Commerzbank Aktiengesellschaft FI Has $4.44 Million Stock Holdings in Lowe’s Companies, Inc. $LOW

Commerzbank Aktiengesellschaft FI lifted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 25.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 17,676 shares of the home improvement retailer’s stock after buying an additional 3,629 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Lowe’s Companies were worth $4,443,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Patten & Patten Inc. TN boosted its position in Lowe’s Companies by 6.3% during the 3rd quarter. Patten & Patten Inc. TN now owns 24,765 shares of the home improvement retailer’s stock worth $6,224,000 after buying an additional 1,478 shares during the period. Sagespring Wealth Partners LLC raised its stake in shares of Lowe’s Companies by 4.4% during the third quarter. Sagespring Wealth Partners LLC now owns 8,192 shares of the home improvement retailer’s stock valued at $2,059,000 after acquiring an additional 342 shares during the last quarter. Castle Wealth Management LLC lifted its holdings in shares of Lowe’s Companies by 3.2% during the third quarter. Castle Wealth Management LLC now owns 5,629 shares of the home improvement retailer’s stock worth $1,415,000 after purchasing an additional 176 shares during the period. Investment House LLC lifted its holdings in shares of Lowe’s Companies by 0.5% during the third quarter. Investment House LLC now owns 80,511 shares of the home improvement retailer’s stock worth $20,233,000 after purchasing an additional 370 shares during the period. Finally, Mendel Capital Management LLC grew its stake in shares of Lowe’s Companies by 7.3% in the third quarter. Mendel Capital Management LLC now owns 1,072 shares of the home improvement retailer’s stock worth $270,000 after purchasing an additional 73 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Trading Up 0.5%

NYSE LOW opened at $276.46 on Friday. The company has a market cap of $155.08 billion, a P/E ratio of 22.92, a PEG ratio of 4.59 and a beta of 0.96. The company has a fifty day simple moving average of $249.28 and a 200 day simple moving average of $246.21. Lowe’s Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $281.36.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, November 26th. The home improvement retailer reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.97 by $0.09. The firm had revenue of $20.81 billion for the quarter, compared to analyst estimates of $20.88 billion. Lowe’s Companies had a net margin of 8.05% and a negative return on equity of 55.86%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period last year, the firm earned $2.89 earnings per share. Sell-side analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 21st will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, January 21st. Lowe’s Companies’s payout ratio is currently 39.80%.

Insider Activity at Lowe’s Companies

In other news, CEO Marvin R. Ellison sold 18,000 shares of the firm’s stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $261.17, for a total value of $4,701,060.00. Following the transaction, the chief executive officer owned 231,043 shares in the company, valued at $60,341,500.31. This trade represents a 7.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.27% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

LOW has been the subject of several analyst reports. Telsey Advisory Group lowered their target price on Lowe’s Companies from $305.00 to $285.00 and set an “outperform” rating for the company in a research report on Thursday, November 20th. HSBC lowered their price objective on Lowe’s Companies from $285.00 to $263.00 and set a “hold” rating for the company in a research report on Friday, November 21st. Gordon Haskett upgraded Lowe’s Companies from a “hold” rating to a “buy” rating and set a $325.00 target price on the stock in a report on Tuesday, January 13th. Sanford C. Bernstein raised their price target on shares of Lowe’s Companies from $282.00 to $284.00 and gave the stock an “outperform” rating in a report on Thursday, November 20th. Finally, Stifel Nicolaus boosted their price target on shares of Lowe’s Companies from $230.00 to $250.00 and gave the stock a “hold” rating in a research report on Monday, December 1st. Nineteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Lowe’s Companies has a consensus rating of “Moderate Buy” and a consensus target price of $283.65.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.