Strategic Advisors LLC reduced its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 18.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,551 shares of the home improvement retailer’s stock after selling 999 shares during the period. Strategic Advisors LLC’s holdings in Lowe’s Companies were worth $522,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in LOW. Woodstock Corp raised its position in shares of Lowe’s Companies by 37.3% in the 3rd quarter. Woodstock Corp now owns 8,975 shares of the home improvement retailer’s stock worth $1,031,000 after acquiring an additional 2,440 shares in the last quarter. BTC Capital Management Inc. increased its position in Lowe’s Companies by 8.5% in the 2nd quarter. BTC Capital Management Inc. now owns 44,138 shares of the home improvement retailer’s stock valued at $4,219,000 after buying an additional 3,470 shares in the last quarter. Bremer Trust National Association bought a new stake in Lowe’s Companies in the 2nd quarter valued at about $228,000. Verition Fund Management LLC boosted its stake in Lowe’s Companies by 463.6% during the 2nd quarter. Verition Fund Management LLC now owns 52,429 shares of the home improvement retailer’s stock valued at $5,011,000 after purchasing an additional 43,126 shares during the last quarter. Finally, Captrust Financial Advisors boosted its stake in Lowe’s Companies by 20.3% during the 2nd quarter. Captrust Financial Advisors now owns 73,972 shares of the home improvement retailer’s stock valued at $7,070,000 after purchasing an additional 12,499 shares during the last quarter. 74.49% of the stock is owned by institutional investors and hedge funds.

NYSE LOW traded down $2.39 during trading on Thursday, hitting $100.05. 244,485 shares of the company’s stock traded hands, compared to its average volume of 5,774,476. The company has a quick ratio of 0.25, a current ratio of 1.06 and a debt-to-equity ratio of 2.58. Lowe’s Companies, Inc. has a 12-month low of $75.36 and a 12-month high of $117.70. The firm has a market cap of $92.81 billion, a price-to-earnings ratio of 23.04, a PEG ratio of 1.54 and a beta of 1.39.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, August 22nd. The home improvement retailer reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.05. Lowe’s Companies had a net margin of 5.58% and a return on equity of 71.96%. The business had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.79 billion. During the same period in the prior year, the business posted $1.57 earnings per share. The company’s revenue was up 7.1% on a year-over-year basis. Equities analysts expect that Lowe’s Companies, Inc. will post 5.19 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 7th. Shareholders of record on Wednesday, October 24th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, October 23rd. This represents a $1.92 annualized dividend and a yield of 1.92%. Lowe’s Companies’s payout ratio is 43.74%.

LOW has been the topic of a number of research reports. Zacks Investment Research raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $113.00 price target on the stock in a report on Tuesday, July 24th. Loop Capital set a $115.00 price target on shares of Lowe’s Companies and gave the stock a “buy” rating in a report on Wednesday, July 18th. Argus lifted their price target on shares of Lowe’s Companies to $120.00 and gave the stock a “buy” rating in a report on Thursday, August 23rd. Deutsche Bank lifted their price target on shares of Lowe’s Companies to $118.00 and gave the stock a “buy” rating in a report on Thursday, August 23rd. Finally, Bank of America lifted their price target on shares of Lowe’s Companies from $113.00 to $126.00 and gave the stock a “buy” rating in a report on Thursday, August 23rd. Nine investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $112.67.

In other news, CFO Marshall A. Croom sold 15,735 shares of the stock in a transaction dated Tuesday, September 18th. The shares were sold at an average price of $114.61, for a total transaction of $1,803,388.35. Following the completion of the sale, the chief financial officer now directly owns 63,099 shares in the company, valued at $7,231,776.39. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Lisa W. Wardell bought 273 shares of the company’s stock in a transaction dated Friday, August 24th. The shares were purchased at an average price of $107.72 per share, with a total value of $29,407.56. Following the completion of the acquisition, the director now owns 273 shares of the company’s stock, valued at approximately $29,407.56. The disclosure for this purchase can be found here. Corporate insiders own 0.30% of the company’s stock.

Lowe’s Companies Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal and outdoor living, lawn and garden, paint, millwork, flooring, and kitchens, as well as outdoor power equipment.

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

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