Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Parsons Capital Management Inc. RI

Parsons Capital Management Inc. RI reduced its position in Lowe’s Companies, Inc. (NYSE:LOW) by 5.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,661 shares of the home improvement retailer’s stock after selling 1,461 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in Lowe’s Companies were worth $2,690,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LOW. Flagship Harbor Advisors LLC grew its position in shares of Lowe’s Companies by 4.8% during the first quarter. Flagship Harbor Advisors LLC now owns 2,015 shares of the home improvement retailer’s stock worth $220,000 after buying an additional 93 shares in the last quarter. Bailard Inc. grew its position in shares of Lowe’s Companies by 3.6% during the first quarter. Bailard Inc. now owns 2,764 shares of the home improvement retailer’s stock worth $303,000 after buying an additional 95 shares in the last quarter. Naples Global Advisors LLC grew its position in shares of Lowe’s Companies by 3.4% during the first quarter. Naples Global Advisors LLC now owns 3,054 shares of the home improvement retailer’s stock worth $334,000 after buying an additional 99 shares in the last quarter. Lcnb Corp grew its position in shares of Lowe’s Companies by 0.9% during the second quarter. Lcnb Corp now owns 10,534 shares of the home improvement retailer’s stock worth $1,063,000 after buying an additional 99 shares in the last quarter. Finally, Vision Capital Management Inc. grew its position in shares of Lowe’s Companies by 1.1% during the first quarter. Vision Capital Management Inc. now owns 9,314 shares of the home improvement retailer’s stock worth $1,020,000 after buying an additional 100 shares in the last quarter. 76.36% of the stock is owned by institutional investors.

LOW stock traded down $1.50 during trading on Thursday, hitting $92.09. 2,387,214 shares of the company’s stock were exchanged, compared to its average volume of 4,542,688. The firm’s 50-day moving average price is $102.10. The firm has a market capitalization of $73.34 billion, a PE ratio of 17.92, a price-to-earnings-growth ratio of 1.25 and a beta of 1.36. Lowe’s Companies, Inc. has a 52-week low of $84.75 and a 52-week high of $118.23. The company has a debt-to-equity ratio of 6.37, a current ratio of 1.09 and a quick ratio of 0.24.



Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, May 22nd. The home improvement retailer reported $1.22 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.11). Lowe’s Companies had a return on equity of 91.85% and a net margin of 3.31%. The business had revenue of $17.74 billion for the quarter, compared to analysts’ expectations of $17.65 billion. During the same quarter in the previous year, the firm earned $1.19 EPS. Lowe’s Companies’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, equities research analysts predict that Lowe’s Companies, Inc. will post 5.59 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th were paid a $0.55 dividend. The ex-dividend date was Tuesday, July 23rd. This represents a $2.20 dividend on an annualized basis and a yield of 2.39%. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.48. Lowe’s Companies’s payout ratio is currently 42.80%.

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

A number of equities analysts have recently commented on the company. SunTrust Banks reissued a “buy” rating and set a $120.00 price objective on shares of Lowe’s Companies in a research report on Friday, May 24th. Wells Fargo & Co reissued a “buy” rating on shares of Lowe’s Companies in a research report on Friday, May 10th. Robert W. Baird reissued an “outperform” rating and set a $127.00 price objective (down from $133.00) on shares of Lowe’s Companies in a research report on Wednesday, May 22nd. Gabelli reissued a “buy” rating on shares of Lowe’s Companies in a research report on Thursday, May 23rd. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $116.00 price objective (down from $126.00) on shares of Lowe’s Companies in a research report on Thursday, May 23rd. Ten analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The company presently has a consensus 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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