Robecosam AG Boosts Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Robecosam AG lifted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 2.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,837 shares of the home improvement retailer’s stock after purchasing an additional 2,060 shares during the period. Robecosam AG’s holdings in Lowe’s Companies were worth $7,933,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of LOW. Geode Capital Management LLC increased its stake in Lowe’s Companies by 7.6% in the 4th quarter. Geode Capital Management LLC now owns 10,336,009 shares of the home improvement retailer’s stock worth $952,946,000 after buying an additional 728,740 shares in the last quarter. Boston Partners increased its stake in Lowe’s Companies by 20.3% in the 1st quarter. Boston Partners now owns 4,900,149 shares of the home improvement retailer’s stock worth $536,420,000 after buying an additional 826,414 shares in the last quarter. Artisan Partners Limited Partnership increased its stake in Lowe’s Companies by 14.9% in the 1st quarter. Artisan Partners Limited Partnership now owns 3,735,627 shares of the home improvement retailer’s stock worth $408,939,000 after buying an additional 483,822 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in Lowe’s Companies by 0.6% in the 1st quarter. Parametric Portfolio Associates LLC now owns 3,349,230 shares of the home improvement retailer’s stock worth $366,640,000 after buying an additional 19,829 shares in the last quarter. Finally, Swiss National Bank increased its stake in Lowe’s Companies by 2.1% in the 1st quarter. Swiss National Bank now owns 2,690,548 shares of the home improvement retailer’s stock worth $294,534,000 after buying an additional 54,100 shares in the last quarter. Hedge funds and other institutional investors own 76.36% of the company’s stock.

Shares of LOW traded up $1.16 during midday trading on Tuesday, hitting $97.24. 2,686,974 shares of the company traded hands, compared to its average volume of 4,624,424. The firm has a 50 day simple moving average of $102.21. Lowe’s Companies, Inc. has a 52 week low of $84.75 and a 52 week high of $118.23. The stock has a market cap of $77.16 billion, a PE ratio of 18.92, a price-to-earnings-growth ratio of 1.28 and a beta of 1.36. The company has a debt-to-equity ratio of 6.37, a quick ratio of 0.24 and a current ratio of 1.09.



Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, May 22nd. The home improvement retailer reported $1.22 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.11). Lowe’s Companies had a net margin of 3.31% and a return on equity of 91.85%. The company had revenue of $17.74 billion for the quarter, compared to the consensus estimate of $17.65 billion. During the same period last year, the company earned $1.19 EPS. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, equities analysts anticipate that Lowe’s Companies, Inc. will post 5.59 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Wednesday, July 24th were issued a $0.55 dividend. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Tuesday, July 23rd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.26%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 42.80%.

In other Lowe’s Companies news, EVP Donald Frieson purchased 2,030 shares of the stock in a transaction that occurred on Wednesday, June 19th. The stock was purchased at an average price of $98.69 per share, with a total value of $200,340.70. Following the acquisition, the executive vice president now owns 10,980 shares in the company, valued at $1,083,616.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Marvin R. Ellison purchased 10,000 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was acquired at an average cost of $95.05 per share, with a total value of $950,500.00. Following the acquisition, the insider now owns 80,090 shares in the company, valued at approximately $7,612,554.50. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 12,280 shares of company stock valued at $1,174,566. 0.07% of the stock is owned by insiders.

LOW has been the subject of a number of analyst reports. Wedbush cut their price target on Lowe’s Companies from $110.00 to $105.00 and set a “neutral” rating for the company in a research note on Thursday, May 23rd. Wells Fargo & Co reiterated a “buy” rating on shares of Lowe’s Companies in a research note on Friday, May 10th. Morgan Stanley set a $123.00 price target on Lowe’s Companies and gave the stock a “buy” rating in a research note on Thursday, May 23rd. UBS Group cut their price target on Lowe’s Companies from $125.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, May 23rd. Finally, ValuEngine lowered Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Ten analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Lowe’s Companies has an average rating of “Buy” and a consensus target price of $112.88.

About Lowe’s Companies

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.

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

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