CHICAGO TRUST Co NA Increases Stake in Lowe’s Companies, Inc. (LOW)
CHICAGO TRUST Co NA lifted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,606 shares of the home improvement retailer’s stock after acquiring an additional 46 shares during the period. CHICAGO TRUST Co NA’s holdings in Lowe’s Companies were worth $280,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. SRS Capital Advisors Inc. grew its position in shares of Lowe’s Companies by 0.4% during the first quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock worth $101,000 after acquiring an additional 5 shares during the last quarter. Harbour Capital Advisors LLC purchased a new position in Lowe’s Companies in the 1st quarter valued at $103,000. Hanson McClain Inc. grew its position in Lowe’s Companies by 3.5% in the 1st quarter. Hanson McClain Inc. now owns 1,337 shares of the home improvement retailer’s stock valued at $110,000 after buying an additional 45 shares during the last quarter. First Bank & Trust grew its position in Lowe’s Companies by 11.5% in the 1st quarter. First Bank & Trust now owns 1,421 shares of the home improvement retailer’s stock valued at $117,000 after buying an additional 147 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in Lowe’s Companies in the 1st quarter valued at $119,000. Institutional investors and hedge funds own 74.20% of the company’s stock.
A number of equities analysts recently weighed in on the stock. Stifel Nicolaus lowered their price objective on shares of Lowe’s Companies from $89.00 to $87.00 and set a “buy” rating on the stock in a research report on Thursday, May 25th. Goldman Sachs Group, Inc. (The) lowered their price objective on shares of Lowe’s Companies from $97.00 to $96.00 and set a “buy” rating on the stock in a research report on Thursday, May 25th. Wolfe Research reiterated an “outperform” rating and issued a $94.00 price objective (down from $95.00) on shares of Lowe’s Companies in a research report on Sunday, May 28th. Jefferies Group LLC reiterated a “hold” rating and issued a $89.00 price objective (down from $94.00) on shares of Lowe’s Companies in a research report on Sunday, May 28th. Finally, Oppenheimer Holdings, Inc. set a $100.00 price objective on shares of Lowe’s Companies and gave the company a “buy” rating in a research report on Wednesday, May 24th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $85.00.
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In related news, insider Paul D. Ramsay sold 2,098 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $78.02, for a total transaction of $163,685.96. Following the completion of the transaction, the insider now owns 8,400 shares of the company’s stock, valued at $655,368. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.11% of the company’s stock.
Shares of Lowe’s Companies, Inc. (NYSE LOW) traded up 0.13% on Thursday, reaching $78.01. 3,149,654 shares of the company traded hands. The company has a market capitalization of $64.97 billion, a PE ratio of 22.15 and a beta of 1.07. The firm has a 50-day moving average of $76.25 and a 200-day moving average of $79.59. Lowe’s Companies, Inc. has a 52-week low of $64.87 and a 52-week high of $86.25. Lowe’s Companies also was the target of some unusual options trading on Monday. Investors acquired 6,466 put options on the stock. This is an increase of approximately 538% compared to the average daily volume of 1,014 put options.
Lowe’s Companies (NYSE:LOW) last announced 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). Lowe’s Companies had a net margin of 4.51% and a return on equity of 62.02%. The firm had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.58 billion. During the same period in the prior year, the business earned $1.37 EPS. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. On average, equities research analysts forecast that Lowe’s Companies, Inc. will post $4.50 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Investors of record on Wednesday, October 25th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, October 24th. This represents a $1.64 annualized dividend and a yield of 2.10%. Lowe’s Companies’s dividend payout ratio is currently 46.20%.
About Lowe’s Companies
Lowe’s Companies, Inc (Lowe’s) is a FORTUNE 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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