Icon Advisers Inc. Co. Lowers Stake in Lowe's Companies, Inc. (NYSE:LOW)

Icon Advisers Inc. Co. trimmed its stake in shares of Lowe's Companies, Inc. (NYSE:LOW) by 10.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,600 shares of the home improvement retailer’s stock after selling 6,500 shares during the quarter. Icon Advisers Inc. Co.’s holdings in Lowe's Companies were worth $4,365,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in shares of Lowe's Companies by 1,757.3% in the first quarter. BlackRock Inc. now owns 61,377,883 shares of the home improvement retailer’s stock valued at $5,045,875,000 after acquiring an additional 58,073,138 shares during the period. FMR LLC boosted its position in shares of Lowe's Companies by 62.6% in the second 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 boosted its position in shares of Lowe's Companies by 1,457.8% in the second 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. Vanguard Group Inc. boosted its position in shares of Lowe's Companies by 4.3% in 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 period. Finally, Parametric Portfolio Associates LLC boosted its position in shares of Lowe's Companies by 94.1% in the second 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. 73.12% of the stock is owned by hedge funds and other institutional investors.

Shares of Lowe's Companies, Inc. (LOW) opened at $95.74 on Friday. Lowe's Companies, Inc. has a twelve month low of $70.76 and a twelve month high of $95.78. The company has a market capitalization of $79,440.00, a P/E ratio of 23.01, a P/E/G ratio of 1.43 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 posted its quarterly earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.03. The firm had revenue of $16.77 billion for the quarter, compared to analysts’ expectations of $16.59 billion. Lowe's Companies had a return on equity of 66.27% and a net margin of 5.16%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.88 EPS. equities analysts predict that Lowe's Companies, Inc. will post 4.51 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date is Tuesday, January 23rd. Lowe's Companies’s payout ratio is 39.42%.

In other Lowe's Companies news, insider Nelson B. Peace sold 3,352 shares of the stock in a transaction that occurred on Monday, November 27th. The stock was 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 in the company, valued at approximately $372,930. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.11% of the stock is currently owned by corporate insiders.

A number of equities research analysts have recently issued reports on LOW shares. BMO Capital Markets reissued a “hold” rating and issued a $82.00 target price on shares of Lowe's Companies in a research report on Thursday, November 2nd. Raymond James Financial raised shares of Lowe's Companies from a “market perform” rating to an “outperform” rating and set a $87.00 target price for the company in a research report on Monday, November 27th. UBS Group raised Lowe's Companies from a “market perform” rating to an “outperform” rating in a research note on Monday, November 27th. Zacks Investment Research raised Lowe's Companies from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $92.00 price target (up previously from $87.00) on shares of Lowe's Companies in a research note on Wednesday, November 22nd. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eighteen have given a buy rating to the stock. Lowe's Companies has an average rating of “Hold” and a consensus price target of $88.62.

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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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