First National Bank & Trust Co. of Newtown cut its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 12.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,512 shares of the home improvement retailer’s stock after selling 500 shares during the quarter. First National Bank & Trust Co. of Newtown’s holdings in Lowe’s Companies were worth $272,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of LOW. Waldron LP purchased a new position in shares of Lowe’s Companies during the first quarter worth approximately $364,000. Bank of Stockton increased its holdings in Lowe’s Companies by 5.5% during the first quarter. Bank of Stockton now owns 4,640 shares of the home improvement retailer’s stock valued at $381,000 after buying an additional 240 shares during the period. Tufton Capital Management purchased a new position in Lowe’s Companies during the first quarter valued at approximately $423,000. Canada Pension Plan Investment Board increased its holdings in Lowe’s Companies by 26.3% during the first quarter. Canada Pension Plan Investment Board now owns 1,351,299 shares of the home improvement retailer’s stock valued at $111,090,000 after buying an additional 281,678 shares during the period. Finally, Cadence Bank NA increased its holdings in Lowe’s Companies by 19.6% during the first quarter. Cadence Bank NA now owns 20,326 shares of the home improvement retailer’s stock valued at $1,671,000 after buying an additional 3,328 shares during the period. 74.20% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Paul D. Ramsay sold 2,098 shares of the stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $78.02, for a total value of $163,685.96. Following the transaction, the insider now directly owns 8,400 shares of the company’s stock, valued at approximately $655,368. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.11% of the company’s stock.

Shares of Lowe’s Companies, Inc. (NYSE LOW) opened at 79.34 on Tuesday. Lowe’s Companies, Inc. has a 1-year low of $64.87 and a 1-year high of $86.25. The firm has a market capitalization of $66.08 billion, a P/E ratio of 22.53 and a beta of 1.07. The stock’s 50 day moving average is $76.25 and its 200 day moving average is $79.59.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 EPS for the quarter, missing the Zacks’ consensus estimate of $1.62 by ($0.05). The company had revenue of $19.50 billion during the quarter, compared to analysts’ expectations of $19.58 billion. Lowe’s Companies had a net margin of 4.51% and a return on equity of 62.02%. The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the business earned $1.37 earnings per share. Equities analysts predict that Lowe’s Companies, Inc. will post $4.50 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Investors of record on Wednesday, October 25th will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend is Tuesday, October 24th. Lowe’s Companies’s dividend payout ratio (DPR) is 46.20%.

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Several equities analysts recently issued reports on LOW shares. Longbow Research reissued a “buy” rating and set a $95.00 price objective on shares of Lowe’s Companies in a report on Monday, August 14th. Zacks Investment Research lowered shares of Lowe’s Companies from a “hold” rating to a “sell” rating in a report on Monday, July 17th. BidaskClub raised shares of Lowe’s Companies from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 2nd. Credit Suisse Group reissued an “outperform” rating and set a $94.00 price objective on shares of Lowe’s Companies in a report on Monday, August 21st. They noted that the move was a valuation call. Finally, Stifel Nicolaus reissued a “buy” rating and set a $87.00 price objective on shares of Lowe’s Companies in a report on Friday, July 21st. Three analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $85.00.

Lowe’s Companies Company 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.

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

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