Bartlett & Co. LLC Has $120.55 Million Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)


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Bartlett & Co. LLC lowered its position in Lowe’s Companies, Inc. (NYSE:LOW) by 0.7% in the first quarter, HoldingsChannel.com reports. The fund owned 633,856 shares of the home improvement retailer’s stock after selling 4,781 shares during the quarter. Lowe’s Companies comprises 2.4% of Bartlett & Co. LLC’s portfolio, making the stock its 7th biggest position. Bartlett & Co. LLC’s holdings in Lowe’s Companies were worth $120,547,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of LOW. Great West Life Assurance Co. Can raised its position in Lowe’s Companies by 6.4% in the 3rd quarter. Great West Life Assurance Co. Can now owns 1,387,274 shares of the home improvement retailer’s stock worth $230,159,000 after purchasing an additional 83,263 shares during the last quarter. IHT Wealth Management LLC grew its holdings in Lowe’s Companies by 8.4% during the 3rd quarter. IHT Wealth Management LLC now owns 6,393 shares of the home improvement retailer’s stock worth $1,060,000 after acquiring an additional 496 shares during the period. Kingsview Wealth Management LLC grew its holdings in Lowe’s Companies by 25.3% during the 3rd quarter. Kingsview Wealth Management LLC now owns 35,894 shares of the home improvement retailer’s stock worth $5,953,000 after acquiring an additional 7,237 shares during the period. Catalyst Private Wealth LLC acquired a new stake in Lowe’s Companies during the 3rd quarter worth $43,000. Finally, Chiron Capital Management LLC acquired a new stake in Lowe’s Companies during the 3rd quarter worth $33,000. Institutional investors own 76.11% of the company’s stock.

In other Lowe’s Companies news, Director David H. Batchelder purchased 6,250 shares of the company’s stock in a transaction dated Friday, February 26th. The stock was purchased at an average price of $159.48 per share, with a total value of $996,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.07% of the stock is currently owned by company insiders.

LOW has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Lowe’s Companies from $177.00 to $204.00 and gave the company a “neutral” rating in a report on Monday. Loop Capital boosted their price target on shares of Lowe’s Companies from $195.00 to $220.00 and gave the company a “buy” rating in a report on Monday. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell assumed coverage on shares of Lowe’s Companies in a research note on Monday, March 15th. They issued a “buy” rating and a $195.00 target price for the company. Gordon Haskett raised shares of Lowe’s Companies from an “accumulate” rating to a “buy” rating and set a $202.00 target price for the company in a research note on Wednesday, March 3rd. Finally, Citigroup assumed coverage on shares of Lowe’s Companies in a research note on Monday, March 15th. They issued a “buy” rating and a $195.00 target price for the company. Six analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $182.29.

Shares of NYSE:LOW opened at $204.70 on Wednesday. The company has a market cap of $146.81 billion, a price-to-earnings ratio of 28.68, a PEG ratio of 1.18 and a beta of 1.37. The company has a debt-to-equity ratio of 5.20, a current ratio of 1.38 and a quick ratio of 0.57. The firm has a 50 day simple moving average of $183.53 and a 200 day simple moving average of $169.88. Lowe’s Companies, Inc. has a one year low of $91.49 and a one year high of $208.98.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Tuesday, February 23rd. The home improvement retailer reported $1.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.12. The firm had revenue of $20.31 billion during the quarter, compared to the consensus estimate of $19.54 billion. Lowe’s Companies had a net margin of 6.29% and a return on equity of 211.33%. During the same quarter last year, the firm earned $0.94 earnings per share. As a group, analysts expect that Lowe’s Companies, Inc. will post 8.7 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 5th. Stockholders of record on Wednesday, April 21st will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Tuesday, April 20th. Lowe’s Companies’s payout ratio is currently 41.96%.

Lowe’s Companies 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 appliances, décor, paint, hardware, millwork, lawn and garden, lighting, lumber and building materials, flooring, kitchens and bath, rough plumbing and electrical, seasonal and outdoor living, and tools.

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

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