Rampart Investment Management Company LLC decreased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 16.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,438 shares of the home improvement retailer’s stock after selling 6,437 shares during the quarter. Rampart Investment Management Company LLC’s holdings in Lowe’s Companies were worth $3,374,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Advisors Preferred LLC bought a new position in Lowe’s Companies in the first quarter valued at approximately $26,000. Icon Wealth Partners LLC acquired a new stake in shares of Lowe’s Companies in the first quarter valued at approximately $26,000. Next Capital Management LLC acquired a new stake in shares of Lowe’s Companies in the second quarter valued at approximately $27,000. Pearl River Capital LLC acquired a new stake in shares of Lowe’s Companies in the second quarter valued at approximately $29,000. Finally, Knuff & Co LLC acquired a new stake in shares of Lowe’s Companies in the second quarter valued at approximately $29,000. 76.23% of the stock is currently owned by institutional investors and hedge funds.
In related news, EVP Donald Frieson acquired 2,030 shares of the firm’s stock in a transaction on Wednesday, June 19th. The shares were purchased at an average cost of $98.69 per share, for a total transaction of $200,340.70. Following the completion of the acquisition, the executive vice president now directly owns 10,980 shares in the company, valued at $1,083,616.20. The purchase was disclosed in a filing with the SEC, which is available at this link. 0.07% of the stock is currently owned by insiders.
A number of analysts have recently issued reports on the stock. SunTrust Banks reiterated a “buy” rating and issued a $120.00 price objective on shares of Lowe’s Companies in a report on Friday, May 24th. Loop Capital lifted their price objective on shares of Lowe’s Companies to $105.00 and gave the company a “hold” rating in a report on Thursday, August 22nd. Citigroup lifted their price objective on shares of Lowe’s Companies from $122.00 to $137.00 and gave the company a “buy” rating in a report on Friday. UBS Group lifted their price objective on shares of Lowe’s Companies from $115.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Finally, Gabelli reiterated a “buy” rating on shares of Lowe’s Companies in a report on Thursday, May 23rd. Eight investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Lowe’s Companies has a consensus rating of “Buy” and an average target price of $118.00.
LOW traded down $0.93 during trading on Monday, reaching $112.43. 148,534 shares of the stock were exchanged, compared to its average volume of 5,394,800. The stock has a market cap of $87.89 billion, a P/E ratio of 21.87, a price-to-earnings-growth ratio of 1.47 and a beta of 1.30. Lowe’s Companies, Inc. has a twelve month low of $84.75 and a twelve month high of $118.23. The stock’s 50 day moving average price is $104.50 and its two-hundred day moving average price is $104.78. The company has a debt-to-equity ratio of 7.80, a quick ratio of 0.19 and a current ratio of 1.06.
Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, August 21st. The home improvement retailer reported $2.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.00 by $0.15. The business had revenue of $20.99 billion for the quarter, compared to the consensus estimate of $20.96 billion. Lowe’s Companies had a net margin of 3.52% and a return on equity of 111.09%. The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the previous year, the company earned $2.07 earnings per share. Equities research analysts predict that Lowe’s Companies, Inc. will post 5.65 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd will be issued a dividend of $0.55 per share. The ex-dividend date is Tuesday, October 22nd. This represents a $2.20 dividend on an annualized basis and a yield of 1.96%. Lowe’s Companies’s payout ratio is 42.80%.
Lowe’s Companies Company 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.
Featured Article: What is the definition of market timing?
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).
Receive News & Ratings for Lowe's Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies and related companies with MarketBeat.com's FREE daily email newsletter.