Chartwell Investment Partners LLC Reduces Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Chartwell Investment Partners LLC cut its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 10.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 41,000 shares of the home improvement retailer’s stock after selling 5,000 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Lowe’s Companies were worth $5,540,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of LOW. Peoples Bank OH boosted its holdings in Lowe’s Companies by 1.6% in the second quarter. Peoples Bank OH now owns 4,750 shares of the home improvement retailer’s stock worth $642,000 after purchasing an additional 75 shares during the period. Baldwin Investment Management LLC boosted its holdings in shares of Lowe’s Companies by 0.7% in the 2nd quarter. Baldwin Investment Management LLC now owns 11,751 shares of the home improvement retailer’s stock valued at $1,588,000 after buying an additional 76 shares during the period. Nwam LLC grew its position in shares of Lowe’s Companies by 1.5% during the 2nd quarter. Nwam LLC now owns 5,506 shares of the home improvement retailer’s stock valued at $744,000 after buying an additional 82 shares during the last quarter. Cypress Wealth Services LLC grew its position in shares of Lowe’s Companies by 1.0% during the 2nd quarter. Cypress Wealth Services LLC now owns 8,980 shares of the home improvement retailer’s stock valued at $1,213,000 after buying an additional 87 shares during the last quarter. Finally, Benjamin Edwards Inc. raised its stake in Lowe’s Companies by 43.0% during the first quarter. Benjamin Edwards Inc. now owns 296 shares of the home improvement retailer’s stock worth $25,000 after acquiring an additional 89 shares during the period. 74.49% of the stock is currently owned by institutional investors.

A number of analysts have recently weighed in on LOW shares. Stifel Nicolaus increased their price target on Lowe’s Companies from $149.00 to $156.00 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Royal Bank of Canada raised their target price on Lowe’s Companies from $136.00 to $165.00 in a research note on Friday, July 24th. Morgan Stanley upped their price target on shares of Lowe’s Companies from $142.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Robert W. Baird lifted their price objective on shares of Lowe’s Companies from $115.00 to $135.00 and gave the company an “outperform” rating in a research report on Monday, May 18th. Finally, Guggenheim restated a “buy” rating and issued a $135.00 target price on shares of Lowe’s Companies in a research report on Wednesday, May 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-eight have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $140.86.

NYSE LOW opened at $148.91 on Friday. The company has a current ratio of 1.20, a quick ratio of 0.42 and a debt-to-equity ratio of 14.05. Lowe’s Companies, Inc. has a 1-year low of $60.00 and a 1-year high of $149.92. The firm’s fifty day simple moving average is $137.36 and its 200-day simple moving average is $116.11. The company has a market capitalization of $112.43 billion, a PE ratio of 25.15, a price-to-earnings-growth ratio of 1.41 and a beta of 1.44.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, May 20th. The home improvement retailer reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.45. Lowe’s Companies had a return on equity of 220.44% and a net margin of 6.17%. The firm had revenue of $19.68 billion for the quarter, compared to the consensus estimate of $18.33 billion. During the same quarter in the previous year, the company posted $1.22 earnings per share. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. As a group, analysts predict that Lowe’s Companies, Inc. will post 6.74 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 5th. Investors of record on Wednesday, July 22nd will be paid a $0.55 dividend. The ex-dividend date is Tuesday, July 21st. This represents a $2.20 annualized dividend and a dividend yield of 1.48%. Lowe’s Companies’s payout ratio is 38.46%.

Lowe’s Companies Company Profile

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

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

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