Schroder Investment Management Group Sells 32,124 Shares of Lowe’s Companies, Inc. (LOW)

Schroder Investment Management Group lessened its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 566,667 shares of the home improvement retailer’s stock after selling 32,124 shares during the period. Schroder Investment Management Group owned 0.07% of Lowe’s Companies worth $54,400,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Almanack Investment Partners LLC. bought a new position in shares of Lowe’s Companies in the second quarter worth about $103,000. CSat Investment Advisory L.P. bought a new position in shares of Lowe’s Companies in the second quarter worth about $108,000. NuWave Investment Management LLC bought a new position in shares of Lowe’s Companies in the second quarter worth about $126,000. FNY Investment Advisers LLC bought a new position in shares of Lowe’s Companies in the second quarter worth about $127,000. Finally, Rainier Group Investment Advisory LLC bought a new position in shares of Lowe’s Companies in the first quarter worth about $121,000. 74.49% of the stock is owned by institutional investors and hedge funds.

In related news, Director Lisa W. Wardell acquired 273 shares of the firm’s stock in a transaction on Friday, August 24th. The shares were acquired at an average cost of $107.72 per share, for a total transaction of $29,407.56. Following the completion of the transaction, the director now directly owns 273 shares in the company, valued at approximately $29,407.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Marshall A. Croom sold 15,735 shares of the company’s stock in a transaction that occurred on Tuesday, September 18th. The shares were sold at an average price of $114.61, for a total value of $1,803,388.35. Following the sale, the chief financial officer now owns 63,099 shares in the company, valued at $7,231,776.39. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

Shares of Lowe’s Companies stock opened at $109.90 on Tuesday. Lowe’s Companies, Inc. has a 12 month low of $75.36 and a 12 month high of $117.70. The company has a market cap of $92.81 billion, a P/E ratio of 25.03, a PEG ratio of 1.54 and a beta of 1.39. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.06 and a quick ratio of 0.25.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, August 22nd. The home improvement retailer reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.05. Lowe’s Companies had a return on equity of 71.96% and a net margin of 5.58%. The company had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.79 billion. During the same period in the prior year, the company earned $1.57 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis. Research analysts predict that Lowe’s Companies, Inc. will post 5.19 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 7th. Shareholders of record on Wednesday, October 24th will be given a dividend of $0.48 per share. The ex-dividend date is Tuesday, October 23rd. This represents a $1.92 dividend on an annualized basis and a yield of 1.75%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 43.74%.

LOW has been the subject of a number of recent analyst reports. Loop Capital set a $115.00 price objective on Lowe’s Companies and gave the stock a “buy” rating in a research note on Wednesday, July 18th. KeyCorp reaffirmed an “overweight” rating and issued a $115.00 price objective (up previously from $105.00) on shares of Lowe’s Companies in a research note on Tuesday, July 24th. Zacks Investment Research raised Lowe’s Companies from a “hold” rating to a “buy” rating and set a $113.00 price objective for the company in a research note on Tuesday, July 24th. Jefferies Financial Group initiated coverage on Lowe’s Companies in a research note on Tuesday, August 21st. They issued a “buy” rating and a $118.00 price objective for the company. Finally, Wells Fargo & Co reaffirmed a “buy” rating on shares of Lowe’s Companies in a research note on Wednesday, August 22nd. Eight research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $111.93.

Lowe’s Companies Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal and outdoor living, lawn and garden, paint, millwork, flooring, and kitchens, as well as outdoor power equipment.

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

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