Mn Services Vermogensbeheer B.V. Increases Stock Holdings in Lowe’s Companies, Inc. $LOW

Mn Services Vermogensbeheer B.V. boosted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 1.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 213,045 shares of the home improvement retailer’s stock after acquiring an additional 3,800 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Lowe’s Companies were worth $53,540,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of LOW. Howard Hughes Medical Institute acquired a new position in shares of Lowe’s Companies during the second quarter worth $27,000. Solstein Capital LLC increased its stake in Lowe’s Companies by 627.8% during the 2nd quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock worth $29,000 after buying an additional 113 shares during the period. Traub Capital Management LLC purchased a new stake in Lowe’s Companies during the 2nd quarter worth $30,000. Vermillion & White Wealth Management Group LLC lifted its holdings in Lowe’s Companies by 128.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 135 shares of the home improvement retailer’s stock worth $30,000 after buying an additional 76 shares in the last quarter. Finally, Olistico Wealth LLC purchased a new position in Lowe’s Companies in the 2nd quarter valued at about $33,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 0.5%

NYSE:LOW opened at $276.46 on Friday. The business’s 50 day moving average is $249.28 and its two-hundred day moving average is $246.05. Lowe’s Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $281.36. The company has a market cap of $155.08 billion, a PE ratio of 22.92, a P/E/G ratio of 4.56 and a beta of 0.96.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, November 26th. The home improvement retailer reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.97 by $0.09. The business had revenue of $20.81 billion during the quarter, compared to the consensus estimate of $20.88 billion. Lowe’s Companies had a negative return on equity of 55.86% and a net margin of 8.05%.The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.89 EPS. As a group, sell-side analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 21st will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Wednesday, January 21st. Lowe’s Companies’s dividend payout ratio is 39.80%.

Insider Activity

In other news, CEO Marvin R. Ellison sold 18,000 shares of the firm’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $261.17, for a total value of $4,701,060.00. Following the transaction, the chief executive officer directly owned 231,043 shares in the company, valued at approximately $60,341,500.31. This trade represents a 7.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Wolfe Research lowered their target price on Lowe’s Companies from $308.00 to $285.00 and set an “outperform” rating for the company in a research note on Monday, November 24th. Wall Street Zen upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. TD Cowen lifted their price objective on Lowe’s Companies from $250.00 to $295.00 and gave the stock a “hold” rating in a report on Tuesday. Bank of America cut their target price on Lowe’s Companies from $290.00 to $280.00 and set a “buy” rating on the stock in a research report on Thursday, November 20th. Finally, UBS Group decreased their price target on shares of Lowe’s Companies from $325.00 to $316.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. Nineteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $283.65.

Lowe’s Companies Profile

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.