Commerzbank Aktiengesellschaft FI Acquires 3,629 Shares of Lowe’s Companies, Inc. $LOW

Commerzbank Aktiengesellschaft FI increased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 25.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,676 shares of the home improvement retailer’s stock after acquiring an additional 3,629 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Lowe’s Companies were worth $4,443,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of LOW. Norges Bank bought a new position in shares of Lowe’s Companies during the 2nd quarter valued at about $1,773,624,000. Tableaux LLC acquired a new stake in Lowe’s Companies during the 2nd quarter worth approximately $282,884,000. Laurel Wealth Advisors LLC lifted its stake in Lowe’s Companies by 22,167.5% in the second quarter. Laurel Wealth Advisors LLC now owns 1,032,319 shares of the home improvement retailer’s stock valued at $229,041,000 after buying an additional 1,027,683 shares in the last quarter. Worldquant Millennium Advisors LLC boosted its holdings in shares of Lowe’s Companies by 243.2% in the second quarter. Worldquant Millennium Advisors LLC now owns 1,116,945 shares of the home improvement retailer’s stock valued at $247,817,000 after buying an additional 791,526 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of Lowe’s Companies by 101.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,244,941 shares of the home improvement retailer’s stock valued at $312,866,000 after buying an additional 626,829 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Gordon Haskett raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $325.00 price objective on the stock in a research report on Tuesday, January 13th. Stifel Nicolaus increased their price objective on shares of Lowe’s Companies from $230.00 to $250.00 and gave the stock a “hold” rating in a research note on Monday, December 1st. Morgan Stanley raised their price objective on Lowe’s Companies from $270.00 to $296.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Mizuho dropped their target price on Lowe’s Companies from $285.00 to $272.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. Finally, Wolfe Research reduced their price target on Lowe’s Companies from $308.00 to $285.00 and set an “outperform” rating for the company in a research report on Monday, November 24th. Nineteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $283.65.

Insider Buying and Selling at Lowe’s Companies

In other news, CEO Marvin R. Ellison sold 18,000 shares of the company’s stock in a transaction on Friday, January 9th. The shares were sold at an average price of $261.17, for a total transaction of $4,701,060.00. Following the completion of the transaction, the chief executive officer directly owned 231,043 shares in the company, valued at approximately $60,341,500.31. This represents a 7.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.27% of the company’s stock.

Lowe’s Companies Stock Up 0.5%

Shares of NYSE:LOW opened at $276.46 on Friday. Lowe’s Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $281.36. The stock has a market cap of $155.08 billion, a PE ratio of 22.92, a P/E/G ratio of 4.59 and a beta of 0.96. The business has a 50 day moving average of $249.28 and a 200-day moving average of $246.21.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, November 26th. The home improvement retailer reported $3.06 earnings per share for the quarter, topping the consensus estimate of $2.97 by $0.09. The business had revenue of $20.81 billion during the quarter, compared to analysts’ expectations of $20.88 billion. Lowe’s Companies had a net margin of 8.05% and a negative return on equity of 55.86%. The business’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.89 EPS. Equities research analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 21st will be given a $1.20 dividend. The ex-dividend date is Wednesday, January 21st. This represents a $4.80 dividend on an annualized basis and a yield of 1.7%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 39.80%.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.