Lowe’s Companies, Inc. (LOW) Position Trimmed by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ decreased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.6% in the 3rd quarter, Holdings Channel reports. The firm owned 137,440 shares of the home improvement retailer’s stock after selling 8,211 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Lowe’s Companies were worth $15,781,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of LOW. Almanack Investment Partners LLC. purchased a new stake in Lowe’s Companies in the second quarter valued at approximately $103,000. CSat Investment Advisory L.P. purchased a new stake in Lowe’s Companies in the second quarter valued at approximately $108,000. Capital Advisors Ltd. LLC purchased a new stake in Lowe’s Companies in the third quarter valued at approximately $116,000. NuWave Investment Management LLC purchased a new stake in Lowe’s Companies in the second quarter valued at approximately $126,000. Finally, FNY Investment Advisers LLC purchased a new stake in Lowe’s Companies in the second quarter valued at approximately $127,000. Hedge funds and other institutional investors own 74.59% of the company’s stock.

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

A number of equities research analysts have weighed in on the company. Zacks Investment Research cut Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 14th. Stifel Nicolaus boosted their price objective on Lowe’s Companies from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, August 23rd. Credit Suisse Group reiterated a “hold” rating and issued a $111.00 price objective on shares of Lowe’s Companies in a research note on Monday, November 5th. Wedbush set a $115.00 price objective on Lowe’s Companies and gave the company a “neutral” rating in a research note on Monday, October 15th. Finally, Gordon Haskett cut Lowe’s Companies from an “accumulate” rating to a “hold” rating in a research note on Thursday. Nine equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $112.41.

NYSE:LOW opened at $96.82 on Friday. The company has a market capitalization of $81.31 billion, a PE ratio of 19.92, a P/E/G ratio of 1.35 and a beta of 1.52. The company has a current ratio of 1.06, a quick ratio of 0.25 and a debt-to-equity ratio of 2.58. Lowe’s Companies, Inc. has a 12-month low of $77.14 and a 12-month high of $117.70.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, August 22nd. The home improvement retailer reported $2.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.02 by $0.05. The business had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. Lowe’s Companies had a return on equity of 71.96% and a net margin of 5.58%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.57 earnings per share. Equities analysts predict that Lowe’s Companies, Inc. will post 5.18 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 6th. Stockholders of record on Wednesday, January 23rd will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.98%. Lowe’s Companies’s payout ratio is currently 43.74%.

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About Lowe’s Companies

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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