Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Lincluden Management Ltd.

Lincluden Management Ltd. trimmed its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 20.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,644 shares of the home improvement retailer’s stock after selling 6,565 shares during the period. Lincluden Management Ltd.’s holdings in Lowe’s Companies were worth $2,820,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Canada Pension Plan Investment Board raised its position in shares of Lowe’s Companies by 11.5% in the 2nd 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 acquired a new position in shares of Lowe’s Companies in the 2nd quarter valued at approximately $40,000. Nuveen Asset Management LLC raised its position in shares of Lowe’s Companies by 6,680.1% in the 2nd quarter. Nuveen Asset Management LLC now owns 6,312,448 shares of the home improvement retailer’s stock valued at $636,989,000 after purchasing an additional 6,219,346 shares in the last quarter. Moors & Cabot Inc. raised its position in shares of Lowe’s Companies by 5.2% in the 3rd quarter. Moors & Cabot Inc. now owns 12,250 shares of the home improvement retailer’s stock valued at $1,345,000 after purchasing an additional 603 shares in the last quarter. Finally, Carnick & Kubik Group LLC raised its position in shares of Lowe’s Companies by 1.5% in the 2nd quarter. Carnick & Kubik Group LLC now owns 20,915 shares of the home improvement retailer’s stock valued at $2,111,000 after purchasing an additional 310 shares in the last quarter. 76.35% of the stock is currently owned by institutional investors.

In other news, CAO Matthew V. Hollifield sold 12,136 shares of the stock in a transaction on Tuesday, September 17th. The stock was 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 owns 28,017 shares of the company’s stock, valued at $3,147,429.78. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Jennifer L. Weber sold 12,589 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $112.62, for a total value of $1,417,773.18. Following the completion of the transaction, the executive vice president now directly owns 17,440 shares of the company’s stock, valued at approximately $1,964,092.80. The disclosure for this sale can be found here. 0.07% of the stock is owned by company insiders.

Several research firms recently issued reports on LOW. Morgan Stanley upped their price target on Lowe’s Companies from $123.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Oppenheimer upped their price target on Lowe’s Companies from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Friday, October 4th. Credit Suisse Group raised Lowe’s Companies from a “neutral” rating to an “outperform” rating and upped their price target for the company from $114.00 to $129.00 in a research report on Wednesday, November 6th. Jefferies Financial Group set a $125.00 price target on Lowe’s Companies and gave the company a “buy” rating in a research report on Monday, August 26th. Finally, Wedbush raised Lowe’s Companies from a “neutral” rating to an “outperform” rating and upped their price target for the company from $115.00 to $135.00 in a research report on Monday, September 16th. Six analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $123.20.

NYSE LOW traded up $0.45 during trading hours on Monday, hitting $114.45. The company had a trading volume of 2,936,626 shares, compared to its average volume of 4,541,547. Lowe’s Companies, Inc. has a fifty-two week low of $84.75 and a fifty-two week high of $118.23. The company has a quick ratio of 0.19, a current ratio of 1.06 and a debt-to-equity ratio of 7.80. The business has a fifty day simple moving average of $110.71 and a 200-day simple moving average of $105.70. The firm has a market cap 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.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, August 21st. The home improvement retailer reported $2.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.00 by $0.15. Lowe’s Companies had a return on equity of 111.09% and a net margin of 3.52%. The firm had revenue of $20.99 billion for the quarter, compared to analyst estimates of $20.96 billion. During the same period last year, the company earned $2.07 earnings per share. The firm’s revenue for the quarter was up .5% on a year-over-year basis. Equities analysts forecast that Lowe’s Companies, Inc. will post 5.67 EPS for the current fiscal year.

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

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. 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.

Further Reading: What does an outperform rating mean?

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

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