Golub Group LLC Raises Position in Lowe’s Companies, Inc. (NYSE:LOW)

Golub Group LLC lifted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 8,017.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 202,945 shares of the home improvement retailer’s stock after purchasing an additional 200,445 shares during the period. Lowe’s Companies comprises approximately 1.8% of Golub Group LLC’s portfolio, making the stock its 28th largest position. Golub Group LLC’s holdings in Lowe’s Companies were worth $22,316,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in LOW. Nuveen Asset Management LLC lifted its position in shares of Lowe’s Companies by 6,680.1% during the 2nd quarter. Nuveen Asset Management LLC now owns 6,312,448 shares of the home improvement retailer’s stock worth $636,989,000 after purchasing an additional 6,219,346 shares during the last quarter. Viking Global Investors LP purchased a new stake in shares of Lowe’s Companies during the 2nd quarter worth $139,358,000. Prudential PLC lifted its position in shares of Lowe’s Companies by 456.1% during the 2nd quarter. Prudential PLC now owns 1,222,183 shares of the home improvement retailer’s stock worth $123,440,000 after purchasing an additional 1,002,390 shares during the last quarter. Eaton Vance Management lifted its position in shares of Lowe’s Companies by 49.9% during the 2nd quarter. Eaton Vance Management now owns 2,366,912 shares of the home improvement retailer’s stock worth $238,844,000 after purchasing an additional 788,392 shares during the last quarter. Finally, Nomura Holdings Inc. lifted its position in shares of Lowe’s Companies by 3,951.6% during the 2nd quarter. Nomura Holdings Inc. now owns 658,582 shares of the home improvement retailer’s stock worth $67,380,000 after purchasing an additional 642,327 shares during the last quarter. 76.35% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently issued reports on the stock. Telsey Advisory Group lifted their price objective on shares of Lowe’s Companies from $116.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Raymond James cut shares of Lowe’s Companies from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 8th. Royal Bank of Canada boosted their price target on shares of Lowe’s Companies from $123.00 to $129.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Zacks Investment Research raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $116.00 price target for the company in a research report on Monday, September 30th. Finally, Wells Fargo & Co boosted their price target on shares of Lowe’s Companies from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Six investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $123.20.

In related news, CAO Matthew V. Hollifield sold 12,136 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $112.34, for a total transaction of $1,363,358.24. Following the sale, the chief accounting officer now owns 28,017 shares of the company’s stock, valued at $3,147,429.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Jennifer L. Weber sold 12,589 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $112.62, for a total transaction of $1,417,773.18. Following the sale, the executive vice president now directly owns 17,440 shares in the company, valued at approximately $1,964,092.80. The disclosure for this sale can be found here. 0.07% of the stock is currently owned by insiders.

Shares of Lowe’s Companies stock traded up $1.40 on Friday, reaching $114.00. 2,748,129 shares of the stock were exchanged, compared to its average volume of 4,548,905. Lowe’s Companies, Inc. has a 1-year low of $84.75 and a 1-year high of $118.23. The company has a current ratio of 1.06, a quick ratio of 0.19 and a debt-to-equity ratio of 7.80. The business has a fifty day moving average price of $110.71 and a two-hundred day moving average price of $105.70. The firm has a market capitalization of $86.60 billion, a PE ratio of 22.18, a PEG ratio of 1.47 and a beta of 1.29.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, August 21st. The home improvement retailer reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.00 by $0.15. Lowe’s Companies had a net margin of 3.52% and a return on equity of 111.09%. The business had revenue of $20.99 billion for the quarter, compared to analyst estimates of $20.96 billion. During the same period in the previous year, the business posted $2.07 earnings per share. The business’s revenue was up .5% compared to the same quarter last year. Research analysts expect that Lowe’s Companies, Inc. will post 5.67 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.93%. Lowe’s Companies’s dividend payout ratio is currently 42.80%.

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. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.

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

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