Dupont Capital Management Corp Trims Holdings in Lowe’s Companies, Inc. (LOW)
Dupont Capital Management Corp reduced its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 64.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,019 shares of the home improvement retailer’s stock after selling 32,469 shares during the quarter. Dupont Capital Management Corp’s holdings in Lowe’s Companies were worth $1,440,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Lowe’s Companies by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 63,871,103 shares of the home improvement retailer’s stock worth $5,250,843,000 after buying an additional 2,650,045 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD lifted its holdings in 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 valued at $8,177,000 after acquiring an additional 11,119 shares during the period. Blue Edge Capital LLC bought a new position in Lowe’s Companies in the first quarter valued at about $727,000. Summit Global Investments bought a new position in Lowe’s Companies in the second quarter valued at about $1,421,000. Finally, Ffcm LLC lifted its holdings in Lowe’s Companies by 6.4% in the second quarter. Ffcm LLC now owns 30,895 shares of the home improvement retailer’s stock valued at $2,395,000 after acquiring an additional 1,853 shares during the period. Institutional investors own 73.40% of the company’s stock.
A number of research analysts have weighed in on the company. Guggenheim assumed coverage on Lowe’s Companies in a report on Tuesday. They issued a “buy” rating and a $95.00 target price on the stock. Moffett Nathanson assumed coverage on Lowe’s Companies in a research report on Monday, December 4th. They issued a “buy” rating for the company. Deutsche Bank restated a “buy” rating and issued a $90.00 price target (up previously from $85.00) on shares of Lowe’s Companies in a research report on Friday, October 6th. Stifel Nicolaus upped their price target on Lowe’s Companies from $87.00 to $93.00 and gave the stock a “buy” rating in a research report on Tuesday, November 21st. Finally, Gordon Haskett assumed coverage on Lowe’s Companies in a research report on Tuesday, October 3rd. They issued an “accumulate” rating and a $88.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seventeen have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $87.66.
Shares of Lowe’s Companies, Inc. (LOW) traded up $0.61 during trading on Thursday, reaching $85.60. The company had a trading volume of 5,956,700 shares, compared to its average volume of 5,985,379. Lowe’s Companies, Inc. has a 52 week low of $70.49 and a 52 week high of $88.55. The company has a market capitalization of $70,521.35, a price-to-earnings ratio of 18.84, a PEG ratio of 1.28 and a beta of 1.15. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.12 and a current ratio of 1.02.
Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.03. Lowe’s Companies had a return on equity of 66.27% and a net margin of 5.16%. The company had revenue of $16.77 billion during the quarter, compared to analyst estimates of $16.59 billion. During the same period in the prior year, the company earned $0.88 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis. sell-side analysts predict that Lowe’s Companies, Inc. will post 4.51 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 7th. Stockholders of record on Wednesday, January 24th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Tuesday, January 23rd. Lowe’s Companies’s payout ratio is 39.33%.
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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.
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