King Luther Capital Management Corp decreased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 37.6% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 68,720 shares of the home improvement retailer’s stock after selling 41,424 shares during the period. King Luther Capital Management Corp’s holdings in Lowe’s Companies were worth $4,962,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. North Star Investment Management Corp. boosted its stake in shares of Lowe’s Companies by 20.0% in the third quarter. North Star Investment Management Corp. now owns 1,380 shares of the home improvement retailer’s stock worth $100,000 after buying an additional 230 shares during the last quarter. Mycio Wealth Partners LLC boosted its stake in shares of Lowe’s Companies by 5.4% in the third quarter. Mycio Wealth Partners LLC now owns 1,385 shares of the home improvement retailer’s stock worth $100,000 after buying an additional 71 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in shares of Lowe’s Companies during the second quarter worth approximately $103,000. Hanson McClain Inc. boosted its stake in shares of Lowe’s Companies by 17.5% in the second quarter. Hanson McClain Inc. now owns 1,328 shares of the home improvement retailer’s stock worth $105,000 after buying an additional 198 shares during the last quarter. Finally, Kistler Tiffany Companies LLC boosted its stake in shares of Lowe’s Companies by 68.0% in the third quarter. Kistler Tiffany Companies LLC now owns 1,482 shares of the home improvement retailer’s stock worth $107,000 after buying an additional 600 shares during the last quarter. 74.00% of the stock is currently owned by institutional investors and hedge funds.

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

Lowe’s Companies, Inc. (NYSE:LOW) traded up 0.7406% on Friday, reaching $72.1101. 1,943,058 shares of the company traded hands. Lowe’s Companies, Inc. has a 52-week low of $62.62 and a 52-week high of $83.65. The stock has a market capitalization of $62.72 billion, a price-to-earnings ratio of 26.4721 and a beta of 1.28. The firm has a 50 day moving average price of $72.47 and a 200 day moving average price of $74.22.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, November 16th. The home improvement retailer reported $0.88 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.96 by $0.08. The company earned $15.70 billion during the quarter, compared to analysts’ expectations of $15.86 billion. Lowe’s Companies had a return on equity of 46.46% and a net margin of 3.91%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.80 EPS. Equities research analysts predict that Lowe’s Companies, Inc. will post $3.92 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 8th. Investors of record on Wednesday, January 25th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Monday, January 23rd. This represents a $1.40 dividend on an annualized basis and a yield of 1.96%. Lowe’s Companies’s dividend payout ratio is currently 51.28%.

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A number of brokerages recently commented on LOW. Zacks Investment Research raised shares of Lowe’s Companies from a “sell” rating to a “hold” rating in a research note on Thursday, January 5th. Wedbush reissued a “neutral” rating and issued a $73.00 price objective on shares of Lowe’s Companies in a research note on Wednesday, November 30th. RBC Capital Markets increased their price objective on shares of Lowe’s Companies from $75.00 to $83.00 and gave the company an “outperform” rating in a research note on Thursday, December 8th. Citigroup Inc. cut shares of Lowe’s Companies from a “buy” rating to a “neutral” rating in a research note on Monday, December 19th. Finally, Cleveland Research cut shares of Lowe’s Companies from a “buy” rating to a “neutral” rating in a research note on Thursday, October 6th. Thirteen investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $82.19.

In other Lowe’s Companies news, SVP Matthew V. Hollifield sold 2,609 shares of Lowe’s Companies stock in a transaction dated Thursday, December 1st. The stock was sold at an average price of $70.29, for a total transaction of $183,386.61. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Marshall A. Croom sold 6,300 shares of Lowe’s Companies stock in a transaction dated Monday, November 28th. The shares were sold at an average price of $71.52, for a total value of $450,576.00. Following the transaction, the insider now directly owns 40,602 shares in the company, valued at approximately $2,903,855.04. The disclosure for this sale can be found here. 0.39% of the stock is owned by corporate insiders.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.

5 Day Chart for NYSE:LOW

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