Cypress Asset Management Inc. TX Sells 755 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Cypress Asset Management Inc. TX trimmed its stake in Lowe’s Companies, Inc. (NYSE:LOWGet Rating) by 3.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,339 shares of the home improvement retailer’s stock after selling 755 shares during the quarter. Lowe’s Companies accounts for 1.5% of Cypress Asset Management Inc. TX’s portfolio, making the stock its 20th biggest holding. Cypress Asset Management Inc. TX’s holdings in Lowe’s Companies were worth $4,251,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of LOW. Magellan Asset Management Ltd increased its position in Lowe’s Companies by 12,323.7% during the first quarter. Magellan Asset Management Ltd now owns 3,174,865 shares of the home improvement retailer’s stock valued at $641,926,000 after acquiring an additional 3,149,310 shares during the last quarter. Renaissance Technologies LLC increased its position in Lowe’s Companies by 7,952.8% during the first quarter. Renaissance Technologies LLC now owns 1,586,400 shares of the home improvement retailer’s stock valued at $320,754,000 after acquiring an additional 1,566,700 shares during the last quarter. Egerton Capital UK LLP increased its position in Lowe’s Companies by 56.2% during the first quarter. Egerton Capital UK LLP now owns 3,610,961 shares of the home improvement retailer’s stock valued at $730,100,000 after acquiring an additional 1,299,622 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Lowe’s Companies by 2,072.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,078,468 shares of the home improvement retailer’s stock valued at $218,055,000 after acquiring an additional 1,028,827 shares during the last quarter. Finally, First Trust Advisors LP increased its position in Lowe’s Companies by 209.0% during the first quarter. First Trust Advisors LP now owns 1,219,542 shares of the home improvement retailer’s stock valued at $246,579,000 after acquiring an additional 824,915 shares during the last quarter. Hedge funds and other institutional investors own 74.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on LOW. TheStreet upgraded Lowe’s Companies from a “c+” rating to a “b” rating in a research report on Monday, August 29th. Wells Fargo & Company upped their price objective on Lowe’s Companies from $220.00 to $245.00 in a research note on Wednesday, August 17th. Cowen assumed coverage on Lowe’s Companies in a research note on Wednesday, October 19th. They issued a “market perform” rating and a $210.00 price objective for the company. JPMorgan Chase & Co. dropped their price objective on Lowe’s Companies from $235.00 to $205.00 in a research note on Friday, November 11th. Finally, Telsey Advisory Group upped their price objective on Lowe’s Companies from $250.00 to $255.00 and gave the stock an “outperform” rating in a research note on Thursday, November 17th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $231.35.

Lowe’s Companies Trading Down 1.6 %

Shares of NYSE LOW traded down $3.45 during midday trading on Thursday, hitting $211.02. The company’s stock had a trading volume of 2,593,950 shares, compared to its average volume of 3,762,648. The business’s 50 day moving average is $194.55 and its two-hundred day moving average is $192.73. Lowe’s Companies, Inc. has a 12-month low of $170.12 and a 12-month high of $263.31. The firm has a market cap of $130.98 billion, a P/E ratio of 20.67, a price-to-earnings-growth ratio of 1.18 and a beta of 1.15.

Lowe’s Companies (NYSE:LOWGet Rating) last issued its quarterly earnings results on Wednesday, November 16th. The home improvement retailer reported $3.27 earnings per share for the quarter, topping the consensus estimate of $3.09 by $0.18. Lowe’s Companies had a negative return on equity of 103.72% and a net margin of 6.97%. The firm had revenue of $23.48 billion for the quarter, compared to the consensus estimate of $23.16 billion. During the same period in the prior year, the business posted $2.73 earnings per share. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, analysts predict that Lowe’s Companies, Inc. will post 13.77 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 8th. Shareholders of record on Wednesday, January 25th will be issued a dividend of $1.05 per share. The ex-dividend date is Tuesday, January 24th. This represents a $4.20 annualized dividend and a yield of 1.99%. Lowe’s Companies’s payout ratio is currently 41.14%.

Lowe’s Companies Company Profile

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Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States and internationally. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, lighting, and electrical.

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

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