North Star Asset Management Inc. lessened its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 96,598 shares of the home improvement retailer’s stock after selling 4,276 shares during the period. North Star Asset Management Inc.’s holdings in Lowe’s Companies were worth $7,941,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. SRS Capital Advisors Inc. boosted its holdings in shares of Lowe’s Companies by 0.4% in the 1st quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock valued at $101,000 after buying an additional 5 shares in the last quarter. Harbour Capital Advisors LLC acquired a new position in shares of Lowe’s Companies in the 1st quarter valued at $103,000. Atlantic Trust LLC acquired a new position in shares of Lowe’s Companies in the 2nd quarter valued at $105,000. State of Alaska Department of Revenue boosted its holdings in shares of Lowe’s Companies by 8.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 1,440 shares of the home improvement retailer’s stock valued at $111,000 after buying an additional 110 shares in the last quarter. Finally, Balentine LLC acquired a new position in shares of Lowe’s Companies in the 1st quarter valued at $120,000. Institutional investors own 73.29% of the company’s stock.

Shares of Lowe’s Companies, Inc. (LOW) traded down $3.91 during trading on Thursday, reaching $82.40. 12,291,000 shares of the company’s stock were exchanged, compared to its average volume of 5,951,254. The stock has a market cap of $71,616.63, a P/E ratio of 19.14, a P/E/G ratio of 1.38 and a beta of 1.15. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.12 and a current ratio of 1.02. Lowe’s Companies, Inc. has a 52 week low of $70.49 and a 52 week high of $88.55.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Tuesday, November 21st. The home improvement retailer reported $1.05 EPS for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.03. The company had revenue of $16.77 billion during the quarter, compared to the consensus estimate of $16.59 billion. Lowe’s Companies had a net margin of 5.16% and a return on equity of 66.27%. Lowe’s Companies’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.88 EPS. equities analysts anticipate that Lowe’s Companies, Inc. will post 4.51 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, January 23rd. This represents a $1.64 dividend on an annualized basis and a yield of 1.99%. Lowe’s Companies’s payout ratio is currently 39.33%.

Several brokerages have recently issued reports on LOW. Moffett Nathanson began coverage on shares of Lowe’s Companies in a report on Monday. They issued a “buy” rating for the company. Deutsche Bank restated a “buy” rating and issued a $90.00 target price (up previously from $85.00) on shares of Lowe’s Companies in a report on Friday, October 6th. Stifel Nicolaus upped their target price on shares of Lowe’s Companies from $87.00 to $93.00 and gave the company a “buy” rating in a report on Tuesday, November 21st. Gordon Haskett began coverage on shares of Lowe’s Companies in a report on Tuesday, October 3rd. They issued an “accumulate” rating and a $88.00 target price for the company. Finally, UBS upped their target price on shares of Lowe’s Companies from $89.00 to $93.00 and gave the company a “buy” rating in a report on Wednesday, November 22nd. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $87.40.

In other Lowe’s Companies 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 transaction 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 legal filing with the SEC, which can be accessed through this link. Also, insider Paul D. Ramsay sold 2,098 shares of the company’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $78.02, for a total transaction of $163,685.96. Following the transaction, the insider now owns 8,400 shares of the company’s stock, valued at approximately $655,368. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,303 shares of company stock valued at $1,047,406. 0.11% of the stock is owned by insiders.

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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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