Axa S.A. Has $26.94 Million Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Axa S.A. lessened its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 15.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 122,185 shares of the home improvement retailer’s stock after selling 22,785 shares during the quarter. Axa S.A.’s holdings in Lowe’s Companies were worth $26,937,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Brevan Howard Capital Management LP grew its holdings in shares of Lowe’s Companies by 824.6% during the 4th quarter. Brevan Howard Capital Management LP now owns 15,339 shares of the home improvement retailer’s stock worth $3,414,000 after purchasing an additional 13,680 shares in the last quarter. Bamco Inc. NY grew its holdings in shares of Lowe’s Companies by 10.3% during the 1st quarter. Bamco Inc. NY now owns 216,958 shares of the home improvement retailer’s stock worth $55,266,000 after purchasing an additional 20,181 shares in the last quarter. Plato Investment Management Ltd grew its holdings in shares of Lowe’s Companies by 655.9% during the 1st quarter. Plato Investment Management Ltd now owns 6,304 shares of the home improvement retailer’s stock worth $1,606,000 after purchasing an additional 5,470 shares in the last quarter. 17 Capital Partners LLC bought a new position in shares of Lowe’s Companies during the 1st quarter worth approximately $1,368,000. Finally, Gerber LLC bought a new position in shares of Lowe’s Companies during the 4th quarter worth approximately $235,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insider Buying and Selling

In related news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of Lowe’s Companies stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $248.82, for a total transaction of $1,684,262.58. Following the completion of the sale, the chief accounting officer now directly owns 9,383 shares of the company’s stock, valued at $2,334,678.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.26% of the stock is owned by insiders.

Lowe’s Companies Stock Up 0.3 %

LOW stock opened at $265.68 on Friday. The company has a market cap of $151.39 billion, a P/E ratio of 21.34, a PEG ratio of 2.15 and a beta of 1.10. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $268.09. The business has a fifty day moving average of $245.12 and a 200-day moving average of $235.84.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $4.10 EPS for the quarter, topping analysts’ consensus estimates of $3.96 by $0.14. Lowe’s Companies had a negative return on equity of 47.07% and a net margin of 8.25%. The business had revenue of $23.59 billion during the quarter, compared to analysts’ expectations of $23.93 billion. During the same period in the previous year, the firm earned $4.56 earnings per share. The firm’s quarterly revenue was down 5.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Lowe’s Companies, Inc. will post 11.93 earnings per share for the current fiscal year.

Lowe’s Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd will be paid a dividend of $1.15 per share. The ex-dividend date is Wednesday, October 23rd. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.15. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.73%. Lowe’s Companies’s payout ratio is 36.95%.

Analyst Ratings Changes

LOW has been the subject of several analyst reports. Oppenheimer upgraded Lowe’s Companies from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $230.00 to $305.00 in a research report on Tuesday. Morgan Stanley raised their target price on Lowe’s Companies from $250.00 to $255.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 21st. TD Cowen raised their target price on Lowe’s Companies from $240.00 to $265.00 and gave the stock a “hold” rating in a research report on Thursday, September 19th. Wells Fargo & Company cut their target price on Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating for the company in a research report on Wednesday, August 21st. Finally, Melius Research started coverage on Lowe’s Companies in a research report on Monday. They issued a “buy” rating and a $290.00 price objective for the company. Eleven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $258.13.

Lowe’s Companies Profile

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