Atlanta Capital Management Co. L L C cut its stake in shares of Lowe's Companies, Inc. (NYSE:LOW) by 4.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 685,064 shares of the home improvement retailer’s stock after selling 28,959 shares during the quarter. Atlanta Capital Management Co. L L C’s holdings in Lowe's Companies were worth $54,764,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Alps Advisors Inc. raised its holdings in Lowe's Companies by 0.3% during the second quarter. Alps Advisors Inc. now owns 5,844 shares of the home improvement retailer’s stock valued at $453,000 after buying an additional 15 shares in the last quarter. Bank of Stockton raised its holdings in Lowe's Companies by 0.6% during the second quarter. Bank of Stockton now owns 4,670 shares of the home improvement retailer’s stock valued at $362,000 after buying an additional 30 shares in the last quarter. Brave Asset Management Inc. raised its holdings in Lowe's Companies by 1.5% during the second quarter. Brave Asset Management Inc. now owns 2,927 shares of the home improvement retailer’s stock valued at $227,000 after buying an additional 42 shares in the last quarter. CHICAGO TRUST Co NA raised its holdings in Lowe's Companies by 1.3% during the second quarter. CHICAGO TRUST Co NA now owns 3,606 shares of the home improvement retailer’s stock valued at $280,000 after buying an additional 46 shares in the last quarter. Finally, Allegis Investment Advisors LLC raised its holdings in Lowe's Companies by 0.6% during the second quarter. Allegis Investment Advisors LLC now owns 10,176 shares of the home improvement retailer’s stock valued at $789,000 after buying an additional 65 shares in the last quarter. 73.12% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have weighed in on the company. Barclays upgraded Lowe's Companies from an “equal weight” rating to an “overweight” rating in a report on Friday, January 5th. Zelman & Associates lowered Lowe's Companies from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Stifel Nicolaus reiterated a “buy” rating and issued a $103.00 price objective on shares of Lowe's Companies in a research note on Friday, December 22nd. Robert W. Baird reiterated a “buy” rating and issued a $110.00 price objective on shares of Lowe's Companies in a research note on Wednesday, January 3rd. Finally, Guggenheim assumed coverage on Lowe's Companies in a research report on Tuesday, December 12th. They set a “buy” rating and a $95.00 target price on the stock. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and eighteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $88.62.

Lowe's Companies, Inc. (LOW) opened at $94.17 on Thursday. Lowe's Companies, Inc. has a one year low of $70.56 and a one year high of $95.13. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.12 and a current ratio of 1.02. The company has a market cap of $78,140.00, a PE ratio of 22.64, a PEG ratio of 1.43 and a beta of 1.14.

Lowe's Companies (NYSE:LOW) last posted its quarterly earnings data on Tuesday, November 21st. The home improvement retailer reported $1.05 EPS for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.03. Lowe's Companies had a net margin of 5.16% and a return on equity of 66.27%. The company had revenue of $16.77 billion during the quarter, compared to the consensus estimate of $16.59 billion. During the same period in the prior year, the business posted $0.88 EPS. The company’s quarterly revenue was up 6.6% on a year-over-year basis. research analysts anticipate that Lowe's Companies, Inc. will post 4.51 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 7th. Stockholders of record on Wednesday, January 24th will be paid a dividend of $0.41 per share. The ex-dividend date is Tuesday, January 23rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.74%. Lowe's Companies’s dividend payout ratio is 39.42%.

In other news, insider Nelson B. Peace sold 3,352 shares of the company’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $80.20, for a total value of $268,830.40. Following the sale, the insider now directly owns 4,650 shares of the company’s stock, valued at approximately $372,930. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.11% of the company’s stock.

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About Lowe's Companies

Lowe’s Companies, Inc (Lowe’s) is a home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens.

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

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