BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its stake in Lowe's Companies, Inc. (NYSE:LOW) by 1.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 561,196 shares of the home improvement retailer’s stock after selling 10,140 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Lowe's Companies were worth $44,862,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in LOW. Blue Edge Capital LLC purchased a new stake in Lowe's Companies during the 1st quarter worth approximately $727,000. Verde Servicos Internacionais S.A. increased its stake in Lowe's Companies by 6.0% during the 2nd quarter. Verde Servicos Internacionais S.A. now owns 69,821 shares of the home improvement retailer’s stock worth $5,413,000 after buying an additional 3,935 shares during the period. McQueen Ball & Associates Inc. increased its stake in Lowe's Companies by 0.5% during the 2nd quarter. McQueen Ball & Associates Inc. now owns 33,754 shares of the home improvement retailer’s stock worth $2,617,000 after buying an additional 180 shares during the period. Pioneer Trust Bank N A OR increased its stake in Lowe's Companies by 0.7% during the 2nd quarter. Pioneer Trust Bank N A OR now owns 10,428 shares of the home improvement retailer’s stock worth $809,000 after buying an additional 70 shares during the period. Finally, Xact Kapitalforvaltning AB increased its stake in Lowe's Companies by 0.8% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 133,022 shares of the home improvement retailer’s stock worth $10,313,000 after buying an additional 1,056 shares during the period. 73.12% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Nelson B. Peace sold 3,352 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $80.20, for a total value of $268,830.40. Following the completion of the transaction, the insider now owns 4,650 shares in the company, valued at approximately $372,930. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.11% of the company’s stock.

Lowe's Companies, Inc. (NYSE LOW) opened at $93.71 on Tuesday. Lowe's Companies, Inc. has a twelve month low of $70.56 and a twelve month high of $95.13. The company has a debt-to-equity ratio of 2.71, a current ratio of 1.02 and a quick ratio of 0.12. The stock has a market cap of $77,760.00, a price-to-earnings ratio of 22.53, a PEG ratio of 1.43 and a beta of 1.14.

Lowe's Companies (NYSE:LOW) last issued its earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share (EPS) for the quarter, beating the 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 during the quarter, compared to analysts’ expectations of $16.59 billion. During the same quarter in the prior year, the business posted $0.88 EPS. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. sell-side analysts expect that Lowe's Companies, Inc. will post 4.51 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Stockholders of record on Wednesday, January 24th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend is Tuesday, January 23rd. Lowe's Companies’s payout ratio is 39.42%.

Several equities research analysts recently weighed in on the stock. Atlantic Securities downgraded shares of Lowe's Companies from an “overweight” rating to a “neutral” rating and set a $92.00 target price on the stock. in a research note on Tuesday, November 28th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $82.00 target price on shares of Lowe's Companies in a research note on Friday, November 24th. Stifel Nicolaus reaffirmed a “buy” rating and set a $103.00 target price on shares of Lowe's Companies in a research note on Friday, December 22nd. Barclays raised shares of Lowe's Companies from an “equal weight” rating to an “overweight” rating in a research note on Friday. Finally, Zelman & Associates downgraded shares of Lowe's Companies from a “buy” rating to a “hold” rating in a research note on Friday. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eighteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $88.62.

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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.

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

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