Gamco Investors INC. ET AL decreased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 2.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,950 shares of the home improvement retailer’s stock after selling 400 shares during the period. Gamco Investors INC. ET AL’s holdings in Lowe’s Companies were worth $1,159,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Lowe’s Companies by 4.3% in the first quarter. Vanguard Group Inc. now owns 63,871,103 shares of the home improvement retailer’s stock worth $5,250,843,000 after acquiring an additional 2,650,045 shares during the period. Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of Lowe’s Companies by 11.8% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 105,471 shares of the home improvement retailer’s stock worth $8,177,000 after acquiring an additional 11,119 shares during the period. Blue Edge Capital LLC bought a new position in shares of Lowe’s Companies in the first quarter worth about $727,000. Dimensional Fund Advisors LP boosted its stake in shares of Lowe’s Companies by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,425,597 shares of the home improvement retailer’s stock worth $199,407,000 after acquiring an additional 60,109 shares during the period. Finally, KCG Holdings Inc. boosted its stake in shares of Lowe’s Companies by 170.7% in the first quarter. KCG Holdings Inc. now owns 69,485 shares of the home improvement retailer’s stock worth $5,712,000 after acquiring an additional 43,815 shares during the period. 74.22% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: “Lowe’s Companies, Inc. (LOW) Stake Decreased by Gamco Investors INC. ET AL” was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece of content on another publication, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this piece of content can be read at https://www.thecerbatgem.com/2017/10/09/lowes-companies-inc-low-stake-decreased-by-gamco-investors-inc-et-al.html.

In related news, insider Paul D. Ramsay sold 2,098 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $78.02, for a total value of $163,685.96. Following the transaction, the insider now directly owns 8,400 shares in the company, valued at $655,368. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Matthew V. Hollifield sold 7,853 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $78.30, for a total value of $614,889.90. Following the completion of the transaction, the senior vice president now owns 30,750 shares in the company, valued at $2,407,725. The disclosure for this sale can be found here. Corporate insiders own 0.11% of the company’s stock.

A number of research firms have recently weighed in on LOW. Deutsche Bank AG reaffirmed a “buy” rating and issued a $90.00 price objective (up previously from $85.00) on shares of Lowe’s Companies in a research note on Friday. Gordon Haskett began coverage on Lowe’s Companies in a research note on Tuesday, October 3rd. They issued an “accumulate” rating and a $88.00 price objective for the company. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $80.00 price objective on shares of Lowe’s Companies in a research note on Friday, September 29th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $75.00 price objective on shares of Lowe’s Companies in a research note on Thursday, September 28th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $81.00 price objective on shares of Lowe’s Companies in a research note on Monday, September 25th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $85.32.

Shares of Lowe’s Companies, Inc. (LOW) opened at 81.86 on Monday. The company has a market capitalization of $68.17 billion, a price-to-earnings ratio of 23.24 and a beta of 1.07. Lowe’s Companies, Inc. has a 1-year low of $64.87 and a 1-year high of $86.25. The stock has a 50 day moving average price of $77.32 and a 200 day moving average price of $79.43.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($0.05). The company had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.58 billion. Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.37 earnings per share. On average, equities analysts anticipate that Lowe’s Companies, Inc. will post $4.50 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 8th. Investors of record on Wednesday, October 25th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Tuesday, October 24th. Lowe’s Companies’s dividend payout ratio is presently 46.20%.

About Lowe’s Companies

Lowe’s Companies, Inc (Lowe’s) is a home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens.

Want to see what other hedge funds are holding LOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lowe’s Companies, Inc. (NYSE:LOW).

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

Receive News & Stock Ratings for Lowe's Companies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies Inc. and related stocks with our FREE daily email newsletter.