McIlrath & Eck LLC Lowers Stake in Lowe’s Companies, Inc. (NYSE:LOW)

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McIlrath & Eck LLC lowered its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 69.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 342 shares of the home improvement retailer’s stock after selling 787 shares during the period. McIlrath & Eck LLC’s holdings in Lowe’s Companies were worth $38,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of LOW. Thomasville National Bank raised its position in shares of Lowe’s Companies by 24.5% during the 2nd quarter. Thomasville National Bank now owns 14,775 shares of the home improvement retailer’s stock valued at $1,491,000 after buying an additional 2,912 shares in the last quarter. Private Trust Co. NA grew its holdings in shares of Lowe’s Companies by 2.4% during the 2nd quarter. Private Trust Co. NA now owns 28,801 shares of the home improvement retailer’s stock valued at $2,906,000 after purchasing an additional 684 shares during the last quarter. Fulton Bank N.A. grew its holdings in shares of Lowe’s Companies by 2.8% during the 2nd quarter. Fulton Bank N.A. now owns 14,429 shares of the home improvement retailer’s stock valued at $1,456,000 after purchasing an additional 391 shares during the last quarter. Rockland Trust Co. grew its holdings in shares of Lowe’s Companies by 10.1% during the 2nd quarter. Rockland Trust Co. now owns 5,723 shares of the home improvement retailer’s stock valued at $578,000 after purchasing an additional 523 shares during the last quarter. Finally, Foundations Investment Advisors LLC grew its holdings in shares of Lowe’s Companies by 15.3% during the 2nd quarter. Foundations Investment Advisors LLC now owns 9,381 shares of the home improvement retailer’s stock valued at $968,000 after purchasing an additional 1,248 shares during the last quarter. Hedge funds and other institutional investors own 76.35% of the company’s stock.

Several research firms recently commented on LOW. Wolfe Research lowered shares of Lowe’s Companies from an “outperform” rating to a “market perform” rating and set a $118.00 target price on the stock. in a report on Tuesday, October 8th. Wells Fargo & Co increased their target price on shares of Lowe’s Companies from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Raymond James lowered shares of Lowe’s Companies from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. Zacks Investment Research raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $116.00 target price on the stock in a report on Monday, September 30th. Finally, Robert W. Baird set a $127.00 target price on shares of Lowe’s Companies and gave the company a “buy” rating in a report on Wednesday, August 21st. Six research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $123.20.

Lowe’s Companies stock traded up $1.40 during trading hours on Friday, reaching $114.00. The stock had a trading volume of 2,748,129 shares, compared to its average volume of 4,548,905. The company has a fifty day simple moving average of $110.71 and a 200-day simple moving average of $105.70. The stock has a market cap of $86.60 billion, a PE ratio of 22.18, a PEG ratio of 1.47 and a beta of 1.29. The company has a debt-to-equity ratio of 7.80, a current ratio of 1.06 and a quick ratio of 0.19. Lowe’s Companies, Inc. has a 52 week low of $84.75 and a 52 week high of $118.23.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, August 21st. The home improvement retailer reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.00 by $0.15. The firm had revenue of $20.99 billion for the quarter, compared to analyst estimates of $20.96 billion. Lowe’s Companies had a net margin of 3.52% and a return on equity of 111.09%. The company’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.07 EPS. Research analysts predict that Lowe’s Companies, Inc. will post 5.67 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.93%. Lowe’s Companies’s payout ratio is 42.80%.

In other news, CAO Matthew V. Hollifield sold 12,136 shares of Lowe’s Companies stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $112.34, for a total transaction of $1,363,358.24. Following the sale, the chief accounting officer now owns 28,017 shares of the company’s stock, valued at approximately $3,147,429.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jennifer L. Weber sold 12,589 shares of Lowe’s Companies stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $112.62, for a total transaction of $1,417,773.18. Following the sale, the executive vice president now directly owns 17,440 shares in the company, valued at approximately $1,964,092.80. The disclosure for this sale can be found here. Insiders own 0.07% of the company’s stock.

Lowe’s Companies Company Profile

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

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

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