Pittenger & Anderson Inc. Acquires 865 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Pittenger & Anderson Inc. increased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.4% during the first quarter, HoldingsChannel.com reports. The fund owned 62,925 shares of the home improvement retailer’s stock after purchasing an additional 865 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Lowe’s Companies were worth $6,888,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in LOW. Advisors Preferred LLC bought a new position in Lowe’s Companies in the 1st quarter valued at about $26,000. Icon Wealth Partners LLC bought a new position in Lowe’s Companies in the 1st quarter valued at about $26,000. Clarfeld Financial Advisors LLC bought a new position in Lowe’s Companies in the 4th quarter valued at about $26,000. Prime Capital Investment Advisors LLC bought a new position in Lowe’s Companies in the 1st quarter valued at about $33,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC grew its holdings in shares of Lowe’s Companies by 117.4% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 337 shares of the home improvement retailer’s stock valued at $36,000 after purchasing an additional 182 shares during the last quarter. 76.85% of the stock is currently owned by institutional investors and hedge funds.

NYSE:LOW opened at $98.62 on Friday. The company has a debt-to-equity ratio of 6.37, a quick ratio of 0.24 and a current ratio of 1.09. Lowe’s Companies, Inc. has a one year low of $84.75 and a one year high of $118.23. The company has a market cap of $75.42 billion, a P/E ratio of 19.19, a price-to-earnings-growth ratio of 1.22 and a beta of 1.37.

Lowe’s Companies (NYSE:LOW) last posted its earnings results 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 return on equity of 91.85% and a net margin of 3.31%. The business had revenue of $17.74 billion for the quarter, compared to analyst estimates of $17.65 billion. During the same quarter in the prior year, the business earned $1.19 earnings per share. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. On average, analysts expect that Lowe’s Companies, Inc. will post 5.59 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 7th. Investors of record on Wednesday, July 24th will be given a dividend of $0.55 per share. The ex-dividend date is Tuesday, July 23rd. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.48. This represents a $2.20 annualized dividend and a yield of 2.23%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 37.35%.

In other Lowe’s Companies news, insider Marvin R. Ellison bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The shares were acquired at an average cost of $95.05 per share, for a total transaction of $950,500.00. Following the transaction, the insider now directly owns 80,090 shares in the company, valued at $7,612,554.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.07% of the stock is owned by company insiders.

Several equities research analysts recently issued reports on LOW shares. Wells Fargo & Co lifted their price target on shares of Lowe’s Companies from $110.00 to $120.00 in a report on Thursday, February 28th. Morgan Stanley set a $115.00 price target on shares of Lowe’s Companies and gave the company a “buy” rating in a report on Tuesday, March 19th. Citigroup lifted their price target on shares of Lowe’s Companies from $125.00 to $127.00 and gave the company a “buy” rating in a report on Monday, April 1st. ValuEngine raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Thursday, February 28th. Finally, UBS Group decreased their price target on shares of Lowe’s Companies from $125.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, May 23rd. Nine research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $113.48.

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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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Want to see what other hedge funds are holding LOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lowe’s Companies, Inc. (NYSE:LOW).

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

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