2 weeks Ago By ABMN Staff
The Manufacturers Life Insurance Company grew its position in Lowe’s Companies, Inc. ( NYSE:LOW – Free Report ) by 11.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC).
The fund owned 1,499,015 shares of the home improvement retailer’s stock after purchasing an additional 149,649 shares during the period. The Manufacturers Life Insurance Company owned about 0.26% of Lowe’s Companies worth $330,473,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Voisard Asset Management Group Inc. acquired a new position in Lowe’s Companies in the fourth quarter worth approximately $28,000.
Transcendent Capital Group LLC bought a new stake in Lowe’s Companies in the fourth quarter worth approximately $31,000. Stephens Consulting LLC increased its stake in shares of Lowe’s Companies by 93.3% during the 2nd quarter.
Stephens Consulting LLC now owns 145 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 70 shares during the last quarter. Keener Financial Planning LLC bought a new position in shares of Lowe’s Companies during the 1st quarter valued at $35,000. Finally, Raleigh Capital Management Inc.
lifted its stake in shares of Lowe’s Companies by 48.8% in the 4th quarter. Raleigh Capital Management Inc.
now owns 183 shares of the home improvement retailer’s stock valued at $41,000 after purchasing an additional 60 shares during the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Lowe’s Companies In related news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $248.
82, for a total transaction of $1,684,262.58. Following the sale, the chief accounting officer now directly owns 9,383 shares in the company, valued at approximately $2,334,678.
06. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink . 0.
26% of the stock is owned by company insiders. Lowe’s Companies Trading Up 0.3 % Lowe’s Companies ( NYSE:LOW – Get Free Report ) last issued its quarterly earnings data on Tuesday, August 20th.
The home improvement retailer reported $4.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.96 by $0.
14. Lowe’s Companies had a negative return on equity of 47.07% and a net margin of 8.
25%. The company had revenue of $23.59 billion during the quarter, compared to analysts’ expectations of $23.
93 billion. During the same period last year, the business earned $4.56 earnings per share.
The business’s revenue was down 5.5% on a year-over-year basis. Sell-side analysts forecast that Lowe’s Companies, Inc.
will post 11.93 EPS for the current year. Lowe’s Companies Increases Dividend The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th.
Stockholders of record on Wednesday, October 23rd will be paid a $1.15 dividend. The ex-dividend date is Wednesday, October 23rd.
This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.73%.
This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.15. Lowe’s Companies’s payout ratio is 36.
95%. Analysts Set New Price Targets LOW has been the topic of several recent research reports. Gordon Haskett cut their target price on Lowe’s Companies from $245.
00 to $240.00 and set a “hold” rating on the stock in a report on Wednesday, August 21st. Evercore ISI raised their price objective on Lowe’s Companies from $225.
00 to $250.00 and gave the company an “in-line” rating in a research note on Wednesday, August 21st. JPMorgan Chase & Co.
decreased their target price on Lowe’s Companies from $272.00 to $270.00 and set an “overweight” rating for the company in a research report on Wednesday, August 21st.
Morgan Stanley lifted their price target on shares of Lowe’s Companies from $250.00 to $255.00 and gave the company an “overweight” rating in a research report on Wednesday, August 21st.
Finally, UBS Group raised their target price on shares of Lowe’s Companies from $270.00 to $290.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st.
Eleven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and an average target price of $258.
13. View Our Latest Analysis on LOW Lowe’s Companies Profile ( Free Report ) Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating.
It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical. Recommended Stories 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 .
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