Contravisory Investment Management Inc. Purchases 108 Shares of Lowe’s Companies, Inc. (NYSE:LOW)


Share on StockTwits

Contravisory Investment Management Inc. increased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 6.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,688 shares of the home improvement retailer’s stock after acquiring an additional 108 shares during the quarter. Contravisory Investment Management Inc.’s holdings in Lowe’s Companies were worth $271,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Norway Savings Bank raised its holdings in shares of Lowe’s Companies by 8.3% in the 4th quarter. Norway Savings Bank now owns 4,147 shares of the home improvement retailer’s stock valued at $666,000 after purchasing an additional 318 shares in the last quarter. Campbell Capital Management Inc. grew its stake in Lowe’s Companies by 5.0% in the fourth quarter. Campbell Capital Management Inc. now owns 1,680 shares of the home improvement retailer’s stock valued at $284,000 after purchasing an additional 80 shares during the last quarter. Redpoint Investment Management Pty Ltd raised its holdings in Lowe’s Companies by 10.7% in the fourth quarter. Redpoint Investment Management Pty Ltd now owns 22,361 shares of the home improvement retailer’s stock worth $3,589,000 after purchasing an additional 2,158 shares in the last quarter. Pinnacle Financial Partners Inc. lifted its position in shares of Lowe’s Companies by 0.7% during the fourth quarter. Pinnacle Financial Partners Inc. now owns 11,578 shares of the home improvement retailer’s stock valued at $1,866,000 after buying an additional 75 shares during the last quarter. Finally, Ellenbecker Investment Group boosted its holdings in shares of Lowe’s Companies by 5.1% in the 4th quarter. Ellenbecker Investment Group now owns 1,380 shares of the home improvement retailer’s stock valued at $221,000 after buying an additional 67 shares in the last quarter. Institutional investors own 66.32% of the company’s stock.

NYSE LOW opened at $169.83 on Thursday. The stock has a market cap of $124.44 billion, a PE ratio of 24.02, a P/E/G ratio of 1.12 and a beta of 1.37. Lowe’s Companies, Inc. has a twelve month low of $60.00 and a twelve month high of $180.67. The stock has a fifty day simple moving average of $159.72 and a 200-day simple moving average of $157.66. The company has a current ratio of 1.38, a quick ratio of 0.57 and a debt-to-equity ratio of 5.20.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Tuesday, November 17th. The home improvement retailer reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.97 by $0.01. Lowe’s Companies had a net margin of 6.29% and a return on equity of 211.33%. The business had revenue of $22.31 billion during the quarter, compared to analysts’ expectations of $21.08 billion. During the same period last year, the business earned $1.41 earnings per share. Research analysts predict that Lowe’s Companies, Inc. will post 8.7 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 3rd. Stockholders of record on Wednesday, January 20th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, January 19th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.41%. Lowe’s Companies’s payout ratio is presently 41.96%.

A number of research firms recently commented on LOW. Zacks Investment Research downgraded shares of Lowe’s Companies from a “buy” rating to a “hold” rating and set a $166.00 target price for the company. in a research note on Thursday, November 12th. Loop Capital raised their price target on Lowe’s Companies from $180.00 to $195.00 and gave the stock a “buy” rating in a report on Wednesday, September 23rd. They noted that the move was a valuation call. BNP Paribas began coverage on shares of Lowe’s Companies in a report on Monday, October 5th. They set a “neutral” rating and a $159.00 price objective on the stock. Telsey Advisory Group lifted their target price on shares of Lowe’s Companies from $190.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday, December 10th. Finally, KeyCorp raised their price target on shares of Lowe’s Companies from $180.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, October 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-nine have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $171.82.

About Lowe’s Companies

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.

See Also: What are municipal bonds?

Want to see what other hedge funds are holding LOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lowe’s Companies, Inc. (NYSE:LOW).

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

Receive News & Ratings for Lowe's Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies and related companies with MarketBeat.com's FREE daily email newsletter.