Bedel Financial Consulting Inc. bought a new position in shares of Lowe's Companies, Inc. (NYSE:LOW) in the fourth quarter, Holdings Channel reports. The firm bought 5,147 shares of the home improvement retailer’s stock, valued at approximately $478,000.

A number of other institutional investors have also recently added to or reduced their stakes in LOW. Atlantic Trust LLC acquired a new position in Lowe's Companies during the 2nd quarter worth $105,000. Stonehearth Capital Management LLC acquired a new position in Lowe's Companies during the 4th quarter worth $112,000. Cerebellum GP LLC acquired a new position in Lowe's Companies during the 4th quarter worth $129,000. Motco lifted its position in Lowe's Companies by 33.4% during the 2nd quarter. Motco now owns 1,725 shares of the home improvement retailer’s stock worth $134,000 after acquiring an additional 432 shares during the last quarter. Finally, Horan Capital Advisors LLC. acquired a new position in Lowe's Companies during the 3rd quarter worth $134,000. 72.41% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently issued reports on the stock. Atlantic Securities downgraded shares of Lowe's Companies from an “overweight” rating to a “neutral” rating and set a $92.00 price objective on the stock. in a report on Tuesday, November 28th. Credit Suisse Group set a $116.00 price objective on shares of Lowe's Companies and gave the stock a “buy” rating in a report on Tuesday, January 16th. Piper Jaffray Companies restated a “hold” rating and set a $82.00 price objective on shares of Lowe's Companies in a report on Friday, November 24th. Stifel Nicolaus restated a “buy” rating and set a $103.00 price objective on shares of Lowe's Companies in a report on Friday, December 22nd. Finally, Barclays upgraded shares of Lowe's Companies from an “equal weight” rating to an “overweight” rating in a report on Friday, January 5th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $96.35.

In other Lowe's Companies news, insider Nelson B. Peace sold 3,352 shares of the business’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $80.20, for a total value of $268,830.40. Following the transaction, the insider now directly owns 4,650 shares in the company, valued at $372,930. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.11% of the stock is owned by insiders.

Lowe's Companies, Inc. (LOW) opened at $96.06 on Wednesday. The company has a market cap of $79,710.00, a PE ratio of 23.09, a price-to-earnings-growth ratio of 0.91 and a beta of 1.19. Lowe's Companies, Inc. has a 12-month low of $70.76 and a 12-month high of $108.98. The company has a debt-to-equity ratio of 2.71, a current ratio of 1.02 and a quick ratio of 0.12.

Lowe's Companies (NYSE:LOW) last released its quarterly earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.03. The firm had revenue of $16.77 billion for the quarter, compared to analyst estimates of $16.59 billion. Lowe's Companies had a net margin of 5.16% and a return on equity of 66.27%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.88 earnings per share. equities research analysts predict that Lowe's Companies, Inc. will post 4.53 EPS for the current year.

Lowe's Companies declared that its board has approved a share buyback plan on Friday, January 26th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the home improvement retailer to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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Lowe's Companies Profile

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

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