Leavell Investment Management Inc. cut its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,309 shares of the home improvement retailer’s stock after selling 92 shares during the period. Leavell Investment Management Inc.’s holdings in Lowe’s Companies were worth $2,427,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. SRS Capital Advisors Inc. increased its stake in shares of Lowe’s Companies by 0.4% during the first 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 during the period. Harbour Capital Advisors LLC purchased a new position in shares of Lowe’s Companies during the first quarter valued at approximately $103,000. Hanson McClain Inc. increased its stake in shares of Lowe’s Companies by 3.5% during the first quarter. Hanson McClain Inc. now owns 1,337 shares of the home improvement retailer’s stock valued at $110,000 after buying an additional 45 shares during the period. State of Alaska Department of Revenue increased its stake in shares of Lowe’s Companies by 8.3% during the second 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 during the period. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Lowe’s Companies during the first quarter valued at approximately $119,000. 74.20% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Paul D. Ramsay sold 2,098 shares of the firm’s stock in a transaction on Tuesday, September 19th. The stock was 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 owns 8,400 shares of the company’s stock, valued at approximately $655,368. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is owned by company insiders.

ILLEGAL ACTIVITY WARNING: “Lowe’s Companies, Inc. (LOW) Shares Sold by Leavell Investment Management Inc.” was originally reported by Daily Political and is the property of of Daily Political. If you are accessing this piece on another publication, it was illegally copied and republished in violation of U.S. & international trademark and copyright laws. The original version of this piece can be viewed at https://www.dailypolitical.com/2017/09/24/lowes-companies-inc-low-shares-sold-by-leavell-investment-management-inc.html.

LOW has been the topic of several research reports. Wolfe Research restated an “outperform” rating and set a $94.00 price target (down from $95.00) on shares of Lowe’s Companies in a research report on Sunday, May 28th. Jefferies Group LLC restated a “hold” rating and set a $89.00 price target (down from $94.00) on shares of Lowe’s Companies in a research report on Sunday, May 28th. Sanford C. Bernstein restated an “underperform” rating and set a $69.00 price target on shares of Lowe’s Companies in a research report on Wednesday, July 12th. Zacks Investment Research lowered Lowe’s Companies from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Finally, BMO Capital Markets restated a “buy” rating and set a $89.00 price target on shares of Lowe’s Companies in a research report on Thursday, July 20th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $85.00.

Shares of Lowe’s Companies, Inc. (NYSE:LOW) traded up 0.24% on Friday, hitting $78.23. The stock had a trading volume of 5,981,210 shares. The company has a market cap of $65.15 billion, a P/E ratio of 22.21 and a beta of 1.07. The company’s 50 day moving average price is $76.25 and its 200-day moving average price is $79.59. Lowe’s Companies, Inc. has a 12 month low of $64.87 and a 12 month high of $86.25.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.62 by ($0.05). The business had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.58 billion. Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.37 EPS. On average, analysts expect that Lowe’s Companies, Inc. will post $4.50 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Wednesday, October 25th will be given a $0.41 dividend. The ex-dividend date of this dividend is Tuesday, October 24th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.10%. Lowe’s Companies’s payout ratio is 46.20%.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc (Lowe’s) is a FORTUNE 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.

Want to see what other hedge funds are holding LOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lowe’s Companies, Inc. (NYSE:LOW).

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

Receive News & Ratings for Lowe's Companies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.