Arrow Financial Corp cut its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 10.7% during the third quarter, Holdings Channel reports. The firm owned 7,936 shares of the home improvement retailer’s stock after selling 950 shares during the period. Arrow Financial Corp’s holdings in Lowe’s Companies were worth $573,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Enterprise Financial Services Corp boosted its position in Lowe’s Companies by 0.6% in the third quarter. Enterprise Financial Services Corp now owns 9,592 shares of the home improvement retailer’s stock valued at $693,000 after buying an additional 60 shares during the period. Rothschild Asset Management Inc. boosted its position in Lowe’s Companies by 34.7% in the third quarter. Rothschild Asset Management Inc. now owns 6,828 shares of the home improvement retailer’s stock valued at $493,000 after buying an additional 1,760 shares during the period. Stanley Laman Group Ltd. boosted its position in Lowe’s Companies by 8.4% in the third quarter. Stanley Laman Group Ltd. now owns 3,678 shares of the home improvement retailer’s stock valued at $266,000 after buying an additional 285 shares during the period. Brookstone Capital Management boosted its position in Lowe’s Companies by 47.5% in the third quarter. Brookstone Capital Management now owns 9,261 shares of the home improvement retailer’s stock valued at $669,000 after buying an additional 2,982 shares during the period. Finally, Foster & Motley Inc. boosted its position in Lowe’s Companies by 75.9% in the third quarter. Foster & Motley Inc. now owns 59,567 shares of the home improvement retailer’s stock valued at $4,301,000 after buying an additional 25,710 shares during the period. Hedge funds and other institutional investors own 74.00% of the company’s stock.

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

Lowe’s Companies, Inc. (NYSE:LOW) traded up 0.80% on Friday, reaching $72.15. 6,947,951 shares of the company were exchanged. The stock has a 50 day moving average of $72.46 and a 200 day moving average of $74.19. Lowe’s Companies, Inc. has a 12-month low of $62.62 and a 12-month high of $83.65. The firm has a market capitalization of $62.76 billion, a PE ratio of 26.49 and a beta of 1.28.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, November 16th. The home improvement retailer reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by $0.08. The business had revenue of $15.70 billion for the quarter, compared to the consensus estimate of $15.86 billion. Lowe’s Companies had a net margin of 3.91% and a return on equity of 46.46%. Lowe’s Companies’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.80 EPS. Equities analysts anticipate that Lowe’s Companies, Inc. will post $3.92 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 8th. Investors of record on Wednesday, January 25th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, January 23rd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.94%. Lowe’s Companies’s dividend payout ratio is presently 51.28%.

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Several research analysts have commented on the stock. RBC Capital Markets set a $83.00 target price on shares of Lowe’s Companies and gave the stock a “buy” rating in a research report on Thursday, January 5th. Zacks Investment Research upgraded shares of Lowe’s Companies from a “sell” rating to a “hold” rating in a report on Thursday, January 5th. Vetr upgraded shares of Lowe’s Companies from a “sell” rating to a “hold” rating and set a $69.27 price objective for the company in a report on Monday, January 2nd. Citigroup Inc. cut shares of Lowe’s Companies from a “buy” rating to a “neutral” rating in a report on Monday, December 19th. Finally, Royal Bank Of Canada increased their price objective on shares of Lowe’s Companies from $75.00 to $83.00 and gave the company an “outperform” rating in a report on Thursday, December 8th. Thirteen equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $82.19.

In related news, COO Ricky D. Damron sold 17,225 shares of the company’s stock in a transaction that occurred on Friday, December 9th. The stock was sold at an average price of $74.83, for a total transaction of $1,288,946.75. Following the completion of the transaction, the chief operating officer now owns 46,725 shares in the company, valued at $3,496,431.75. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Matthew V. Hollifield sold 2,609 shares of the company’s stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of $70.29, for a total value of $183,386.61. The disclosure for this sale can be found here. Corporate insiders own 0.39% of the company’s stock.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.

5 Day Chart for NYSE:LOW

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