Clifford Swan Investment Counsel LLC Has $27.78 Million Holdings in Lowe’s Companies, Inc. (LOW)

Clifford Swan Investment Counsel LLC trimmed its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 300,759 shares of the home improvement retailer’s stock after selling 6,940 shares during the quarter. Lowe’s Companies accounts for approximately 1.7% of Clifford Swan Investment Counsel LLC’s portfolio, making the stock its 12th largest holding. Clifford Swan Investment Counsel LLC’s holdings in Lowe’s Companies were worth $27,778,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Edgestream Partners L.P. increased its stake in shares of Lowe’s Companies by 16.7% in the third quarter. Edgestream Partners L.P. now owns 4,085 shares of the home improvement retailer’s stock valued at $469,000 after purchasing an additional 586 shares during the period. First Mercantile Trust Co. increased its stake in shares of Lowe’s Companies by 76.2% in the third quarter. First Mercantile Trust Co. now owns 1,727 shares of the home improvement retailer’s stock valued at $198,000 after purchasing an additional 747 shares during the period. Norinchukin Bank The increased its stake in shares of Lowe’s Companies by 7.8% in the third quarter. Norinchukin Bank The now owns 145,230 shares of the home improvement retailer’s stock valued at $16,675,000 after purchasing an additional 10,489 shares during the period. Crabel Capital Management LLC acquired a new stake in shares of Lowe’s Companies in the third quarter valued at approximately $219,000. Finally, Piedmont Investment Advisors Inc. increased its stake in shares of Lowe’s Companies by 89.4% in the third quarter. Piedmont Investment Advisors Inc. now owns 67,299 shares of the home improvement retailer’s stock valued at $7,727,000 after purchasing an additional 31,768 shares during the period. 74.78% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have commented on the stock. Zacks Investment Research lowered shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, February 12th. Loop Capital set a $125.00 price target on shares of Lowe’s Companies and gave the company a “buy” rating in a research note on Wednesday, November 21st. Wedbush raised their price target on shares of Lowe’s Companies from $95.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, February 28th. Wells Fargo & Co raised their price objective on shares of Lowe’s Companies from $110.00 to $120.00 in a research note on Thursday, February 28th. Finally, Credit Suisse Group set a $99.00 price objective on shares of Lowe’s Companies and gave the company a “hold” rating in a research note on Tuesday, December 11th. Eight investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $113.13.

Shares of NYSE:LOW opened at $100.14 on Friday. The company has a market cap of $80.41 billion, a P/E ratio of 19.48, a price-to-earnings-growth ratio of 1.17 and a beta of 1.27. Lowe’s Companies, Inc. has a 1-year low of $81.16 and a 1-year high of $117.70. The company has a quick ratio of 0.11, a current ratio of 0.98 and a debt-to-equity ratio of 3.95.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, February 27th. The home improvement retailer reported $0.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.01. The firm had revenue of $15.65 billion during the quarter, compared to analysts’ expectations of $15.75 billion. Lowe’s Companies had a net margin of 3.24% and a return on equity of 80.91%. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period last year, the firm posted $0.74 earnings per share. As a group, sell-side analysts anticipate that Lowe’s Companies, Inc. will post 6.06 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “Clifford Swan Investment Counsel LLC Has $27.78 Million Holdings in Lowe’s Companies, Inc. (LOW)” was first reported by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this piece of content on another domain, it was stolen and reposted in violation of US & international trademark & copyright laws. The correct version of this piece of content can be viewed at https://sportsperspectives.com/2019/03/17/clifford-swan-investment-counsel-llc-has-27-78-million-holdings-in-lowes-companies-inc-low.html.

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. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal and outdoor living, lawn and garden, paint, millwork, flooring, and kitchens, as well as outdoor power equipment.

Recommended Story: How to Use a Moving Average for Trading 

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

Receive News & Ratings for Lowe's Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies and related companies with MarketBeat.com's FREE daily email newsletter.