Lowe’s Companies, Inc. (LOW) Position Reduced by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board decreased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 19.7% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 74,482 shares of the home improvement retailer’s stock after selling 18,271 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Lowe’s Companies were worth $5,775,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of LOW. SRS Capital Advisors Inc. boosted its stake in Lowe’s Companies by 0.4% in the 1st quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock worth $101,000 after purchasing an additional 5 shares during the period. Harbour Capital Advisors LLC acquired a new position in Lowe’s Companies in the 1st quarter worth approximately $103,000. Hanson McClain Inc. boosted its stake in Lowe’s Companies by 3.5% in the 1st quarter. Hanson McClain Inc. now owns 1,337 shares of the home improvement retailer’s stock worth $110,000 after purchasing an additional 45 shares during the period. State of Alaska Department of Revenue boosted its stake in Lowe’s Companies by 8.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 1,440 shares of the home improvement retailer’s stock worth $111,000 after purchasing an additional 110 shares during the period. Finally, Balentine LLC acquired a new position in Lowe’s Companies in the 1st quarter worth approximately $120,000. 74.38% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Paul D. Ramsay sold 2,098 shares of Lowe’s Companies stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $78.02, for a total transaction of $163,685.96. Following the sale, the insider now directly owns 8,400 shares in the company, valued at approximately $655,368. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Matthew V. Hollifield sold 7,853 shares of Lowe’s Companies stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $78.30, for a total transaction of $614,889.90. Following the sale, the senior vice president now owns 30,750 shares in the company, valued at $2,407,725. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.

Lowe’s Companies, Inc. (LOW) opened at $77.53 on Tuesday. Lowe’s Companies, Inc. has a twelve month low of $65.12 and a twelve month high of $86.25. The company has a current ratio of 1.03, a quick ratio of 0.19 and a debt-to-equity ratio of 2.85. The stock has a market cap of $64,859.13, a PE ratio of 17.85, a PEG ratio of 1.26 and a beta of 1.13.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.05). Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. The company had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.58 billion. During the same quarter in the previous year, the firm posted $1.37 EPS. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. equities research analysts forecast that Lowe’s Companies, Inc. will post 4.5 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 7th. Stockholders of record on Wednesday, January 24th will be issued a dividend of $0.41 per share. The ex-dividend date is Tuesday, January 23rd. This represents a $1.64 annualized dividend and a dividend yield of 2.12%. Lowe’s Companies’s payout ratio is 46.20%.

A number of equities research analysts have issued reports on the stock. BMO Capital Markets reissued a “buy” rating and set a $89.00 target price on shares of Lowe’s Companies in a research note on Thursday, July 20th. Zacks Investment Research raised shares of Lowe’s Companies from a “sell” rating to a “hold” rating in a research note on Monday, September 11th. J P Morgan Chase & Co reissued a “neutral” rating and set a $83.00 target price (down previously from $89.00) on shares of Lowe’s Companies in a research note on Thursday, August 24th. Longbow Research reissued a “buy” rating and set a $95.00 target price on shares of Lowe’s Companies in a research note on Monday, August 14th. Finally, Morgan Stanley decreased their target price on shares of Lowe’s Companies from $88.00 to $81.00 and set an “overweight” rating for the company in a research note on Thursday, August 24th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $85.62.

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Lowe’s Companies Profile

Lowe’s Companies, Inc (Lowe’s) is a home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens.

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

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