Brookmont Capital Management Raises Holdings in Lowe's Companies, Inc. (NYSE:LOW)

Brookmont Capital Management lifted its stake in shares of Lowe's Companies, Inc. (NYSE:LOW) by 50.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,914 shares of the home improvement retailer’s stock after acquiring an additional 1,306 shares during the period. Brookmont Capital Management’s holdings in Lowe's Companies were worth $313,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in LOW. FMR LLC lifted its position in shares of Lowe's Companies by 62.6% during the 2nd quarter. FMR LLC now owns 9,694,439 shares of the home improvement retailer’s stock valued at $751,610,000 after acquiring an additional 3,732,153 shares during the period. Janus Henderson Group PLC lifted its position in shares of Lowe's Companies by 1,457.8% during the 2nd quarter. Janus Henderson Group PLC now owns 3,787,825 shares of the home improvement retailer’s stock valued at $293,669,000 after acquiring an additional 3,544,665 shares during the period. Amundi Pioneer Asset Management Inc. lifted its position in shares of Lowe's Companies by 2,147.5% during the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 2,509,600 shares of the home improvement retailer’s stock valued at $200,617,000 after acquiring an additional 2,397,937 shares during the period. Parametric Portfolio Associates LLC lifted its position in shares of Lowe's Companies by 94.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 3,482,003 shares of the home improvement retailer’s stock valued at $269,960,000 after acquiring an additional 1,688,392 shares during the period. Finally, Glenview Capital Management LLC raised its holdings in Lowe's Companies by 21.4% during the second quarter. Glenview Capital Management LLC now owns 6,621,609 shares of the home improvement retailer’s stock worth $513,373,000 after buying an additional 1,168,950 shares during the last quarter. Institutional investors own 73.12% of the company’s stock.

Lowe's Companies, Inc. (NYSE LOW) opened at $95.74 on Friday. The firm has a market cap of $79,440.00, a PE ratio of 23.01, a P/E/G ratio of 1.43 and a beta of 1.14. The company has a current ratio of 1.02, a quick ratio of 0.12 and a debt-to-equity ratio of 2.71. Lowe's Companies, Inc. has a 1 year low of $70.76 and a 1 year high of $95.78.

Lowe's Companies (NYSE:LOW) last posted its quarterly earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.03. The company had revenue of $16.77 billion during the quarter, compared to analyst estimates of $16.59 billion. Lowe's Companies had a net margin of 5.16% and a return on equity of 66.27%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.88 earnings per share. equities analysts forecast that Lowe's Companies, Inc. will post 4.51 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Investors 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 annualized dividend and a yield of 1.71%. Lowe's Companies’s payout ratio is currently 39.42%.

LOW has been the topic of several research reports. Zacks Investment Research upgraded shares of Lowe's Companies from a “sell” rating to a “hold” rating in a report on Thursday, September 21st. Royal Bank of Canada restated a “buy” rating and set a $81.00 price objective on shares of Lowe's Companies in a report on Monday, September 25th. Jefferies Group restated a “hold” rating and set a $75.00 price objective on shares of Lowe's Companies in a report on Thursday, September 28th. Piper Jaffray Companies restated a “hold” rating and set a $80.00 price objective on shares of Lowe's Companies in a report on Friday, September 29th. Finally, Gordon Haskett initiated coverage on shares of Lowe's Companies in a report on Tuesday, October 3rd. They set an “accumulate” rating and a $88.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $88.62.

In related news, insider Nelson B. Peace sold 3,352 shares of the stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $80.20, for a total transaction of $268,830.40. Following the completion of the transaction, the insider now owns 4,650 shares in the company, valued at $372,930. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.11% of the stock is currently owned by corporate insiders.

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About Lowe's Companies

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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