Lowe’s Companies, Inc. (LOW) Shares Sold by Gillespie Robinson & Grimm Inc.

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Gillespie Robinson & Grimm Inc. trimmed its position in Lowe’s Companies, Inc. (NYSE:LOW) by 93.4% in the 1st quarter, Holdings Channel reports. The firm owned 5,357 shares of the home improvement retailer’s stock after selling 75,535 shares during the quarter. Gillespie Robinson & Grimm Inc.’s holdings in Lowe’s Companies were worth $586,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. BlackRock Inc. grew its holdings in Lowe’s Companies by 0.7% in the fourth quarter. BlackRock Inc. now owns 53,503,078 shares of the home improvement retailer’s stock valued at $4,941,544,000 after purchasing an additional 371,008 shares during the period. FMR LLC lifted its position in shares of Lowe’s Companies by 9.2% in the fourth quarter. FMR LLC now owns 23,893,923 shares of the home improvement retailer’s stock valued at $2,206,843,000 after acquiring an additional 2,014,183 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Lowe’s Companies by 8,621.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 17,673,178 shares of the home improvement retailer’s stock valued at $191,000 after acquiring an additional 17,470,536 shares in the last quarter. Lunia Capital LP lifted its position in shares of Lowe’s Companies by 18,944.2% in the fourth quarter. Lunia Capital LP now owns 15,741,007 shares of the home improvement retailer’s stock valued at $15,741,000 after acquiring an additional 15,658,352 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Lowe’s Companies by 1.3% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 14,171,980 shares of the home improvement retailer’s stock valued at $1,308,924,000 after acquiring an additional 182,823 shares in the last quarter. Hedge funds and other institutional investors own 75.65% of the company’s stock.

Several equities analysts have recently weighed in on LOW shares. ValuEngine upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Monday, January 7th. Barclays downgraded Lowe’s Companies from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $120.00 to $105.00 in a research report on Wednesday, January 9th. Loop Capital downgraded Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, January 23rd. Zacks Investment Research upgraded Lowe’s Companies from a “hold” rating to a “strong-buy” rating and set a $109.00 target price on the stock in a research report on Wednesday, January 23rd. Finally, Robert W. Baird raised their target price on Lowe’s Companies from $120.00 to $126.00 and gave the company an “outperform” rating in a research report on Wednesday, February 27th. Eight equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Lowe’s Companies has a consensus rating of “Buy” and a consensus price target of $114.17.

Shares of Lowe’s Companies stock opened at $116.26 on Monday. Lowe’s Companies, Inc. has a one year low of $81.16 and a one year high of $117.70. The company has a market cap of $91.63 billion, a P/E ratio of 22.62, a P/E/G ratio of 1.34 and a beta of 1.27. The company has a current ratio of 0.98, a quick ratio of 0.11 and a debt-to-equity ratio of 3.95.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, February 27th. The home improvement retailer reported $0.80 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.80. Lowe’s Companies had a return on equity of 80.91% and a net margin of 3.24%. The firm had revenue of $15.65 billion for the quarter, compared to the consensus estimate of $15.75 billion. During the same quarter last year, the business posted $0.74 earnings per share. The firm’s revenue was up 1.0% compared to the same quarter last year. On average, research analysts predict that Lowe’s Companies, Inc. will post 6.06 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be given a dividend of $0.48 per share. The ex-dividend date is Tuesday, April 23rd. This represents a $1.92 dividend on an annualized basis and a yield of 1.65%. Lowe’s Companies’s payout ratio is 37.35%.

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Lowe’s Companies Company 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.

See Also: Net Income

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

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