Resources Management Corp CT ADV Acquires New Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Resources Management Corp CT ADV bought a new stake in Lowe’s Companies, Inc. (NYSE:LOW) in the 3rd quarter, Holdings Channel.com reports. The fund bought 15,571 shares of the home improvement retailer’s stock, valued at approximately $1,712,000.

A number of other large investors have also recently modified their holdings of the business. Nuveen Asset Management LLC boosted its position in shares of Lowe’s Companies by 6,680.1% during the second quarter. Nuveen Asset Management LLC now owns 6,312,448 shares of the home improvement retailer’s stock worth $636,989,000 after purchasing an additional 6,219,346 shares in the last quarter. Viking Global Investors LP acquired a new stake in Lowe’s Companies during the 2nd quarter worth $139,358,000. Prudential PLC raised its stake in Lowe’s Companies by 456.1% during the 2nd quarter. Prudential PLC now owns 1,222,183 shares of the home improvement retailer’s stock worth $123,440,000 after buying an additional 1,002,390 shares during the period. Eaton Vance Management lifted its holdings in Lowe’s Companies by 49.9% during the second quarter. Eaton Vance Management now owns 2,366,912 shares of the home improvement retailer’s stock worth $238,844,000 after acquiring an additional 788,392 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC bought a new position in Lowe’s Companies during the third quarter worth about $77,131,000. 74.48% of the stock is owned by hedge funds and other institutional investors.

NYSE:LOW traded up $0.91 during trading hours on Wednesday, reaching $115.46. 4,054,292 shares of the stock were exchanged, compared to its average volume of 4,212,515. The stock has a market cap of $90.54 billion, a PE ratio of 22.46, a PEG ratio of 1.53 and a beta of 1.27. Lowe’s Companies, Inc. has a twelve month low of $85.90 and a twelve month high of $121.22. The firm has a 50 day moving average of $114.02 and a 200 day moving average of $106.41. The company has a debt-to-equity ratio of 8.37, a current ratio of 1.04 and a quick ratio of 0.13.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, November 20th. The home improvement retailer reported $1.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.06. The company had revenue of $17.39 billion for the quarter, compared to the consensus estimate of $17.69 billion. Lowe’s Companies had a net margin of 4.11% and a return on equity of 146.62%. The firm’s revenue was down .2% compared to the same quarter last year. During the same period last year, the company earned $1.04 earnings per share. Equities research analysts anticipate that Lowe’s Companies, Inc. will post 5.7 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Tuesday, January 21st. Lowe’s Companies’s dividend payout ratio (DPR) is currently 42.80%.

A number of research analysts have issued reports on the company. Wells Fargo & Co reissued a “buy” rating and issued a $135.00 target price on shares of Lowe’s Companies in a research note on Wednesday, November 20th. Morgan Stanley raised their price target on Lowe’s Companies from $123.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. ValuEngine cut Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Friday, September 27th. Wolfe Research lowered Lowe’s Companies from an “outperform” rating to a “market perform” rating and set a $118.00 price objective for the company. in a research report on Tuesday, October 8th. Finally, KeyCorp reissued an “overweight” rating and set a $125.00 target price (up from $120.00) on shares of Lowe’s Companies in a research note on Thursday, August 22nd. Six equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $128.92.

In related news, EVP Jennifer L. Weber sold 12,589 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $112.62, for a total transaction of $1,417,773.18. Following the sale, the executive vice president now owns 17,440 shares in the company, valued at $1,964,092.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Matthew V. Hollifield sold 12,136 shares of the company’s stock in a transaction dated 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 sale, the chief accounting officer now owns 28,017 shares in the company, valued at approximately $3,147,429.78. The disclosure for this sale can be found here. 0.07% of the stock is currently owned by company insiders.

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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