Seeyond Cuts Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Seeyond trimmed its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 11,945 shares of the home improvement retailer’s stock after selling 394 shares during the quarter. Seeyond’s holdings in Lowe’s Companies were worth $2,316,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. RE Advisers Corp purchased a new stake in shares of Lowe’s Companies during the 2nd quarter valued at about $29,000. USA Financial Portformulas Corp boosted its holdings in shares of Lowe’s Companies by 1,505.6% during the 2nd quarter. USA Financial Portformulas Corp now owns 289 shares of the home improvement retailer’s stock valued at $56,000 after acquiring an additional 271 shares during the last quarter. Twin Lakes Capital Management LLC purchased a new stake in shares of Lowe’s Companies during the 1st quarter valued at about $57,000. MV Capital Management Inc. boosted its holdings in shares of Lowe’s Companies by 36.6% during the 2nd quarter. MV Capital Management Inc. now owns 332 shares of the home improvement retailer’s stock valued at $64,000 after acquiring an additional 89 shares during the last quarter. Finally, Cowen Prime Advisors LLC purchased a new stake in shares of Lowe’s Companies during the 2nd quarter valued at about $66,000. 72.80% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on LOW. TheStreet downgraded shares of Lowe’s Companies from a “b” rating to a “c+” rating in a report on Wednesday, August 18th. OTR Global cut shares of Lowe’s Companies to a “positive” rating in a research note on Tuesday, August 10th. Morgan Stanley increased their price objective on shares of Lowe’s Companies from $230.00 to $240.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 31st. Credit Suisse Group increased their price objective on shares of Lowe’s Companies from $208.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, August 19th. Finally, Loop Capital cut shares of Lowe’s Companies from a “buy” rating to a “hold” rating and set a $220.00 price objective on the stock. in a research note on Friday, October 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $221.71.

Shares of Lowe’s Companies stock traded up $2.85 on Thursday, hitting $214.97. 30,678 shares of the company traded hands, compared to its average volume of 3,846,964. The stock has a market capitalization of $148.85 billion, a P/E ratio of 21.89, a price-to-earnings-growth ratio of 1.26 and a beta of 1.34. The company has a debt-to-equity ratio of 49.23, a quick ratio of 0.36 and a current ratio of 1.16. Lowe’s Companies, Inc. has a 52 week low of $146.72 and a 52 week high of $215.22. The business has a 50-day simple moving average of $203.06 and a 200 day simple moving average of $197.92.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Tuesday, August 17th. The home improvement retailer reported $4.25 EPS for the quarter, topping the consensus estimate of $4.01 by $0.24. The company had revenue of $27.57 billion during the quarter, compared to analyst estimates of $26.76 billion. Lowe’s Companies had a net margin of 7.41% and a return on equity of 541.39%. Lowe’s Companies’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.75 earnings per share. Research analysts expect that Lowe’s Companies, Inc. will post 11.26 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 3rd. Stockholders of record on Wednesday, October 20th will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Tuesday, October 19th. Lowe’s Companies’s dividend payout ratio is currently 36.12%.

Lowe’s Companies Company Profile

Lowe’s Cos., Inc engages in the retail sale of home improvement products. The firm offers products for maintenance, repair, remodelling, 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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