Sigma Investment Counselors Inc. Sells 741 Shares of Lowe's Companies, Inc. (LOW)
Sigma Investment Counselors Inc. decreased its stake in Lowe's Companies, Inc. (NYSE:LOW) by 1.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 47,464 shares of the home improvement retailer’s stock after selling 741 shares during the quarter. Sigma Investment Counselors Inc.’s holdings in Lowe's Companies were worth $3,794,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Vantage Financial Partners Ltd. Inc. purchased a new position in shares of Lowe's Companies in the 2nd quarter worth approximately $233,000. Harbour Capital Advisors LLC purchased a new position in Lowe's Companies during the 1st quarter valued at $103,000. Atlantic Trust LLC purchased a new position in Lowe's Companies during the 2nd quarter valued at $105,000. IHT Wealth Management LLC boosted its holdings in Lowe's Companies by 8.7% during the 2nd quarter. IHT Wealth Management LLC now owns 1,368 shares of the home improvement retailer’s stock valued at $154,000 after acquiring an additional 110 shares during the period. Finally, State of Alaska Department of Revenue boosted its holdings in Lowe's Companies by 8.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 1,440 shares of the home improvement retailer’s stock valued at $111,000 after acquiring an additional 110 shares during the period. Hedge funds and other institutional investors own 73.14% of the company’s stock.
A number of equities analysts recently issued reports on the company. Atlantic Securities cut Lowe's Companies from an “overweight” rating to a “neutral” rating and set a $92.00 price objective for the company. in a report on Tuesday, November 28th. 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. UBS boosted their price objective on Lowe's Companies from $89.00 to $93.00 and gave the company a “buy” rating in a report on Wednesday, November 22nd. Credit Suisse Group set a $88.00 price objective on Lowe's Companies and gave the company a “hold” rating in a report on Friday, November 24th. Finally, Robert W. Baird set a $87.00 price objective on Lowe's Companies and gave the company a “buy” rating in a report on Thursday, August 24th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and seventeen have assigned a buy rating to the company. Lowe's Companies has an average rating of “Hold” and an average target price of $87.66.
Lowe's Companies (NYSE:LOW) last issued its earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.03. The business had revenue of $16.77 billion during the quarter, compared to analyst estimates of $16.59 billion. Lowe's Companies had a return on equity of 66.27% and a net margin of 5.16%. Lowe's Companies’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.88 EPS. equities research analysts predict that Lowe's Companies, Inc. will post 4.51 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Tuesday, January 23rd. Lowe's Companies’s dividend payout ratio (DPR) is presently 39.33%.
In other news, insider Nelson B. Peace sold 3,352 shares of the business’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $80.20, for a total value of $268,830.40. Following the completion of the transaction, the insider now directly owns 4,650 shares of the company’s stock, valued at approximately $372,930. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.11% of the company’s stock.
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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