Today, 274,800 Shares of Lowe’s Cos. (LOW) are sold by Tukman Grossman Capital Management Inc.

Today, 274,800 Shares of Lowe’s Cos. (LOW) are sold by Tukman Grossman Capital Management Inc.

Tukman Grossman Capital Management Inc. decreased its position in shares of Lowe’s Cos. (NYSE:LOW) by 22.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 932,300 shares of the home improvement retailer’s stock after selling 274,800 shares during the period. Lowe’s Cos. makes up 5.3% of Tukman Grossman Capital Management Inc.’s portfolio, making the stock its 11th largest position. Tukman Grossman Capital Management Inc.’s holdings in Lowe’s Cos. were worth $67,321,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in LOW. CWM LLC increased its stake in shares of Lowe’s Cos. by 0.3% in the second quarter. CWM LLC now owns 1,264 shares of the home improvement retailer’s stock worth $100,000 after buying an additional 4 shares during the period. Oakworth Capital Inc. increased its stake in shares of Lowe’s Cos. by 0.5% in the third quarter. Oakworth Capital Inc. now owns 3,311 shares of the home improvement retailer’s stock worth $239,000 after buying an additional 15 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of Lowe’s Cos. by 0.6% in the second quarter. Parkside Financial Bank & Trust now owns 3,006 shares of the home improvement retailer’s stock worth $238,000 after buying an additional 19 shares during the period. Highland Private Wealth Management increased its stake in shares of Lowe’s Cos. by 1.1% in the second quarter. Highland Private Wealth Management now owns 2,734 shares of the home improvement retailer’s stock worth $217,000 after buying an additional 29 shares during the period. Finally, Aull & Monroe Investment Management Corp increased its stake in shares of Lowe’s Cos. by 0.3% in the second quarter. Aull & Monroe Investment Management Corp now owns 9,892 shares of the home improvement retailer’s stock worth $783,000 after buying an additional 30 shares during the period. Institutional investors own 73.83% of the company’s stock.

Lowe’s Cos. (NYSE:LOW) opened at 71.20 on Tuesday. Lowe’s Cos. has a 1-year low of $62.62 and a 1-year high of $83.65. The company has a market cap of $62.16 billion, a PE ratio of 26.14 and a beta of 1.25. The stock has a 50 day moving average of $69.10 and a 200-day moving average of $75.55.

Lowe’s Cos. (NYSE:LOW) last announced its quarterly earnings results on Wednesday, November 16th. The home improvement retailer reported $0.88 EPS for the quarter, missing the Zacks’ consensus estimate of $0.96 by $0.08. Lowe’s Cos. had a net margin of 3.91% and a return on equity of 46.46%. The company earned $15.70 billion during the quarter, compared to analyst estimates of $15.86 billion. During the same quarter last year, the company posted $0.80 EPS. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. On average, equities research analysts predict that Lowe’s Cos. will post $3.92 earnings per share for the current year.

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 paid a $0.35 dividend. The ex-dividend date of this dividend is Monday, January 23rd. This represents a $1.40 dividend on an annualized basis and a yield of 1.97%. Lowe’s Cos.’s dividend payout ratio (DPR) is currently 51.28%.

LOW has been the subject of a number of research analyst reports. Vetr upgraded Lowe’s Cos. from a “hold” rating to a “buy” rating and set a $87.38 target price for the company in a report on Tuesday, August 2nd. Argus restated a “buy” rating and issued a $90.00 target price on shares of Lowe’s Cos. in a report on Thursday, August 18th. Jefferies Group restated a “hold” rating and issued a $81.00 target price on shares of Lowe’s Cos. in a report on Thursday, August 18th. Nomura set a $80.00 target price on Lowe’s Cos. and gave the company a “hold” rating in a report on Thursday, August 18th. Finally, Cantor Fitzgerald restated a “hold” rating and issued a $70.00 target price on shares of Lowe’s Cos. in a report on Thursday, August 4th. Thirteen analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $81.93.

Lowe’s Cos. Company Profile

Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.

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