Voit & Company LLC Takes Position in Lowe’s Companies, Inc. (LOW)

Voit & Company LLC bought a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,012 shares of the home improvement retailer’s stock, valued at approximately $220,000.

Other hedge funds have also modified their holdings of the company. Somerset Trust Co increased its stake in shares of Lowe’s Companies by 2.6% in the 4th quarter. Somerset Trust Co now owns 31,709 shares of the home improvement retailer’s stock worth $2,929,000 after purchasing an additional 814 shares in the last quarter. F3Logic LLC purchased a new stake in shares of Lowe’s Companies in the 4th quarter worth $2,135,000. Greatmark Investment Partners Inc. increased its stake in shares of Lowe’s Companies by 24.8% in the 4th quarter. Greatmark Investment Partners Inc. now owns 63,221 shares of the home improvement retailer’s stock worth $5,839,000 after purchasing an additional 12,550 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Lowe’s Companies in the 4th quarter worth $1,467,000. Finally, BlackRock Inc. increased its stake in shares of Lowe’s Companies by 0.7% in the 4th quarter. BlackRock Inc. now owns 53,503,078 shares of the home improvement retailer’s stock worth $4,941,544,000 after purchasing an additional 371,008 shares in the last quarter. Institutional investors own 75.53% of the company’s stock.

Several equities research analysts have recently commented on LOW shares. ValuEngine lowered Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research lowered Lowe’s Companies from a “hold” rating to a “sell” rating in a research note on Monday, May 6th. Wedbush reiterated a “neutral” rating and issued a $105.00 price target (down previously from $110.00) on shares of Lowe’s Companies in a research note on Thursday. UBS Group cut their price target on Lowe’s Companies from $125.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $127.00 price target (down previously from $133.00) on shares of Lowe’s Companies in a research note on Wednesday. Nine equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Lowe’s Companies has an average rating of “Buy” and a consensus target price of $113.70.

Shares of LOW traded down $13.16 during midday trading on Thursday, hitting $97.94. 22,716,225 shares of the company traded hands, compared to its average volume of 3,718,889. 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 $77.95 billion, a PE ratio of 19.05, a price-to-earnings-growth ratio of 1.30 and a beta of 1.26. The company has a quick ratio of 0.11, a current ratio of 0.98 and a debt-to-equity ratio of 3.95.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, May 22nd. The home improvement retailer reported $1.22 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.11). Lowe’s Companies had a net margin of 3.24% and a return on equity of 80.91%. The company had revenue of $17.74 billion for the quarter, compared to the consensus estimate of $17.65 billion. During the same period last year, the company earned $1.19 EPS. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, sell-side analysts expect that Lowe’s Companies, Inc. will post 6.05 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.96%. The ex-dividend date was Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 37.35%.

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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. 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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