Mogy Joel R Investment Counsel Inc. Holds Position in Lowe’s Companies, Inc. (LOW)

Mogy Joel R Investment Counsel Inc. held its position in Lowe’s Companies, Inc. (NYSE:LOW) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,900 shares of the home improvement retailer’s stock at the close of the second quarter. Mogy Joel R Investment Counsel Inc.’s holdings in Lowe’s Companies were worth $302,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of LOW. Waldron LP acquired a new position in shares of Lowe’s Companies during the 1st quarter worth approximately $364,000. Empire Life Investments Inc. acquired a new position in shares of Lowe’s Companies during the 1st quarter worth approximately $17,350,000. Tower Bridge Advisors increased its holdings in shares of Lowe’s Companies by 5.2% during the 1st quarter. Tower Bridge Advisors now owns 31,112 shares of the home improvement retailer’s stock worth $2,558,000 after acquiring an additional 1,540 shares during the last quarter. Boston Partners increased its holdings in shares of Lowe’s Companies by 0.5% during the 1st quarter. Boston Partners now owns 1,658,826 shares of the home improvement retailer’s stock worth $136,372,000 after acquiring an additional 8,132 shares during the last quarter. Finally, HPM Partners LLC acquired a new position in shares of Lowe’s Companies during the 1st quarter worth approximately $810,000. 74.22% of the stock is currently owned by institutional investors and hedge funds.

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A number of brokerages have commented on LOW. Longbow Research reaffirmed a “buy” rating and issued a $95.00 price objective on shares of Lowe’s Companies in a report on Monday, August 14th. Zacks Investment Research lowered Lowe’s Companies from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $90.00 price objective (up from $85.00) on shares of Lowe’s Companies in a report on Friday, October 6th. BidaskClub raised Lowe’s Companies from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $94.00 price objective on shares of Lowe’s Companies in a report on Monday, August 21st. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $85.32.

In other news, insider Paul D. Ramsay sold 2,098 shares of Lowe’s Companies stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $78.02, for a total value of $163,685.96. Following the completion of the transaction, the insider now directly owns 8,400 shares in the company, valued at $655,368. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Matthew V. Hollifield sold 7,853 shares of Lowe’s Companies stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $78.30, for a total value of $614,889.90. Following the completion of the transaction, the senior vice president now owns 30,750 shares of the company’s stock, valued at $2,407,725. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by insiders.

Shares of Lowe’s Companies, Inc. (NYSE LOW) opened at 81.10 on Wednesday. Lowe’s Companies, Inc. has a 12-month low of $64.87 and a 12-month high of $86.25. The stock’s 50 day moving average price is $77.76 and its 200 day moving average price is $79.38. The firm has a market capitalization of $67.54 billion, a price-to-earnings ratio of 23.03 and a beta of 1.07.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($0.05). The company had revenue of $19.50 billion during the quarter, compared to analysts’ expectations of $19.58 billion. Lowe’s Companies had a net margin of 4.51% and a return on equity of 62.02%. Lowe’s Companies’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.37 earnings per share. Equities research analysts expect that Lowe’s Companies, Inc. will post $4.50 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Wednesday, October 25th will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Tuesday, October 24th. Lowe’s Companies’s dividend payout ratio (DPR) is presently 46.20%.

Lowe’s Companies 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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