Glenview Trust Co Raises Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Glenview Trust Co increased its stake in shares of Lowe’s Companies, Inc. (NYSE:LOWGet Rating) by 0.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 99,858 shares of the home improvement retailer’s stock after buying an additional 731 shares during the quarter. Glenview Trust Co’s holdings in Lowe’s Companies were worth $18,754,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its stake in Lowe’s Companies by 7,952.8% during the first quarter. Renaissance Technologies LLC now owns 1,586,400 shares of the home improvement retailer’s stock worth $320,754,000 after acquiring an additional 1,566,700 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Lowe’s Companies by 2,072.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,078,468 shares of the home improvement retailer’s stock valued at $218,055,000 after buying an additional 1,028,827 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Lowe’s Companies by 209.0% in the first quarter. First Trust Advisors LP now owns 1,219,542 shares of the home improvement retailer’s stock valued at $246,579,000 after buying an additional 824,915 shares in the last quarter. Deutsche Bank AG boosted its holdings in Lowe’s Companies by 44.3% in the second quarter. Deutsche Bank AG now owns 2,324,728 shares of the home improvement retailer’s stock valued at $406,063,000 after purchasing an additional 713,735 shares during the period. Finally, Barclays PLC lifted its holdings in Lowe’s Companies by 176.1% during the 3rd quarter. Barclays PLC now owns 925,087 shares of the home improvement retailer’s stock worth $173,738,000 after buying an additional 590,013 shares during the last quarter. Hedge funds and other institutional investors own 72.62% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of LOW stock traded down $1.35 during trading hours on Tuesday, hitting $203.76. 220,528 shares of the company were exchanged, compared to its average volume of 2,780,589. Lowe’s Companies, Inc. has a one year low of $170.12 and a one year high of $240.71. The business’s 50-day simple moving average is $206.20 and its two-hundred day simple moving average is $198.75. The stock has a market capitalization of $126.47 billion, a price-to-earnings ratio of 20.09, a P/E/G ratio of 1.13 and a beta of 1.16.

Lowe’s Companies (NYSE:LOWGet Rating) last issued its earnings results on Wednesday, November 16th. The home improvement retailer reported $3.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.11 by $0.16. Lowe’s Companies had a net margin of 6.97% and a negative return on equity of 103.72%. The firm had revenue of $23.48 billion for the quarter, compared to analysts’ expectations of $23.16 billion. During the same quarter last year, the company posted $2.73 earnings per share. Lowe’s Companies’s revenue was up 2.4% on a year-over-year basis. As a group, analysts anticipate that Lowe’s Companies, Inc. will post 13.73 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 8th. Stockholders of record on Wednesday, January 25th will be issued a dividend of $1.05 per share. The ex-dividend date is Tuesday, January 24th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.06%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 41.14%.

Analysts Set New Price Targets

A number of brokerages have issued reports on LOW. MKM Partners decreased their price target on Lowe’s Companies from $220.00 to $205.00 in a report on Wednesday, November 9th. Morgan Stanley reduced their target price on Lowe’s Companies from $270.00 to $235.00 and set an “overweight” rating for the company in a report on Tuesday, January 17th. Telsey Advisory Group dropped their price target on Lowe’s Companies to $250.00 in a research report on Monday, December 12th. The Goldman Sachs Group boosted their target price on Lowe’s Companies from $241.00 to $246.00 and gave the stock a “buy” rating in a research report on Wednesday, December 7th. Finally, StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, January 13th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus price target of $229.12.

Insider Activity

In related news, EVP Ross W. Mccanless sold 57,629 shares of the firm’s stock in a transaction that occurred on Tuesday, December 13th. The shares were sold at an average price of $211.35, for a total transaction of $12,179,889.15. Following the transaction, the executive vice president now owns 26,923 shares in the company, valued at $5,690,176.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.24% of the company’s stock.

Lowe’s Companies Company Profile

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Lowe’s Cos., Inc engages in the retail sale of home improvement products. The firm offers products for maintenance, repair, remodeling, home decorating and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows and doors.

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

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