Gilman Hill Asset Management LLC Purchases Shares of 4,611 Lowe’s Companies, Inc. (LOW)

Gilman Hill Asset Management LLC purchased a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,611 shares of the home improvement retailer’s stock, valued at approximately $369,000.

Several other hedge funds also recently added to or reduced their stakes in the business. APG Asset Management N.V. raised its position in shares of Lowe’s Companies by 3.0% during the 3rd quarter. APG Asset Management N.V. now owns 1,240,908 shares of the home improvement retailer’s stock worth $99,198,000 after buying an additional 36,100 shares in the last quarter. Carnick & Kubik Group LLC bought a new stake in shares of Lowe’s Companies during the 3rd quarter worth about $1,255,000. Douglas Lane & Associates LLC raised its position in shares of Lowe’s Companies by 68.9% during the 3rd quarter. Douglas Lane & Associates LLC now owns 511,834 shares of the home improvement retailer’s stock worth $40,916,000 after buying an additional 208,833 shares in the last quarter. ELM Advisors LLC bought a new stake in shares of Lowe’s Companies during the 3rd quarter worth about $202,000. Finally, Farmers & Merchants Investments Inc. raised its holdings in shares of Lowe’s Companies by 12.0% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 181,217 shares of the home improvement retailer’s stock worth $14,486,000 after purchasing an additional 19,481 shares in the last quarter. Institutional investors own 73.29% of the company’s stock.

In related news, insider Paul D. Ramsay sold 2,098 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $78.02, for a total transaction of $163,685.96. Following the transaction, the insider now directly owns 8,400 shares of the company’s stock, valued at $655,368. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nelson B. Peace sold 3,352 shares of the business’s stock in a transaction that occurred on 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 directly owns 4,650 shares in the company, valued at $372,930. The disclosure for this sale can be found here. Insiders have sold 13,303 shares of company stock worth $1,047,406 over the last ninety days. 0.11% of the stock is currently owned by insiders.

A number of analysts recently commented on the stock. Moffett Nathanson assumed coverage on shares of Lowe’s Companies in a report on Monday. They issued a “buy” rating on the stock. Deutsche Bank reiterated a “buy” rating and issued a $90.00 target price (up from $85.00) on shares of Lowe’s Companies in a report on Friday, October 6th. Stifel Nicolaus boosted their target price on shares of Lowe’s Companies from $87.00 to $93.00 and gave the stock a “buy” rating in a report on Tuesday, November 21st. Gordon Haskett assumed coverage on shares of Lowe’s Companies in a report on Tuesday, October 3rd. They issued an “accumulate” rating and a $88.00 target price on the stock. Finally, UBS boosted their target price on shares of Lowe’s Companies from $89.00 to $93.00 and gave the stock a “buy” rating in a report on Wednesday, November 22nd. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and sixteen have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $87.40.

Lowe’s Companies, Inc. (LOW) traded up $0.86 during trading on Monday, hitting $84.23. 4,935,400 shares of the stock traded hands, compared to its average volume of 5,877,339. The stock has a market capitalization of $69,995.13, a P/E ratio of 18.68, a P/E/G ratio of 1.35 and a beta of 1.15. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.12 and a current ratio of 1.02. Lowe’s Companies, Inc. has a 1-year low of $70.49 and a 1-year high of $86.25.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share for the quarter, topping the 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% compared to the same quarter last year. During the same period last year, the firm posted $0.88 earnings per share. research analysts predict that Lowe’s Companies, Inc. will post 4.51 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Stockholders of record on Wednesday, January 24th will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Tuesday, January 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is currently 39.33%.

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

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