State of Tennessee Treasury Department decreased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 8.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 530,372 shares of the home improvement retailer’s stock after selling 49,318 shares during the quarter. State of Tennessee Treasury Department owned approximately 0.06% of Lowe’s Companies worth $42,398,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vantage Financial Partners Ltd. Inc. acquired a new stake in shares of Lowe’s Companies during the 2nd quarter valued at $233,000. Harbour Capital Advisors LLC acquired a new stake in shares of Lowe’s Companies during the 1st quarter valued at $103,000. Atlantic Trust LLC acquired a new stake in shares of Lowe’s Companies during the 2nd quarter valued at $105,000. IHT Wealth Management LLC boosted its holdings in shares of Lowe’s Companies by 8.7% during the 2nd quarter. IHT Wealth Management LLC now owns 1,368 shares of the home improvement retailer’s stock valued at $154,000 after acquiring an additional 110 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in Lowe’s Companies by 8.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 1,440 shares of the home improvement retailer’s stock worth $111,000 after buying an additional 110 shares during the period. 73.40% of the stock is currently owned by institutional investors.

In related news, SVP Matthew V. Hollifield sold 7,853 shares of the business’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $78.30, for a total value of $614,889.90. Following the completion of the sale, the senior vice president now directly owns 30,750 shares of the company’s stock, valued at approximately $2,407,725. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul D. Ramsay sold 2,098 shares of the business’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $78.02, for a total value of $163,685.96. Following the completion of the sale, the insider now directly owns 8,400 shares of the company’s stock, valued at $655,368. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,303 shares of company stock valued at $1,047,406. Corporate insiders own 0.11% of the company’s stock.

Several research analysts have commented on LOW shares. Zacks Investment Research raised Lowe’s Companies from a “sell” rating to a “hold” rating in a report on Monday, September 11th. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $83.00 target price (down from $89.00) on shares of Lowe’s Companies in a report on Thursday, August 24th. BMO Capital Markets reaffirmed a “hold” rating and set a $82.00 target price on shares of Lowe’s Companies in a report on Thursday, November 2nd. Raymond James Financial raised Lowe’s Companies from a “market perform” rating to an “outperform” rating and set a $87.00 target price on the stock in a report on Monday, November 27th. Finally, Morgan Stanley cut their target price on Lowe’s Companies from $88.00 to $81.00 and set an “overweight” rating on the stock in a report on Thursday, August 24th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $87.66.

Lowe’s Companies, Inc. (NYSE:LOW) traded down $0.02 during mid-day trading on Friday, hitting $85.58. The stock had a trading volume of 3,908,500 shares, compared to its average volume of 5,976,761. Lowe’s Companies, Inc. has a 1 year low of $70.49 and a 1 year high of $88.55. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.12 and a current ratio of 1.02. The company has a market cap of $71,027.50, 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 earnings per share for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $16.59 billion. During the same period last year, the company posted $0.88 EPS. The business’s quarterly revenue was up 6.6% on a year-over-year basis. equities analysts forecast that Lowe’s Companies, Inc. will post 4.51 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 7th. Stockholders of record on Wednesday, January 24th will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Tuesday, January 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 39.33%.

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About Lowe’s Companies

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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