Raymond James Trust N.A. trimmed its position in Lowe's Companies, Inc. (NYSE:LOW) by 3.1% in the third quarter, HoldingsChannel.com reports. The firm owned 22,377 shares of the home improvement retailer’s stock after selling 708 shares during the quarter. Raymond James Trust N.A.’s holdings in Lowe's Companies were worth $3,711,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. PrairieView Partners LLC bought a new position in shares of Lowe's Companies in the second quarter valued at $26,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Lowe's Companies in the second quarter valued at $26,000. Financial Management Professionals Inc. bought a new position in shares of Lowe's Companies in the second quarter valued at $32,000. Price Wealth LLC bought a new position in shares of Lowe's Companies in the second quarter valued at $35,000. Finally, JJJ Advisors Inc. bought a new position in shares of Lowe's Companies in the second quarter valued at $44,000. Hedge funds and other institutional investors own 74.63% of the company’s stock.

Shares of NYSE:LOW opened at $177.70 on Friday. The stock has a market capitalization of $134.29 billion, a PE ratio of 23.63, a P/E/G ratio of 1.23 and a beta of 1.48. Lowe's Companies, Inc. has a 1 year low of $60.00 and a 1 year high of $180.67. The firm has a fifty day moving average price of $164.39 and a 200 day moving average price of $135.31. The company has a current ratio of 1.30, a quick ratio of 0.65 and a debt-to-equity ratio of 4.64.

Lowe's Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $3.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.95 by $0.80. The firm had revenue of $27.30 billion during the quarter, compared to analysts’ expectations of $24.24 billion. Lowe's Companies had a net margin of 7.12% and a return on equity of 228.17%. Lowe's Companies’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.15 earnings per share. On average, sell-side analysts forecast that Lowe's Companies, Inc. will post 8.49 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Investors of record on Wednesday, October 21st will be issued a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, October 20th. This is a boost from Lowe's Companies’s previous quarterly dividend of $0.55. This represents a $2.40 dividend on an annualized basis and a yield of 1.35%. Lowe's Companies’s dividend payout ratio is currently 38.46%.

In related news, EVP Ross W. Mccanless sold 62,838 shares of the company’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $168.33, for a total value of $10,577,520.54. Following the completion of the sale, the executive vice president now directly owns 72,967 shares in the company, valued at $12,282,535.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.07% of the company’s stock.

Several research analysts have issued reports on the company. KeyCorp upped their price target on Lowe's Companies from $165.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, August 20th. Jefferies Financial Group upped their price target on Lowe's Companies from $193.00 to $205.00 in a report on Wednesday, August 26th. Robert W. Baird upped their price target on Lowe's Companies from $175.00 to $190.00 and gave the company an “outperform” rating in a report on Wednesday, August 19th. Wells Fargo & Company upped their price target on Lowe's Companies from $165.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, August 11th. Finally, Wedbush boosted their target price on shares of Lowe's Companies from $125.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, August 20th. Four research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $169.50.

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 appliances, décor, paint, hardware, millwork, lawn and garden, lighting, lumber and building materials, flooring, kitchens and bath, rough plumbing and electrical, seasonal and outdoor living, and tools.

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

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