Fort Washington Investment Advisors Inc. OH Has $2.37 Million Position in Lowe’s Companies, Inc. (NYSE:LOW)

Fort Washington Investment Advisors Inc. OH reduced its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,764 shares of the home improvement retailer’s stock after selling 649 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Lowe’s Companies were worth $2,365,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tredje AP fonden raised its position in Lowe’s Companies by 1.3% in the first quarter. Tredje AP fonden now owns 92,611 shares of the home improvement retailer’s stock worth $7,614,000 after buying an additional 1,218 shares during the last quarter. Cornerstone Capital Management Holdings LLC. raised its position in Lowe’s Companies by 7.4% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 673,813 shares of the home improvement retailer’s stock worth $55,393,000 after buying an additional 46,537 shares during the last quarter. IFM Investors Pty Ltd raised its position in Lowe’s Companies by 0.9% in the first quarter. IFM Investors Pty Ltd now owns 11,510 shares of the home improvement retailer’s stock worth $946,000 after buying an additional 100 shares during the last quarter. Patton Albertson Miller Group LLC raised its position in Lowe’s Companies by 10.0% in the first quarter. Patton Albertson Miller Group LLC now owns 23,385 shares of the home improvement retailer’s stock worth $2,008,000 after buying an additional 2,117 shares during the last quarter. Finally, Cibc World Markets Corp raised its position in Lowe’s Companies by 6.5% in the first quarter. Cibc World Markets Corp now owns 506,964 shares of the home improvement retailer’s stock worth $41,678,000 after buying an additional 30,749 shares during the last quarter. 74.65% of the stock is owned by institutional investors and hedge funds.

Shares of Lowe’s Companies, Inc. (NYSE LOW) opened at 73.64 on Friday. The stock’s 50 day moving average is $76.47 and its 200-day moving average is $79.47. The firm has a market cap of $62.17 billion, a price-to-earnings ratio of 23.09 and a beta of 1.08. Lowe’s Companies, Inc. has a 12-month low of $64.87 and a 12-month high of $86.25.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, May 24th. The home improvement retailer reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by $0.03. The firm had revenue of $16.86 billion during the quarter, compared to analyst estimates of $16.99 billion. Lowe’s Companies had a net margin of 4.22% and a return on equity of 56.78%. The business’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.87 earnings per share. On average, analysts anticipate that Lowe’s Companies, Inc. will post $4.62 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 8th. Investors of record on Wednesday, October 25th will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.23%. Lowe’s Companies’s dividend payout ratio is 51.57%.

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A number of research analysts have issued reports on LOW shares. Vetr raised shares of Lowe’s Companies from a “strong sell” rating to a “hold” rating and set a $83.11 target price for the company in a research note on Monday, April 24th. Zacks Investment Research lowered shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, May 3rd. Credit Suisse Group set a $94.00 target price on shares of Lowe’s Companies and gave the company a “buy” rating in a research note on Tuesday, May 2nd. BMO Capital Markets reissued a “buy” rating and set a $89.00 target price on shares of Lowe’s Companies in a research note on Friday, May 5th. Finally, Jefferies Group LLC boosted their target price on shares of Lowe’s Companies from $80.00 to $94.00 and gave the company a “hold” rating in a research note on Friday, May 12th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and fifteen have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $85.69.

In related news, insider Richard D. Maltsbarger sold 11,672 shares of the stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $80.20, for a total value of $936,094.40. Following the sale, the insider now directly owns 37,716 shares in the company, valued at approximately $3,024,823.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.11% of the company’s stock.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.

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

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