Blueprint Investment Partners LLC bought a new position in Lowe’s Companies, Inc. (NYSE:LOW – Get Rating) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,296 shares of the home improvement retailer’s stock, valued at approximately $431,000.

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Other large investors have also bought and sold shares of the company. Renaissance Technologies LLC grew its position in shares of Lowe’s Companies by 7,952.8% in 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 purchasing an additional 1,566,700 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Lowe’s Companies by 2,072.5% in 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 purchasing an additional 1,028,827 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Lowe’s Companies by 13.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 7,916,354 shares of the home improvement retailer’s stock valued at $1,486,770,000 after purchasing an additional 912,518 shares in the last quarter. First Trust Advisors LP grew its position in shares of Lowe’s Companies by 209.0% in 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 purchasing an additional 824,915 shares in the last quarter. Finally, Deutsche Bank AG grew its position in shares of Lowe’s Companies by 44.3% in the second quarter. Deutsche Bank AG now owns 2,324,728 shares of the home improvement retailer’s stock valued at $406,063,000 after purchasing an additional 713,735 shares in the last quarter. 72.62% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Ross W. Mccanless sold 57,629 shares of the business’s stock in a transaction on Tuesday, December 13th. The shares were sold at an average price of $211.35, for a total transaction of $12,179,889.15. Following the sale, the executive vice president now owns 26,923 shares in the company, valued at approximately $5,690,176.05. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.24% of the company’s stock.

Lowe’s Companies Stock Performance

LOW stock traded down $2.73 on Wednesday, reaching $212.00. The company’s stock had a trading volume of 573,818 shares, compared to its average volume of 2,894,043. The firm has a market cap of $131.59 billion, a PE ratio of 21.03, a PEG ratio of 1.17 and a beta of 1.13. The business has a fifty day simple moving average of $206.05 and a two-hundred day simple moving average of $200.59. Lowe’s Companies, Inc. has a 12-month low of $170.12 and a 12-month high of $238.37.

Lowe’s Companies (NYSE:LOW – Get Rating) last released its quarterly earnings results on Wednesday, November 16th. The home improvement retailer reported $3.27 earnings per share for the quarter, beating the consensus estimate of $3.11 by $0.16. The business had revenue of $23.48 billion for the quarter, compared to analysts’ expectations of $23.16 billion. Lowe’s Companies had a net margin of 6.97% and a negative return on equity of 103.72%. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.73 earnings per share. As a group, research analysts anticipate that Lowe’s Companies, Inc. will post 13.73 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 8th. Investors of record on Wednesday, January 25th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.98%. The ex-dividend date is Tuesday, January 24th. Lowe’s Companies’s dividend payout ratio (DPR) is currently 41.14%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Wedbush lifted their price target on Lowe’s Companies from $190.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, December 8th. Citigroup reduced their target price on Lowe’s Companies from $217.00 to $215.00 in a research report on Monday, October 31st. Loop Capital reduced their target price on Lowe’s Companies from $210.00 to $200.00 in a research report on Friday, December 9th. Cowen initiated coverage on Lowe’s Companies in a research report on Wednesday, October 19th. They set a “market perform” rating and a $210.00 target price for the company. Finally, Credit Suisse Group initiated coverage on Lowe’s Companies in a research report on Monday, December 19th. They set a “neutral” rating and a $210.00 target price for the company. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $228.58.

Lowe’s Companies Profile

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Lowe’s Cos., Inc engages in the retail sale of home improvement products. The firm offers products for maintenance, repair, remodeling, home decorating and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows and doors.

Further Reading

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

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