NBT Bank N A NY trimmed its position in Lowe’s Companies, Inc. (NYSE:LOW) by 1.1% in the 1st quarter, Holdings Channel reports. The firm owned 85,242 shares of the home improvement retailer’s stock after selling 970 shares during the quarter. Lowe’s Companies makes up about 1.7% of NBT Bank N A NY’s portfolio, making the stock its 11th largest position. NBT Bank N A NY’s holdings in Lowe’s Companies were worth $9,331,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. F3Logic LLC acquired a new stake in Lowe’s Companies during the fourth quarter worth about $2,135,000. Greatmark Investment Partners Inc. grew its holdings in Lowe’s Companies by 24.8% during the fourth quarter. Greatmark Investment Partners Inc. now owns 63,221 shares of the home improvement retailer’s stock worth $5,839,000 after acquiring an additional 12,550 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Lowe’s Companies during the fourth quarter worth about $1,467,000. BlackRock Inc. grew its holdings in Lowe’s Companies by 0.7% during the fourth quarter. BlackRock Inc. now owns 53,503,078 shares of the home improvement retailer’s stock worth $4,941,544,000 after acquiring an additional 371,008 shares during the period. Finally, Ingalls & Snyder LLC grew its holdings in Lowe’s Companies by 6.2% during the fourth quarter. Ingalls & Snyder LLC now owns 10,523 shares of the home improvement retailer’s stock worth $972,000 after acquiring an additional 613 shares during the period. Hedge funds and other institutional investors own 75.53% of the company’s stock.

Shares of LOW opened at $95.37 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.11 and a debt-to-equity ratio of 3.95. Lowe’s Companies, Inc. has a 12 month low of $84.75 and a 12 month high of $118.23. The company has a market capitalization of $75.91 billion, a price-to-earnings ratio of 18.55, a price-to-earnings-growth ratio of 1.30 and a beta of 1.26.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, May 22nd. The home improvement retailer reported $1.22 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.11). Lowe’s Companies had a net margin of 3.24% and a return on equity of 80.91%. The business had revenue of $17.74 billion during the quarter, compared to analyst estimates of $17.65 billion. During the same period in the previous year, the business posted $1.19 earnings per share. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. Research analysts anticipate that Lowe’s Companies, Inc. will post 6.05 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 2.01%. The ex-dividend date was Tuesday, April 23rd. Lowe’s Companies’s payout ratio is currently 37.35%.

Several analysts recently commented on the company. SunTrust Banks reaffirmed a “buy” rating and set a $120.00 target price on shares of Lowe’s Companies in a report on Friday. Gabelli reaffirmed a “buy” rating on shares of Lowe’s Companies in a report on Thursday. Morgan Stanley set a $123.00 target price on Lowe’s Companies and gave the stock a “buy” rating in a report on Thursday. UBS Group dropped their target price on Lowe’s Companies from $125.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Wedbush dropped their target price on Lowe’s Companies from $110.00 to $105.00 and set a “neutral” rating on the stock in a report on Thursday. Nine equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Lowe’s Companies has an average rating of “Buy” and a consensus price target of $113.35.

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Lowe’s Companies Company Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.

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

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