Carroll Financial Associates Inc. decreased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 45,750 shares of the home improvement retailer’s stock after selling 1,272 shares during the quarter. Carroll Financial Associates Inc.’s holdings in Lowe’s Companies were worth $4,375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. United Capital Management of KS Inc. grew its position in shares of Lowe’s Companies by 1.5% during the 4th quarter. United Capital Management of KS Inc. now owns 13,089 shares of the home improvement retailer’s stock valued at $1,209,000 after acquiring an additional 191 shares during the period. OmniStar Financial Group Inc. grew its position in shares of Lowe’s Companies by 1.5% during the 3rd quarter. OmniStar Financial Group Inc. now owns 16,951 shares of the home improvement retailer’s stock valued at $1,946,000 after acquiring an additional 254 shares during the period. Clarus Wealth Advisors grew its position in shares of Lowe’s Companies by 20.0% during the 4th quarter. Clarus Wealth Advisors now owns 2,264 shares of the home improvement retailer’s stock valued at $209,000 after acquiring an additional 378 shares during the period. Belpointe Asset Management LLC grew its position in shares of Lowe’s Companies by 18.8% during the 3rd quarter. Belpointe Asset Management LLC now owns 3,252 shares of the home improvement retailer’s stock valued at $373,000 after acquiring an additional 514 shares during the period. Finally, First Personal Financial Services grew its position in shares of Lowe’s Companies by 6.3% during the 3rd quarter. First Personal Financial Services now owns 8,884 shares of the home improvement retailer’s stock valued at $1,020,000 after acquiring an additional 523 shares during the period. 74.33% of the stock is owned by hedge funds and other institutional investors.

LOW has been the subject of a number of recent research reports. SunTrust Banks raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Friday, September 28th. Morgan Stanley lifted their target price on shares of Lowe’s Companies from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, October 11th. Deutsche Bank set a $101.00 target price on shares of Lowe’s Companies and gave the company a “buy” rating in a research note on Wednesday, November 21st. Credit Suisse Group set a $111.00 target price on shares of Lowe’s Companies and gave the company a “hold” rating in a research note on Tuesday, November 20th. Finally, Loop Capital set a $125.00 target price on shares of Lowe’s Companies and gave the company a “buy” rating in a research note on Wednesday, November 21st. Nine research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. Lowe’s Companies has a consensus rating of “Buy” and a consensus target price of $111.65.

In related news, Director Brian C. Rogers purchased 10,000 shares of the firm’s stock in a transaction on Friday, November 23rd. The shares were acquired at an average price of $88.02 per share, for a total transaction of $880,200.00. Following the purchase, the director now directly owns 10,000 shares in the company, valued at $880,200. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.30% of the stock is owned by insiders.

LOW stock traded up $1.40 during mid-day trading on Friday, hitting $97.38. The company had a trading volume of 269,689 shares, compared to its average volume of 4,656,145. The stock has a market cap of $77.91 billion, a P/E ratio of 22.18, a PEG ratio of 1.35 and a beta of 1.35. Lowe’s Companies, Inc. has a 12-month low of $81.16 and a 12-month high of $117.70. The company has a quick ratio of 0.18, a current ratio of 1.00 and a debt-to-equity ratio of 2.68.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Tuesday, November 20th. The home improvement retailer reported $1.04 EPS for the quarter, topping the consensus estimate of $0.98 by $0.06. The business had revenue of $17.42 billion for the quarter, compared to analysts’ expectations of $17.36 billion. Lowe’s Companies had a net margin of 5.19% and a return on equity of 72.47%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.05 EPS. On average, analysts anticipate that Lowe’s Companies, Inc. will post 5.11 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 6th. Shareholders of record on Wednesday, January 23rd will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.97%. The ex-dividend date is Tuesday, January 22nd. Lowe’s Companies’s payout ratio is currently 43.74%.

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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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