Kessler Investment Group LLC Sells 148 Shares of Lowe’s Companies, Inc. (LOW)

Kessler Investment Group LLC trimmed its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 16.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 736 shares of the home improvement retailer’s stock after selling 148 shares during the period. Kessler Investment Group LLC’s holdings in Lowe’s Companies were worth $81,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. KMG Fiduciary Partners LLC increased its position in Lowe’s Companies by 5.7% in the 1st quarter. KMG Fiduciary Partners LLC now owns 2,907 shares of the home improvement retailer’s stock worth $318,000 after buying an additional 157 shares during the period. Steinberg Global Asset Management increased its position in shares of Lowe’s Companies by 5.4% during the first quarter. Steinberg Global Asset Management now owns 14,823 shares of the home improvement retailer’s stock valued at $1,301,000 after purchasing an additional 758 shares during the period. RPG Investment Advisory LLC increased its position in shares of Lowe’s Companies by 1.6% during the first quarter. RPG Investment Advisory LLC now owns 57,157 shares of the home improvement retailer’s stock valued at $6,257,000 after purchasing an additional 903 shares during the period. Flagship Harbor Advisors LLC increased its position in shares of Lowe’s Companies by 4.8% during the first quarter. Flagship Harbor Advisors LLC now owns 2,015 shares of the home improvement retailer’s stock valued at $220,000 after purchasing an additional 93 shares during the period. Finally, Welch Group LLC bought a new stake in shares of Lowe’s Companies during the first quarter valued at approximately $105,000. 76.20% of the stock is currently owned by institutional investors and hedge funds.

NYSE LOW traded up $0.35 on Friday, reaching $106.64. The company had a trading volume of 3,795,263 shares, compared to its average volume of 3,413,872. Lowe’s Companies, Inc. has a 52 week low of $84.75 and a 52 week high of $118.23. The company has a market capitalization of $84.60 billion, a PE ratio of 20.75, a P/E/G ratio of 1.24 and a beta of 1.26. The company has a current ratio of 0.98, a quick ratio of 0.11 and a debt-to-equity ratio of 3.95.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, February 27th. The home improvement retailer reported $0.80 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.80. Lowe’s Companies had a return on equity of 80.91% and a net margin of 3.24%. The company had revenue of $15.65 billion during the quarter, compared to the consensus estimate of $15.75 billion. During the same period in the prior year, the company earned $0.74 earnings per share. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, sell-side analysts predict that Lowe’s Companies, Inc. will post 6.06 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Tuesday, April 23rd. This represents a $1.92 annualized dividend and a dividend yield of 1.80%. Lowe’s Companies’s dividend payout ratio is currently 37.35%.

A number of analysts have recently issued reports on the company. Wells Fargo & Co boosted their price objective on Lowe’s Companies from $110.00 to $120.00 in a research report on Thursday, February 28th. Morgan Stanley boosted their price objective on Lowe’s Companies from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, February 28th. Citigroup boosted their price objective on Lowe’s Companies from $125.00 to $127.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Robert W. Baird boosted their price target on Lowe’s Companies from $120.00 to $126.00 and gave the company an “outperform” rating in a research note on Wednesday, February 27th. Finally, Loop Capital boosted their price target on Lowe’s Companies from $99.00 to $102.00 and gave the company a “hold” rating in a research note on Wednesday, February 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $114.52.

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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.

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

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