Skandinaviska Enskilda Banken AB publ Sells 8,211 Shares of Lowe’s Companies, Inc. (LOW)

Skandinaviska Enskilda Banken AB publ cut its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 5.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Global Financial Private Capital LLC acquired a new stake in shares of Lowe’s Companies in the 3rd quarter worth $208,000. Cannell Peter B & Co. Inc. increased its stake in shares of Lowe’s Companies by 1,063.1% in the 3rd quarter. Cannell Peter B & Co. Inc. now owns 471,830 shares of the home improvement retailer’s stock worth $54,176,000 after acquiring an additional 431,265 shares during the last quarter. Penserra Capital Management LLC increased its stake in shares of Lowe’s Companies by 16.5% in the 3rd quarter. Penserra Capital Management LLC now owns 4,784 shares of the home improvement retailer’s stock worth $549,000 after acquiring an additional 676 shares during the last quarter. IFG Advisory LLC increased its stake in shares of Lowe’s Companies by 4.7% in the 3rd quarter. IFG Advisory LLC now owns 12,565 shares of the home improvement retailer’s stock worth $1,442,000 after acquiring an additional 560 shares during the last quarter. Finally, Stack Financial Management Inc acquired a new stake in shares of Lowe’s Companies in the 3rd quarter worth $210,000. 74.59% of the stock is owned by institutional investors and hedge funds.

LOW has been the subject of a number of recent analyst reports. Gordon Haskett downgraded Lowe’s Companies from an “accumulate” rating to a “hold” rating in a research report on Thursday. Jefferies Financial Group set a $126.00 price objective on Lowe’s Companies and gave the stock a “buy” rating in a research report on Monday, November 5th. Credit Suisse Group reissued a “hold” rating and set a $111.00 price objective on shares of Lowe’s Companies in a research report on Monday, November 5th. Loop Capital set a $130.00 price objective on Lowe’s Companies and gave the stock a “buy” rating in a research report on Wednesday, October 24th. Finally, Citigroup raised Lowe’s Companies from a “neutral” rating to a “buy” rating and set a $112.00 price objective for the company in a research report on Tuesday, October 23rd. Nine investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $112.41.

NYSE LOW opened at $96.82 on Friday. The stock has a market capitalization of $81.31 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 1.35 and a beta of 1.52. 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, Inc. has a 1-year low of $77.14 and a 1-year 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 for the quarter, beating the consensus estimate of $2.02 by $0.05. The company had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.79 billion. Lowe’s Companies had a return on equity of 71.96% and a net margin of 5.58%. Lowe’s Companies’s revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.57 EPS. On average, sell-side analysts forecast that Lowe’s Companies, Inc. will post 5.18 earnings per share for the current fiscal year.

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

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

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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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