Accident Compensation Corp cut its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 3.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,500 shares of the home improvement retailer’s stock after selling 2,000 shares during the period. Accident Compensation Corp’s holdings in Lowe’s Companies were worth $3,993,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Assetmark Inc. increased its stake in shares of Lowe’s Companies by 2.8% in the 1st quarter. Assetmark Inc. now owns 9,072 shares of the home improvement retailer’s stock valued at $746,000 after purchasing an additional 251 shares during the last quarter. Carret Asset Management LLC increased its stake in shares of Lowe’s Companies by 0.7% in the 1st quarter. Carret Asset Management LLC now owns 11,027 shares of the home improvement retailer’s stock valued at $907,000 after purchasing an additional 75 shares during the last quarter. Rational Advisors LLC bought a new position in shares of Lowe’s Companies in the 1st quarter valued at $814,000. Family Legacy Inc. bought a new position in shares of Lowe’s Companies in the 1st quarter valued at $1,699,000. Finally, Keybank National Association OH increased its stake in shares of Lowe’s Companies by 9.5% in the 1st quarter. Keybank National Association OH now owns 471,938 shares of the home improvement retailer’s stock valued at $38,779,000 after purchasing an additional 40,924 shares during the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies, Inc. (NYSE LOW) opened at $77.63 on Wednesday. The stock has a market capitalization of $64,792.17, a PE ratio of 17.84, a PEG ratio of 1.26 and a beta of 1.13. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.03 and a quick ratio of 0.19. Lowe’s Companies, Inc. has a 52 week low of $64.87 and a 52 week high of $86.25.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.05). The business had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.58 billion. Lowe’s Companies had a net margin of 4.51% and a return on equity of 62.02%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.37 earnings per share. sell-side analysts predict that Lowe’s Companies, Inc. will post 4.5 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 8th. Investors of record on Wednesday, October 25th will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Tuesday, October 24th. Lowe’s Companies’s dividend payout ratio (DPR) is currently 46.20%.

Several equities analysts have recently issued reports on LOW shares. Sanford C. Bernstein reiterated an “underperform” rating and issued a $69.00 price target on shares of Lowe’s Companies in a research note on Wednesday, July 12th. Zacks Investment Research lowered Lowe’s Companies from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. BMO Capital Markets restated a “buy” rating and set a $89.00 price objective on shares of Lowe’s Companies in a research report on Thursday, July 20th. Jefferies Group LLC restated a “hold” rating and set a $89.00 price objective on shares of Lowe’s Companies in a research report on Friday, July 21st. Finally, Stifel Nicolaus restated a “buy” rating and set a $87.00 price objective on shares of Lowe’s Companies in a research report on Friday, July 21st. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $85.84.

In related news, insider Paul D. Ramsay sold 2,098 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $78.02, for a total transaction of $163,685.96. Following the transaction, the insider now directly owns 8,400 shares of the company’s stock, valued at approximately $655,368. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Matthew V. Hollifield sold 7,853 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $78.30, for a total value of $614,889.90. Following the transaction, the senior vice president now directly owns 30,750 shares in the company, valued at $2,407,725. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by corporate insiders.

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Lowe’s Companies Profile

Lowe’s Companies, Inc (Lowe’s) is a home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens.

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

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