HL Financial Services LLC reduced its stake in Lowe's Companies, Inc. (NYSE:LOW) by 25.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,940 shares of the home improvement retailer’s stock after selling 9,945 shares during the period. HL Financial Services LLC’s holdings in Lowe's Companies were worth $2,314,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of Lowe's Companies by 1,757.3% during the first quarter. BlackRock Inc. now owns 61,377,883 shares of the home improvement retailer’s stock valued at $5,045,875,000 after buying an additional 58,073,138 shares during the last quarter. FMR LLC boosted its position in shares of Lowe's Companies by 62.6% during the second quarter. FMR LLC now owns 9,694,439 shares of the home improvement retailer’s stock valued at $751,610,000 after buying an additional 3,732,153 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Lowe's Companies by 1,457.8% during the second quarter. Janus Henderson Group PLC now owns 3,787,825 shares of the home improvement retailer’s stock valued at $293,669,000 after buying an additional 3,544,665 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Lowe's Companies by 4.3% during the first quarter. Vanguard Group Inc. now owns 63,871,103 shares of the home improvement retailer’s stock valued at $5,250,843,000 after buying an additional 2,650,045 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in shares of Lowe's Companies by 94.1% during the second quarter. Parametric Portfolio Associates LLC now owns 3,482,003 shares of the home improvement retailer’s stock valued at $269,960,000 after buying an additional 1,688,392 shares during the last quarter. 73.14% of the stock is currently owned by hedge funds and other institutional investors.

LOW has been the topic of several recent analyst reports. Royal Bank of Canada reaffirmed a “buy” rating and set a $84.00 price objective on shares of Lowe's Companies in a research report on Tuesday, November 7th. Bank of America started coverage on Lowe's Companies in a research report on Tuesday, September 5th. They issued a “buy” rating and a $95.00 target price on the stock. Zacks Investment Research cut Lowe's Companies from a “hold” rating to a “sell” rating in a research report on Monday, August 28th. Credit Suisse Group set a $88.00 target price on Lowe's Companies and gave the stock a “hold” rating in a research report on Friday, November 24th. Finally, Oppenheimer set a $100.00 target price on Lowe's Companies and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seventeen have assigned a buy rating to the stock. Lowe's Companies presently has an average rating of “Hold” and a consensus target price of $87.66.

In related news, insider Nelson B. Peace sold 3,352 shares of Lowe's Companies stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $80.20, for a total transaction of $268,830.40. Following the sale, the insider now owns 4,650 shares of the company’s stock, valued at approximately $372,930. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Matthew V. Hollifield sold 7,853 shares of Lowe's Companies stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $78.30, for a total value of $614,889.90. Following the sale, the senior vice president now directly owns 30,750 shares in the company, valued at approximately $2,407,725. The disclosure for this sale can be found here. 0.11% of the stock is owned by company insiders.

Lowe's Companies, Inc. (LOW) opened at $88.86 on Wednesday. The company has a debt-to-equity ratio of 2.71, a current ratio of 1.02 and a quick ratio of 0.12. Lowe's Companies, Inc. has a 12 month low of $70.49 and a 12 month high of $89.33. The company has a market capitalization of $72,554.27, a PE ratio of 19.39, a PEG ratio of 1.32 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, topping the consensus estimate of $1.02 by $0.03. Lowe's Companies had a return on equity of 66.27% and a net margin of 5.16%. The firm had revenue of $16.77 billion for the quarter, compared to the consensus estimate of $16.59 billion. During the same quarter last year, the company earned $0.88 earnings per share. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. research analysts expect that Lowe's Companies, Inc. will post 4.51 EPS for the current fiscal year.

The business 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 $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend is Tuesday, January 23rd. Lowe's Companies’s dividend payout ratio (DPR) is currently 39.33%.

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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.

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

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