Chartwell Investment Partners LLC Sells 5,000 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Chartwell Investment Partners LLC decreased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 10.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 41,000 shares of the home improvement retailer’s stock after selling 5,000 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Lowe’s Companies were worth $5,540,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in LOW. State of Michigan Retirement System boosted its stake in shares of Lowe’s Companies by 9.8% in the 2nd quarter. State of Michigan Retirement System now owns 192,873 shares of the home improvement retailer’s stock valued at $26,061,000 after purchasing an additional 17,198 shares during the last quarter. Triton Wealth Management PLLC acquired a new position in Lowe’s Companies in the second quarter valued at approximately $221,000. Perigon Wealth Management LLC boosted its stake in Lowe’s Companies by 18.4% in the second quarter. Perigon Wealth Management LLC now owns 6,274 shares of the home improvement retailer’s stock valued at $848,000 after acquiring an additional 974 shares during the last quarter. Koshinski Asset Management Inc. boosted its stake in Lowe’s Companies by 17.4% in the second quarter. Koshinski Asset Management Inc. now owns 8,424 shares of the home improvement retailer’s stock valued at $1,138,000 after acquiring an additional 1,247 shares during the last quarter. Finally, Avestar Capital LLC grew its holdings in Lowe’s Companies by 6.4% during the 2nd quarter. Avestar Capital LLC now owns 2,963 shares of the home improvement retailer’s stock worth $400,000 after acquiring an additional 178 shares during the period. Hedge funds and other institutional investors own 74.49% of the company’s stock.

Shares of Lowe’s Companies stock opened at $148.91 on Friday. The firm has a market cap of $112.43 billion, a PE ratio of 25.15, a P/E/G ratio of 1.41 and a beta of 1.44. The business’s 50 day simple moving average is $137.36 and its 200 day simple moving average is $116.11. The company has a debt-to-equity ratio of 14.05, a quick ratio of 0.42 and a current ratio of 1.20. Lowe’s Companies, Inc. has a 52-week low of $60.00 and a 52-week high of $149.92.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, May 20th. The home improvement retailer reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.45. The company had revenue of $19.68 billion during the quarter, compared to analysts’ expectations of $18.33 billion. Lowe’s Companies had a net margin of 6.17% and a return on equity of 220.44%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period last year, the business earned $1.22 EPS. As a group, equities research analysts predict that Lowe’s Companies, Inc. will post 6.74 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 5th. Shareholders of record on Wednesday, July 22nd will be paid a $0.55 dividend. The ex-dividend date is Tuesday, July 21st. This represents a $2.20 annualized dividend and a yield of 1.48%. Lowe’s Companies’s payout ratio is currently 38.46%.

LOW has been the topic of several recent research reports. Longbow Research raised their price target on Lowe’s Companies from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Nomura raised their target price on Lowe’s Companies from $130.00 to $146.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Wells Fargo & Co upped their price target on Lowe’s Companies from $135.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. Morgan Stanley lifted their price objective on shares of Lowe’s Companies from $142.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Finally, Jefferies Financial Group boosted their price objective on shares of Lowe’s Companies from $121.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-eight have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $140.86.

Lowe’s Companies Profile

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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