Putnam Fl Investment Management Co buys $22,565,342 stake in Lowe's Companies (LOW)

Lowe's Companies (LOW) : Putnam Fl Investment Management Co scooped up 2,973 additional shares in Lowe's Companies during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 275,120 shares of Lowe's Companies which is valued at $22,565,342.Lowe's Companies makes up approximately 2.59% of Putnam Fl Investment Management Co’s portfolio.

Other Hedge Funds, Including , Pillar Pacific Capital Management boosted its stake in LOW in the latest quarter, The investment management firm added 77 additional shares and now holds a total of 110,658 shares of Lowe's Companies which is valued at $9,076,169. Lowe's Companies makes up approx 1.46% of Pillar Pacific Capital Management’s portfolio.Cornerstone Advisors reduced its stake in LOW by selling 406 shares or 15.64% in the most recent quarter. The Hedge Fund company now holds 2,190 shares of LOW which is valued at $176,864. Lowe's Companies makes up approx 0.17% of Cornerstone Advisors’s portfolio.Dearborn Partners reduced its stake in LOW by selling 10 shares or 0.18% in the most recent quarter. The Hedge Fund company now holds 5,602 shares of LOW which is valued at $454,938. Lowe's Companies makes up approx 0.04% of Dearborn Partners’s portfolio.Private Bank Trust Co boosted its stake in LOW in the latest quarter, The investment management firm added 341 additional shares and now holds a total of 17,514 shares of Lowe's Companies which is valued at $1,434,747. Lowe's Companies makes up approx 0.22% of Private Bank Trust Co’s portfolio. Rosenbaum Jay D. added LOW to its portfolio by purchasing 2,550 company shares during the most recent quarter which is valued at $209,967. Lowe's Companies makes up approx 0.03% of Rosenbaum Jay D.’s portfolio.

Lowe's Companies closed down -1.08 points or -1.32% at $80.94 with 40,27,705 shares getting traded on Thursday. Post opening the session at $81.18, the shares hit an intraday low of $80.52 and an intraday high of $82.09 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Lowe's Companies reported $0.87 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 18, 2016. Analyst had a consensus of $0.85. The company had revenue of $15234.00 million for the quarter, compared to analysts expectations of $14876.32 million. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 EPS.

Many Wall Street Analysts have commented on Lowe's Companies. Stifel Resumed Lowe's Companies on Aug 2, 2016 to “Buy”, Price Target of the shares are set at $100.Company shares were Reiterated by Morgan Stanley on Jun 6, 2016 to “Overweight”, Firm has raised the Price Target to $ 87 from a previous price target of $84 .Topeka Capital Markets Initiated Lowe's Companies on May 24, 2016 to “Hold”, Price Target of the shares are set at $75.

Lowe’s Companies Inc. (Lowe’s) is a home improvement retailer. As of January 30 2015 Lowe’s operated 1840 home improvement and hardware stores representing approximately 201 million square feet of retail selling space. Lowe’s is consisted of 1793 stores located across 50 states in the United States including 74 Orchard Supply Hardware (Orchard) stores in California and Oregon as well as 37 stores in Canada and 10 stores in Mexico. It serves homeowners renters and professional customers (Pro customers). Its retail customers consisted of individual homeowners and renters complete a range of projects. The Pro customer consists of two categories: construction trades and maintenance repair and operations. The Company offers a range of products for maintenance repair remodeling and decorating.

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