Gillespie Robinson & Grimm Inc. lowered its position in Lowe’s Cos. (NYSE:LOW) by 1.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 175,123 shares of the home improvement retailer’s stock after selling 2,770 shares during the period. Lowe’s Cos. makes up 1.9% of Gillespie Robinson & Grimm Inc.’s investment portfolio, making the stock its 28th largest position. Gillespie Robinson & Grimm Inc.’s holdings in Lowe’s Cos. were worth $12,428,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LOW. CWM LLC boosted its stake in shares of Lowe’s Cos. by 0.3% in the second quarter. CWM LLC now owns 1,264 shares of the home improvement retailer’s stock worth $100,000 after buying an additional 4 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Lowe’s Cos. by 0.6% in the second quarter. Parkside Financial Bank & Trust now owns 3,006 shares of the home improvement retailer’s stock worth $238,000 after buying an additional 19 shares in the last quarter. Highland Private Wealth Management boosted its stake in shares of Lowe’s Cos. by 1.1% in the second quarter. Highland Private Wealth Management now owns 2,734 shares of the home improvement retailer’s stock worth $217,000 after buying an additional 29 shares in the last quarter. Aull & Monroe Investment Management Corp boosted its stake in shares of Lowe’s Cos. by 0.3% in the second quarter. Aull & Monroe Investment Management Corp now owns 9,892 shares of the home improvement retailer’s stock worth $783,000 after buying an additional 30 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in shares of Lowe’s Cos. by 1.2% in the second quarter. Sequoia Financial Advisors LLC now owns 2,984 shares of the home improvement retailer’s stock worth $236,000 after buying an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 74.34% of the company’s stock.

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

Shares of Lowe’s Cos. (NYSE:LOW) traded up 0.61% on Friday, hitting $72.21. 2,710,550 shares of the company were exchanged. Lowe’s Cos. has a 52-week low of $62.62 and a 52-week high of $83.65. The stock has a market capitalization of $63.04 billion, a PE ratio of 26.51 and a beta of 1.25. The firm’s 50-day moving average is $69.10 and its 200-day moving average is $75.59.

Lowe’s Cos. (NYSE:LOW) last issued its quarterly earnings data on Wednesday, November 16th. The home improvement retailer reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by $0.08. The firm earned $15.70 billion during the quarter, compared to analyst estimates of $15.86 billion. Lowe’s Cos. had a return on equity of 46.46% and a net margin of 3.91%. The company’s revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the company posted $0.80 EPS. Equities research analysts predict that Lowe’s Cos. will post $3.92 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 8th. Shareholders of record on Wednesday, January 25th will be given a $0.35 dividend. The ex-dividend date of this dividend is Monday, January 23rd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.94%. Lowe’s Cos.’s dividend payout ratio (DPR) is currently 51.28%.

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A number of brokerages have recently commented on LOW. Nomura set a $80.00 price target on Lowe’s Cos. and gave the stock a “hold” rating in a research report on Thursday, August 18th. Jefferies Group reissued a “hold” rating and issued a $81.00 price target on shares of Lowe’s Cos. in a research report on Thursday, August 18th. Zacks Investment Research cut Lowe’s Cos. from a “buy” rating to a “hold” rating in a research report on Wednesday, October 26th. BMO Capital Markets reaffirmed a “buy” rating on shares of Lowe’s Cos. in a research report on Thursday, November 17th. Finally, Argus reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Lowe’s Cos. in a research report on Thursday, August 18th. Thirteen research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Lowe’s Cos. currently has a consensus rating of “Buy” and an average target price of $81.93.

Lowe’s Cos. Company Profile

Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.

5 Day Chart for NYSE:LOW

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