TD Asset Management Inc. Has $22.60 Million Holding in Lowe’s Companies, Inc. (LOW)

TD Asset Management Inc. Has $22.60 Million Holding in Lowe’s Companies, Inc. (LOW)

TD Asset Management Inc. boosted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 244,748 shares of the home improvement retailer’s stock after buying an additional 3,152 shares during the period. TD Asset Management Inc.’s holdings in Lowe’s Companies were worth $22,604,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Ironwood Financial llc grew its position in Lowe’s Companies by 171.0% in the 4th quarter. Ironwood Financial llc now owns 542 shares of the home improvement retailer’s stock valued at $50,000 after buying an additional 342 shares during the last quarter. Contravisory Investment Management Inc. grew its position in Lowe’s Companies by 360.6% in the 4th quarter. Contravisory Investment Management Inc. now owns 654 shares of the home improvement retailer’s stock valued at $60,000 after buying an additional 512 shares during the last quarter. Mascoma Wealth Management LLC grew its position in Lowe’s Companies by 76.9% in the 4th quarter. Mascoma Wealth Management LLC now owns 690 shares of the home improvement retailer’s stock valued at $64,000 after buying an additional 300 shares during the last quarter. Columbia Asset Management purchased a new position in Lowe’s Companies in the 3rd quarter valued at $109,000. Finally, Reilly Financial Advisors LLC grew its position in Lowe’s Companies by 19.2% in the 4th quarter. Reilly Financial Advisors LLC now owns 1,242 shares of the home improvement retailer’s stock valued at $115,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 76.55% of the company’s stock.

LOW has been the topic of a number of analyst reports. Jefferies Financial Group set a $126.00 price objective on shares of Lowe’s Companies and gave the company a “buy” rating in a research report on Monday, November 5th. Loop Capital set a $130.00 price objective on shares of Lowe’s Companies and gave the company a “buy” rating in a research report on Wednesday, October 24th. Citigroup upgraded shares of Lowe’s Companies from a “neutral” rating to a “buy” rating and set a $112.00 price objective on the stock in a research report on Tuesday, October 23rd. Deutsche Bank set a $101.00 price objective on shares of Lowe’s Companies and gave the company a “buy” rating in a research report on Wednesday, November 21st. Finally, SunTrust Banks boosted their target price on shares of Lowe’s Companies to $128.00 and gave the stock a “buy” rating in a research report on Thursday, December 13th. Ten equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $111.36.

Shares of NYSE:LOW traded up $0.15 during midday trading on Monday, hitting $97.32. 556,116 shares of the stock were exchanged, compared to its average volume of 4,412,713. The company has a market capitalization of $78.02 billion, a PE ratio of 22.17, a price-to-earnings-growth ratio of 1.14 and a beta of 1.27. The company has a quick ratio of 0.18, a current ratio of 1.00 and a debt-to-equity ratio of 2.68. Lowe’s Companies, Inc. has a twelve month low of $81.16 and a twelve month high of $117.70.

Lowe’s Companies (NYSE:LOW) last released its quarterly 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 the consensus estimate of $17.36 billion. Lowe’s Companies had a return on equity of 72.47% and a net margin of 5.19%. The business’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.05 EPS. As a group, equities analysts anticipate that Lowe’s Companies, Inc. will post 5.11 earnings per share for the current year.

In other news, Director Brian C. Rogers purchased 10,000 shares of the business’s stock in a transaction dated Friday, November 23rd. The stock was acquired at an average price of $88.02 per share, with a total value of $880,200.00. Following the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $880,200. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.30% of the company’s stock.

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. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal and outdoor living, lawn and garden, paint, millwork, flooring, and kitchens, as well as outdoor power equipment.

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