MEMBERS Trust Co bought a new stake in Lowe’s Companies, Inc. (NYSE:LOW) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,727 shares of the home improvement retailer’s stock, valued at approximately $218,000.

Several other hedge funds also recently bought and sold shares of the company. BlackRock Inc. grew its stake in Lowe’s Companies by 1,757.3% during the 1st quarter. BlackRock Inc. now owns 61,377,883 shares of the home improvement retailer’s stock valued at $5,045,875,000 after purchasing an additional 58,073,138 shares in the last quarter. OppenheimerFunds Inc. grew its stake in Lowe’s Companies by 204.0% during the 1st quarter. OppenheimerFunds Inc. now owns 8,018,171 shares of the home improvement retailer’s stock valued at $659,174,000 after purchasing an additional 5,380,759 shares in the last quarter. FMR LLC grew its stake in Lowe’s Companies by 62.6% during the 2nd quarter. FMR LLC now owns 9,694,439 shares of the home improvement retailer’s stock valued at $751,610,000 after purchasing an additional 3,732,153 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Lowe’s Companies by 1,457.8% during the 2nd quarter. Janus Henderson Group PLC now owns 3,787,825 shares of the home improvement retailer’s stock worth $293,669,000 after buying an additional 3,544,665 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Lowe’s Companies by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 63,871,103 shares of the home improvement retailer’s stock worth $5,250,843,000 after buying an additional 2,650,045 shares during the last quarter. Institutional investors and hedge funds own 72.85% of the company’s stock.

Shares of Lowe’s Companies, Inc. (NYSE:LOW) traded up $0.86 during mid-day trading on Friday, hitting $84.23. The stock had a trading volume of 4,935,498 shares, compared to its average volume of 5,877,339. Lowe’s Companies, Inc. has a one year low of $70.49 and a one year high of $86.25. The firm has a market cap of $70,150.00, a PE ratio of 18.11, a PEG ratio of 1.31 and a beta of 1.13. The company has a current ratio of 1.02, a quick ratio of 0.12 and a debt-to-equity ratio of 2.71.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $16.77 billion for the quarter, compared to analysts’ expectations of $16.59 billion. During the same period last year, the firm earned $0.88 EPS. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. sell-side analysts predict that Lowe’s Companies, Inc. will post 4.51 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Investors of record on Wednesday, January 24th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date is Tuesday, January 23rd. Lowe’s Companies’s payout ratio is 39.33%.

A number of research analysts have commented on the company. Atlantic Securities downgraded Lowe’s Companies from an “overweight” rating to a “neutral” rating and set a $92.00 target price on the stock. in a report on Tuesday. Longbow Research reaffirmed a “buy” rating and set a $95.00 target price on shares of Lowe’s Companies in a report on Monday, August 14th. Robert W. Baird reaffirmed a “buy” rating and set a $92.00 target price (up previously from $87.00) on shares of Lowe’s Companies in a report on Wednesday, November 22nd. Jefferies Group reaffirmed a “hold” rating and set a $75.00 target price on shares of Lowe’s Companies in a report on Thursday, September 28th. Finally, UBS increased their target price on Lowe’s Companies from $89.00 to $93.00 and gave the stock a “buy” rating in a report on Wednesday, November 22nd. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have issued a buy rating to the stock. Lowe’s Companies presently has a consensus rating of “Hold” and an average price target of $87.40.

In related news, insider Paul D. Ramsay sold 2,098 shares of Lowe’s Companies 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 transaction, the insider now directly owns 8,400 shares in the company, valued at approximately $655,368. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nelson B. Peace sold 3,352 shares of Lowe’s Companies stock in a transaction on Monday, November 27th. The stock was sold at an average price of $80.20, for a total value of $268,830.40. Following the completion of the transaction, the insider now owns 4,650 shares in the company, valued at $372,930. The disclosure for this sale can be found here. Insiders sold a total of 13,303 shares of company stock worth $1,047,406 over the last 90 days. Insiders own 0.11% of the company’s stock.

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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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