RiverPoint Capital Management LLC Boosts Position in Lowe’s Companies, Inc. (LOW)

RiverPoint Capital Management LLC boosted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 218,023 shares of the home improvement retailer’s stock after acquiring an additional 3,789 shares during the quarter. RiverPoint Capital Management LLC’s holdings in Lowe’s Companies were worth $16,903,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Lowe’s Companies by 4.3% during the first quarter. Vanguard Group Inc. now owns 63,871,103 shares of the home improvement retailer’s stock valued at $5,250,843,000 after acquiring an additional 2,650,045 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its position in Lowe’s Companies by 11.8% during the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 105,471 shares of the home improvement retailer’s stock valued at $8,177,000 after acquiring an additional 11,119 shares during the last quarter. Blue Edge Capital LLC purchased a new stake in Lowe’s Companies during the first quarter valued at $727,000. Dimensional Fund Advisors LP increased its position in Lowe’s Companies by 2.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,425,597 shares of the home improvement retailer’s stock valued at $199,407,000 after acquiring an additional 60,109 shares during the last quarter. Finally, KCG Holdings Inc. increased its position in Lowe’s Companies by 170.7% during the first quarter. KCG Holdings Inc. now owns 69,485 shares of the home improvement retailer’s stock valued at $5,712,000 after acquiring an additional 43,815 shares during the last quarter. Institutional investors own 74.22% of the company’s stock.

A number of analysts recently commented on the company. Deutsche Bank AG reiterated a “buy” rating and set a $90.00 price objective (up previously from $85.00) on shares of Lowe’s Companies in a research report on Friday, October 6th. Gordon Haskett assumed coverage on Lowe’s Companies in a research report on Tuesday, October 3rd. They set an “accumulate” rating and a $88.00 price objective for the company. Piper Jaffray Companies reiterated a “hold” rating and set a $80.00 price objective on shares of Lowe’s Companies in a research report on Friday, September 29th. Jefferies Group LLC reiterated a “hold” rating and set a $75.00 price objective on shares of Lowe’s Companies in a research report on Thursday, September 28th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $81.00 price objective on shares of Lowe’s Companies in a research report on Monday, September 25th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the stock. Lowe’s Companies presently has an average rating of “Hold” and a consensus target price of $85.32.

Lowe’s Companies, Inc. (NYSE LOW) opened at 81.57 on Friday. The company has a market capitalization of $67.93 billion, a price-to-earnings ratio of 23.16 and a beta of 1.07. The company’s 50-day moving average price is $78.16 and its 200-day moving average price is $79.41. Lowe’s Companies, Inc. has a 52 week low of $64.87 and a 52 week high of $86.25.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 8th. Shareholders of record on Wednesday, October 25th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, October 24th. This represents a $1.64 annualized dividend and a yield of 2.01%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 46.20%.

In other Lowe’s Companies news, insider Paul D. Ramsay sold 2,098 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $78.02, for a total transaction of $163,685.96. Following the completion of the sale, the insider now directly owns 8,400 shares in the company, valued at approximately $655,368. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Matthew V. Hollifield sold 7,853 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $78.30, for a total value of $614,889.90. Following the sale, 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.

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Lowe’s Companies Company 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.

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

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