Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Ellenbecker Investment Group

Ellenbecker Investment Group cut its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,315 shares of the home improvement retailer’s stock after selling 65 shares during the period. Ellenbecker Investment Group’s holdings in Lowe’s Companies were worth $250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Aviance Capital Partners LLC lifted its position in Lowe’s Companies by 0.9% during the fourth quarter. Aviance Capital Partners LLC now owns 6,388 shares of the home improvement retailer’s stock valued at $1,025,000 after purchasing an additional 60 shares during the period. Marietta Investment Partners LLC lifted its position in Lowe’s Companies by 4.0% during the fourth quarter. Marietta Investment Partners LLC now owns 1,571 shares of the home improvement retailer’s stock valued at $252,000 after purchasing an additional 60 shares during the period. Fulton Bank N.A. lifted its position in Lowe’s Companies by 0.4% during the first quarter. Fulton Bank N.A. now owns 15,685 shares of the home improvement retailer’s stock valued at $2,983,000 after purchasing an additional 62 shares during the period. F3Logic LLC lifted its position in Lowe’s Companies by 2.5% during the fourth quarter. F3Logic LLC now owns 2,535 shares of the home improvement retailer’s stock valued at $403,000 after purchasing an additional 63 shares during the period. Finally, Strategic Advisors LLC lifted its position in Lowe’s Companies by 1.6% during the fourth quarter. Strategic Advisors LLC now owns 4,164 shares of the home improvement retailer’s stock valued at $681,000 after purchasing an additional 64 shares during the period. Institutional investors own 76.11% of the company’s stock.

LOW traded up $0.80 on Thursday, reaching $194.47. 55,809 shares of the company’s stock were exchanged, compared to its average volume of 4,117,038. The stock has a market cap of $139.48 billion, a PE ratio of 27.39, a P/E/G ratio of 1.18 and a beta of 1.37. Lowe’s Companies, Inc. has a twelve month low of $90.59 and a twelve month high of $194.97. The stock’s fifty day moving average price is $175.20 and its 200-day moving average price is $167.29. The company has a debt-to-equity ratio of 5.20, a current ratio of 1.38 and a quick ratio of 0.57.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Tuesday, February 23rd. The home improvement retailer reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.12. The firm had revenue of $20.31 billion for the quarter, compared to analyst estimates of $19.54 billion. Lowe’s Companies had a net margin of 6.29% and a return on equity of 211.33%. During the same period in the previous year, the business posted $0.94 earnings per share. As a group, research analysts predict that Lowe’s Companies, Inc. will post 8.7 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 5th. Shareholders of record on Wednesday, April 21st will be issued a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, April 20th. This represents a $2.40 annualized dividend and a yield of 1.23%. Lowe’s Companies’s payout ratio is 41.96%.

A number of research analysts have weighed in on LOW shares. Telsey Advisory Group lifted their price objective on shares of Lowe’s Companies from $190.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday, December 10th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell started coverage on shares of Lowe’s Companies in a report on Monday, March 15th. They issued a “buy” rating and a $195.00 price objective for the company. Zelman & Associates raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, February 12th. Citigroup started coverage on shares of Lowe’s Companies in a report on Monday, March 15th. They issued a “buy” rating and a $195.00 price objective for the company. Finally, Royal Bank of Canada lifted their price objective on shares of Lowe’s Companies from $203.00 to $206.00 in a report on Thursday, February 25th. Four research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company’s stock. Lowe’s Companies currently has a consensus rating of “Buy” and an average target price of $179.12.

In other news, Director David H. Batchelder bought 6,250 shares of the firm’s stock in a transaction on Friday, February 26th. The shares were bought at an average cost of $159.48 per share, for a total transaction of $996,750.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.07% of the company’s stock.

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 appliances, décor, paint, hardware, millwork, lawn and garden, lighting, lumber and building materials, flooring, kitchens and bath, rough plumbing and electrical, seasonal and outdoor living, and tools.

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

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