Oakbrook Investments LLC Has $6.84 Million Holdings in Lowe's Companies, Inc. (LOW)
Oakbrook Investments LLC lifted its position in Lowe's Companies, Inc. (NYSE:LOW) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 73,596 shares of the home improvement retailer’s stock after buying an additional 1,680 shares during the quarter. Oakbrook Investments LLC’s holdings in Lowe's Companies were worth $6,840,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently modified their holdings of LOW. Atlantic Trust LLC acquired a new position in Lowe's Companies during the 2nd quarter valued at $105,000. Stonehearth Capital Management LLC acquired a new position in Lowe's Companies during the 4th quarter valued at $112,000. Motco raised its stake in Lowe's Companies by 33.4% during the 2nd quarter. Motco now owns 1,725 shares of the home improvement retailer’s stock valued at $134,000 after purchasing an additional 432 shares during the last quarter. Horan Capital Advisors LLC. acquired a new position in Lowe's Companies during the 3rd quarter valued at $134,000. Finally, Bank of Nova Scotia Trust Co. acquired a new position in Lowe's Companies during the 3rd quarter valued at $148,000. Institutional investors and hedge funds own 72.48% of the company’s stock.
LOW has been the subject of several research analyst reports. Royal Bank of Canada reiterated a “buy” rating and set a $81.00 target price on shares of Lowe's Companies in a research note on Monday, September 25th. Jefferies Group reissued a “hold” rating and issued a $75.00 price target on shares of Lowe's Companies in a report on Thursday, September 28th. Piper Jaffray Companies reissued a “hold” rating and issued a $80.00 price target on shares of Lowe's Companies in a report on Friday, September 29th. Gordon Haskett began coverage on shares of Lowe's Companies in a report on Tuesday, October 3rd. They issued an “accumulate” rating and a $88.00 price target on the stock. Finally, Deutsche Bank reissued a “buy” rating and issued a $90.00 price target (up previously from $85.00) on shares of Lowe's Companies in a report on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-one have issued a buy rating to the company’s stock. Lowe's Companies presently has an average rating of “Buy” and an average target price of $91.45.
Lowe's Companies (NYSE:LOW) last issued its quarterly earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.03. The business had revenue of $16.77 billion for the quarter, compared to the consensus estimate of $16.59 billion. Lowe's Companies had a net margin of 5.16% and a return on equity of 66.27%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.88 EPS. research analysts expect that Lowe's Companies, Inc. will post 4.52 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Investors of record on Wednesday, January 24th will be given a dividend of $0.41 per share. The ex-dividend date is Tuesday, January 23rd. This represents a $1.64 annualized dividend and a yield of 1.53%. Lowe's Companies’s dividend payout ratio (DPR) is 39.33%.
In related news, insider Nelson B. Peace sold 3,352 shares of the company’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $80.20, for a total transaction of $268,830.40. Following the transaction, the insider now owns 4,650 shares in the company, valued at approximately $372,930. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.11% of the stock is owned by corporate insiders.
Lowe's Companies Company 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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