Lowe’s Companies, Inc. (LOW) Shares Sold by Tiaa Fsb

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Tiaa Fsb trimmed its position in Lowe’s Companies, Inc. (NYSE:LOW) by 1.8% in the third quarter, HoldingsChannel.com reports. The firm owned 162,638 shares of the home improvement retailer’s stock after selling 3,011 shares during the quarter. Tiaa Fsb’s holdings in Lowe’s Companies were worth $18,674,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Woodstock Corp increased its holdings in shares of Lowe’s Companies by 37.3% in the third quarter. Woodstock Corp now owns 8,975 shares of the home improvement retailer’s stock valued at $1,031,000 after buying an additional 2,440 shares in the last quarter. BTC Capital Management Inc. increased its holdings in shares of Lowe’s Companies by 8.5% in the second 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 position in shares of Lowe’s Companies in the second quarter valued at $228,000. Verition Fund Management LLC increased its holdings in shares of Lowe’s Companies by 463.6% in the second quarter. Verition Fund Management LLC now owns 52,429 shares of the home improvement retailer’s stock valued at $5,011,000 after buying an additional 43,126 shares in the last quarter. Finally, Captrust Financial Advisors increased its holdings in shares of Lowe’s Companies by 20.3% in the second quarter. Captrust Financial Advisors now owns 73,972 shares of the home improvement retailer’s stock valued at $7,070,000 after buying an additional 12,499 shares in the last quarter. Hedge funds and other institutional investors own 74.61% of the company’s stock.

In other news, CFO Marshall A. Croom sold 15,735 shares of the company’s stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of $114.61, for a total value of $1,803,388.35. Following the transaction, the chief financial officer now directly owns 63,099 shares of the company’s stock, valued at $7,231,776.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lisa W. Wardell purchased 273 shares of the company’s stock in a transaction dated Friday, August 24th. The stock was bought at an average cost of $107.72 per share, for a total transaction of $29,407.56. Following the completion of the purchase, the director now directly 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.

NYSE LOW opened at $99.71 on Friday. Lowe’s Companies, Inc. has a 1-year low of $75.36 and a 1-year high of $117.70. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.25 and a current ratio of 1.06. The firm has a market capitalization of $82.80 billion, a PE ratio of 20.28, a P/E/G ratio of 1.37 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 for the quarter, topping the Zacks’ 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 for the quarter, compared to the consensus estimate of $20.79 billion. During the same period in the prior year, the business posted $1.57 earnings per share. Lowe’s Companies’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, sell-side analysts predict that Lowe’s Companies, Inc. will post 5.19 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 7th. Stockholders of record on Wednesday, October 24th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Tuesday, October 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 43.74%.

Several analysts have issued reports on LOW shares. Jefferies Financial Group started coverage on shares of Lowe’s Companies in a research note on Tuesday, August 21st. They set a “buy” rating and a $118.00 target price on the stock. Robert W. Baird reissued an “outperform” rating and set a $130.00 target price (up from $120.00) on shares of Lowe’s Companies in a research note on Monday, September 17th. SunTrust Banks raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Friday, September 28th. Wells Fargo & Co reissued a “buy” rating on shares of Lowe’s Companies in a research note on Thursday, September 13th. Finally, Morgan Stanley boosted 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. Nine investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. Lowe’s Companies currently has an average rating of “Buy” and an average target price of $112.67.

About Lowe’s Companies

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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