Putnam Fl Investment Management Co Lowers stake in Lowe's Companies (LOW)

Lowe's Companies (LOW) : Putnam Fl Investment Management Co reduced its stake in Lowe's Companies by 3.21% during the most recent quarter end. The investment management company now holds a total of 266,295 shares of Lowe's Companies which is valued at $19,000,148 after selling 8,825 shares in Lowe's Companies , the firm said in a disclosure report filed with the SEC on Oct 17, 2016.Lowe's Companies makes up approximately 2.20% of Putnam Fl Investment Management Co’s portfolio.

Other Hedge Funds, Including , At Bancorp added LOW to its portfolio by purchasing 13,731 company shares during the most recent quarter which is valued at $976,274. Lowe's Companies makes up approx 0.14% of At Bancorp’s portfolio. W.g. Shaheen Associates Dba Whitney Co sold out all of its stake in LOW during the most recent quarter. The investment firm sold 2,700 shares of LOW which is valued $191,970. Community Trust Investment Co added LOW to its portfolio by purchasing 46,463 company shares during the most recent quarter which is valued at $3,297,479. Lowe's Companies makes up approx 0.42% of Community Trust Investment Co’s portfolio.

Lowe's Companies opened for trading at $71.57 and hit $71.93 on the upside on Friday, eventually ending the session at $71.35, with a gain of 0.35% or 0.25 points. The heightened volatility saw the trading volume jump to 56,59,945 shares. Company has a market cap of $62,407 M.

On the company’s financial health, Lowe's Companies reported $1.37 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Aug 17, 2016. Analyst had a consensus of $1.42. The company had revenue of $18260.00 million for the quarter, compared to analysts expectations of $18420.50 million. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.20 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.

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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