Lowe’s Companies, Inc. (LOW) Stake Lifted by Royce & Associates LP
Royce & Associates LP lifted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 1.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 80,500 shares of the home improvement retailer’s stock after purchasing an additional 1,000 shares during the quarter. Royce & Associates LP’s holdings in Lowe’s Companies were worth $9,243,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Lowe’s Companies by 84.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,157 shares of the home improvement retailer’s stock valued at $4,267,000 after purchasing an additional 17,062 shares during the last quarter. Clarius Group LLC purchased a new stake in shares of Lowe’s Companies during the third quarter valued at $265,000. Standard Life Aberdeen plc lifted its holdings in shares of Lowe’s Companies by 2.6% during the third quarter. Standard Life Aberdeen plc now owns 733,604 shares of the home improvement retailer’s stock valued at $84,243,000 after purchasing an additional 18,483 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Lowe’s Companies by 289.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 300,750 shares of the home improvement retailer’s stock valued at $34,532,000 after purchasing an additional 223,475 shares during the last quarter. Finally, Summit Securities Group LLC purchased a new stake in shares of Lowe’s Companies during the third quarter valued at $792,000. 73.92% of the stock is owned by institutional investors.
In other Lowe’s Companies news, Director Brian C. Rogers purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 23rd. The shares were acquired at an average price of $88.02 per share, with a total value of $880,200.00. Following the transaction, the director now owns 10,000 shares in the company, valued at $880,200. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Marshall A. Croom sold 15,735 shares of the firm’s stock in a transaction dated Tuesday, September 18th. The shares were sold at an average price of $114.61, for a total transaction of $1,803,388.35. Following the completion of the transaction, the chief financial officer now directly owns 63,099 shares in the company, valued at approximately $7,231,776.39. The disclosure for this sale can be found here. 0.30% of the stock is owned by corporate insiders.
Lowe’s Companies stock opened at $89.40 on Friday. The company has a quick ratio of 0.18, a current ratio of 1.00 and a debt-to-equity ratio of 2.68. The company has a market cap of $73.51 billion, a P/E ratio of 20.36, a P/E/G ratio of 1.25 and a beta of 1.55. Lowe’s Companies, Inc. has a one year low of $81.16 and a one year high of $117.70.
Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Tuesday, November 20th. The home improvement retailer reported $1.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.06. The company had revenue of $17.42 billion for the quarter, compared to analysts’ expectations of $17.36 billion. Lowe’s Companies had a net margin of 5.19% and a return on equity of 72.47%. The business’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.05 EPS. On average, equities research analysts forecast that Lowe’s Companies, Inc. will post 5.11 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 6th. Stockholders of record on Wednesday, January 23rd will be given a dividend of $0.48 per share. The ex-dividend date is Tuesday, January 22nd. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.15%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 43.74%.
About Lowe’s Companies
Lowe’s Cos., Inc engages in the retail sale of home improvement products. It offers products for maintenance, repair, remodeling, home decorating, and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows, and doors.
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