has a market capitalization of $86.60 billion, a P/E ratio of 22.27, a price-to-earnings-growth ratio of 1.47 and a beta of 1.29. The company has a debt-to-equity ratio of 7.80, a current ratio of 1.06 and a quick ratio of 0.19. The firm has a 50-day moving average of $110.71 and a 200 day moving average of $105.70. Lowe’s Companies, Inc. has a 12-month low of $84.75 and a 12-month high of $118.23.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $20.96 billion. Lowe’s Companies had a net margin of 3.52% and a return on equity of 111.09%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.07 EPS. As a group, equities analysts predict that Lowe’s Companies, Inc. will post 5.67 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.92%. Lowe’s Companies’s payout ratio is currently 42.80%.

LOW has been the subject of a number of research reports. Telsey Advisory Group boosted their price target on shares of Lowe’s Companies from $116.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Robert W. Baird set a $127.00 price target on shares of Lowe’s Companies and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Raymond James cut shares of Lowe’s Companies from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 8th. UBS Group boosted their price target on shares of Lowe’s Companies from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Finally, Wolfe Research cut shares of Lowe’s Companies from an “outperform” rating to a “market perform” rating and set a $118.00 price target for the company. in a research note on Tuesday, October 8th. Six investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $123.20.

In other Lowe’s Companies news, CAO Matthew V. Hollifield sold 12,136 shares of the company’s stock in a transaction 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 completion of the transaction, the chief accounting officer now directly owns 28,017 shares in the company, valued at approximately $3,147,429.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jennifer L. Weber sold 12,589 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president now owns 17,440 shares of the company’s stock, valued at $1,964,092.80. The disclosure for this sale can be found here. Corporate insiders own 0.07% of the company’s stock.

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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