Cambridge Trust Co. lowered its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 4.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 235,274 shares of the home improvement retailer’s stock after selling 11,965 shares during the period. Cambridge Trust Co.’s holdings in Lowe’s Companies were worth $18,808,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Lowe’s Companies by 4.3% in the first quarter. Vanguard Group Inc. now owns 63,871,103 shares of the home improvement retailer’s stock worth $5,250,843,000 after acquiring an additional 2,650,045 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD lifted its holdings in Lowe’s Companies by 11.8% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 105,471 shares of the home improvement retailer’s stock worth $8,177,000 after acquiring an additional 11,119 shares during the last quarter. Blue Edge Capital LLC bought a new position in Lowe’s Companies in the first quarter worth about $727,000. Summit Global Investments bought a new position in Lowe’s Companies in the second quarter worth about $1,421,000. Finally, Ffcm LLC lifted its holdings in Lowe’s Companies by 6.4% in the second quarter. Ffcm LLC now owns 30,895 shares of the home improvement retailer’s stock worth $2,395,000 after acquiring an additional 1,853 shares during the last quarter. 73.40% of the stock is currently owned by hedge funds and other institutional investors.

Lowe’s Companies, Inc. (LOW) traded up $1.11 during midday trading on Friday, hitting $86.69. 7,932,880 shares of the company were exchanged, compared to its average volume of 7,658,115. Lowe’s Companies, Inc. has a fifty-two week low of $70.49 and a fifty-two week high of $88.55. The company has a quick ratio of 0.12, a current ratio of 1.02 and a debt-to-equity ratio of 2.71. The firm has a market capitalization of $71,010.91, a price-to-earnings ratio of 18.98, a PEG ratio of 1.29 and a beta of 1.15.

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, beating 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 business had revenue of $16.77 billion for the quarter, compared to analyst estimates of $16.59 billion. During the same quarter last year, the business earned $0.88 earnings per share. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. analysts forecast that Lowe’s Companies, Inc. will post 4.51 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 7th. Investors 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 1.89%. Lowe’s Companies’s dividend payout ratio is presently 39.33%.

Several equities research analysts have commented on LOW shares. Guggenheim started coverage on shares of Lowe’s Companies in a research note on Tuesday. They issued a “buy” rating and a $95.00 price target on the stock. Moffett Nathanson started coverage on shares of Lowe’s Companies in a research note on Monday, December 4th. They issued a “buy” rating on the stock. Atlantic Securities lowered shares of Lowe’s Companies from an “overweight” rating to a “neutral” rating and set a $92.00 price target on the stock. in a research note on Tuesday, November 28th. Raymond James Financial upgraded shares of Lowe’s Companies from a “market perform” rating to an “outperform” rating and set a $87.00 price target on the stock in a research note on Monday, November 27th. Finally, UBS upgraded shares of Lowe’s Companies from a “market perform” rating to an “outperform” rating in a research note on Monday, November 27th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and seventeen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $87.66.

In related news, SVP Matthew V. Hollifield sold 7,853 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $78.30, for a total transaction of $614,889.90. Following the transaction, the senior vice president now owns 30,750 shares in the company, valued at $2,407,725. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nelson B. Peace sold 3,352 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $80.20, for a total transaction of $268,830.40. Following the transaction, the insider now owns 4,650 shares in the company, valued at approximately $372,930. The disclosure for this sale can be found here. Insiders have sold 13,303 shares of company stock worth $1,047,406 in the last quarter. Company insiders own 0.11% of the company’s stock.

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Lowe’s Companies Profile

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.

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

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