Bernicke Wealth Management Ltd. lifted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 7.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 8,655 shares of the home improvement retailer’s stock after purchasing an additional 581 shares during the period. Lowe’s Companies comprises about 0.7% of Bernicke Wealth Management Ltd.’s investment portfolio, making the stock its 16th biggest position. Bernicke Wealth Management Ltd.’s holdings in Lowe’s Companies were worth $994,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Almanack Investment Partners LLC. bought a new stake in Lowe’s Companies in the 2nd quarter worth $103,000. CSat Investment Advisory L.P. bought a new stake in Lowe’s Companies in the 2nd quarter worth $108,000. Columbia Asset Management bought a new stake in Lowe’s Companies in the 3rd quarter worth $109,000. Capital Advisors Ltd. LLC bought a new stake in Lowe’s Companies in the 3rd quarter worth $116,000. Finally, NuWave Investment Management LLC bought a new stake in Lowe’s Companies in the 2nd quarter worth $126,000. 73.92% of the stock is currently owned by institutional investors.

A number of equities research analysts have issued reports on the stock. Goldman Sachs Group set a $125.00 price target on shares of Lowe’s Companies and gave the stock a “buy” rating in a report on Friday, September 28th. Bank of America set a $132.00 price target on shares of Lowe’s Companies and gave the stock a “buy” rating in a report on Tuesday, October 2nd. SunTrust Banks raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a report on Friday, September 28th. Telsey Advisory Group lifted their target price on shares of Lowe’s Companies from $123.00 to $126.00 and gave the company an “outperform” rating in a research note on Friday, September 28th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $130.00 target price (up previously from $120.00) on shares of Lowe’s Companies in a research note on Monday, September 17th. Ten equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $109.54.

In related news, Director Brian C. Rogers purchased 10,000 shares of Lowe’s Companies stock in a transaction dated Friday, November 23rd. The stock was purchased at an average cost of $88.02 per share, for a total transaction of $880,200.00. Following the completion of the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $880,200. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Marshall A. Croom sold 15,735 shares of Lowe’s Companies stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $114.61, for a total transaction of $1,803,388.35. Following the completion of the sale, the chief financial officer now owns 63,099 shares of the company’s stock, valued at $7,231,776.39. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.

Lowe’s Companies stock traded down $1.55 during trading hours on Friday, hitting $89.40. The stock had a trading volume of 4,895,863 shares, compared to its average volume of 5,290,779. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.18 and a current ratio of 1.00. The stock has a market capitalization of $73.51 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 1.25 and a beta of 1.55. Lowe’s Companies, Inc. has a 12-month low of $81.16 and a 12-month high of $117.70.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Tuesday, November 20th. The home improvement retailer reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.06. The business had revenue of $17.42 billion during the quarter, compared to analysts’ expectations of $17.36 billion. Lowe’s Companies had a net margin of 5.19% and a return on equity of 72.47%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.05 earnings per share. As a group, equities research analysts forecast that Lowe’s Companies, Inc. will post 5.11 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 6th. Shareholders of record on Wednesday, January 23rd will be issued a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, January 22nd. This represents a $1.92 annualized dividend and a yield of 2.15%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 43.74%.

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About Lowe’s Companies

Lowe’s Cos., Inc engages in the retail sale of home improvement products. It offers products for maintenance, repair, remodeling, home decorating, and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows, and doors.

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

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