Stralem & Co. Inc. Reduces Stake in Lowe's Companies, Inc. (LOW)

Stralem & Co. Inc. decreased its position in shares of Lowe's Companies, Inc. (NYSE:LOW) by 7.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 241,310 shares of the home improvement retailer’s stock after selling 18,300 shares during the period. Lowe's Companies comprises about 3.8% of Stralem & Co. Inc.’s investment portfolio, making the stock its largest holding. Stralem & Co. Inc.’s holdings in Lowe's Companies were worth $22,427,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LOW. Vantage Financial Partners Ltd. Inc. bought a new stake in shares of Lowe's Companies during the second quarter valued at approximately $233,000. Stonehearth Capital Management LLC bought a new stake in shares of Lowe's Companies during the fourth quarter valued at approximately $112,000. Atlantic Trust LLC bought a new stake in shares of Lowe's Companies during the second quarter valued at approximately $105,000. IHT Wealth Management LLC grew its stake in shares of Lowe's Companies by 8.7% during the second quarter. IHT Wealth Management LLC now owns 1,368 shares of the home improvement retailer’s stock valued at $154,000 after purchasing an additional 110 shares during the last quarter. Finally, Sit Investment Associates Inc. grew its stake in shares of Lowe's Companies by 298.8% during the fourth quarter. Sit Investment Associates Inc. now owns 1,675 shares of the home improvement retailer’s stock valued at $156,000 after purchasing an additional 1,255 shares during the last quarter. 73.13% of the stock is owned by institutional investors.

Several analysts have recently commented on LOW shares. Gordon Haskett started coverage on shares of Lowe's Companies in a research note on Tuesday, October 3rd. They set an “accumulate” rating and a $88.00 price target on the stock. Royal Bank of Canada reissued a “buy” rating and set a $84.00 price target on shares of Lowe's Companies in a research note on Tuesday, November 7th. Deutsche Bank reissued a “buy” rating and set a $90.00 price target (up from $85.00) on shares of Lowe's Companies in a research note on Friday, October 6th. Zacks Investment Research raised shares of Lowe's Companies from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research note on Wednesday, November 1st. Finally, Robert W. Baird set a $87.00 price target on shares of Lowe's Companies and gave the company a “buy” rating in a research note on Tuesday, October 31st. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $90.28.

In other news, insider Nelson B. Peace sold 3,352 shares of Lowe's Companies stock in a transaction 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 of the company’s stock, valued at $372,930. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.11% of the company’s stock.

Lowe's Companies, Inc. (NYSE:LOW) opened at $104.95 on Friday. Lowe's Companies, Inc. has a 52 week low of $70.76 and a 52 week high of $105.60. The stock has a market cap of $87,083.41, a P/E ratio of 23.27, a price-to-earnings-growth ratio of 1.57 and a beta of 1.14. The company has a quick ratio of 0.12, a current ratio of 1.02 and a debt-to-equity ratio of 2.71.

Lowe's Companies (NYSE:LOW) last announced its quarterly earnings data on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.03. Lowe's Companies had a net margin of 5.16% and a return on equity of 66.27%. The firm had revenue of $16.77 billion for the quarter, compared to analysts’ expectations of $16.59 billion. During the same period last year, the firm earned $0.88 earnings per share. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. equities research analysts predict that Lowe's Companies, Inc. will post 4.52 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Stockholders of record on Wednesday, January 24th will be given a dividend of $0.41 per share. The ex-dividend date is Tuesday, January 23rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.56%. Lowe's Companies’s dividend payout ratio is 39.33%.

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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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