Brookmont Capital Management Invests $202,000 in Lowe’s Companies, Inc. (LOW) Stock

Brookmont Capital Management bought a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 2,608 shares of the home improvement retailer’s stock, valued at approximately $202,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LOW. Great Lakes Advisors LLC boosted its stake in shares of Lowe’s Companies by 2.0% during the 1st quarter. Great Lakes Advisors LLC now owns 31,773 shares of the home improvement retailer’s stock worth $2,612,000 after acquiring an additional 614 shares in the last quarter. Founders Capital Management purchased a new stake in shares of Lowe’s Companies during the 1st quarter worth approximately $1,062,000. Independent Advisor Alliance boosted its stake in shares of Lowe’s Companies by 3.2% during the 1st quarter. Independent Advisor Alliance now owns 20,360 shares of the home improvement retailer’s stock worth $1,662,000 after acquiring an additional 636 shares in the last quarter. Premier Asset Managment LLC boosted its stake in shares of Lowe’s Companies by 20.8% during the 1st quarter. Premier Asset Managment LLC now owns 130,655 shares of the home improvement retailer’s stock worth $10,741,000 after acquiring an additional 22,525 shares in the last quarter. Finally, Fagan Associates Inc. boosted its stake in shares of Lowe’s Companies by 1.8% during the 1st quarter. Fagan Associates Inc. now owns 62,721 shares of the home improvement retailer’s stock worth $5,156,000 after acquiring an additional 1,116 shares in the last quarter. Institutional investors own 74.38% of the company’s stock.

Several brokerages have recently commented on LOW. BidaskClub raised Lowe’s Companies from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Piper Jaffray Companies reissued a “hold” rating and set a $80.00 price target on shares of Lowe’s Companies in a research note on Friday, September 29th. Robert W. Baird set a $87.00 price target on Lowe’s Companies and gave the stock a “buy” rating in a research note on Thursday, August 24th. Zacks Investment Research raised Lowe’s Companies from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research note on Friday, August 11th. Finally, SunTrust Banks, Inc. reissued a “hold” rating and set a $80.00 price target on shares of Lowe’s Companies in a research note on Friday. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $85.62.

ILLEGAL ACTIVITY WARNING: “Brookmont Capital Management Invests $202,000 in Lowe’s Companies, Inc. (LOW) Stock” was first published by Stock Observer and is the property of of Stock Observer. If you are accessing this story on another website, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this story can be viewed at https://www.thestockobserver.com/2017/11/14/brookmont-capital-management-invests-202000-in-lowes-companies-inc-low-stock.html.

In related news, insider Paul D. Ramsay sold 2,098 shares of the 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 sale, the insider now directly owns 8,400 shares in the company, valued at approximately $655,368. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Matthew V. Hollifield sold 7,853 shares of the 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 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. Corporate insiders own 0.11% of the company’s stock.

Shares of Lowe’s Companies, Inc. (NYSE LOW) opened at $77.53 on Tuesday. The company has a market capitalization of $64,859.13, a price-to-earnings ratio of 17.85, a PEG ratio of 1.26 and a beta of 1.13. The company has a current ratio of 1.03, a quick ratio of 0.19 and a debt-to-equity ratio of 2.85. Lowe’s Companies, Inc. has a twelve month low of $65.12 and a twelve month high of $86.25.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, August 23rd. The home improvement retailer reported $1.57 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.05). The firm had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.58 billion. Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.37 earnings per share. research analysts predict that Lowe’s Companies, Inc. will post 4.5 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 7th. Stockholders of record on Wednesday, January 24th will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, January 23rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.12%. Lowe’s Companies’s payout ratio is 46.20%.

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.

Want to see what other hedge funds are holding LOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lowe’s Companies, Inc. (NYSE:LOW).

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

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

Leave a Reply