Parsec Financial Management Inc. raised its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 6.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 196,727 shares of the home improvement retailer’s stock after purchasing an additional 11,901 shares during the period. Lowe’s Companies accounts for approximately 1.1% of Parsec Financial Management Inc.’s portfolio, making the stock its 29th largest holding. Parsec Financial Management Inc.’s holdings in Lowe’s Companies were worth $15,726,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. SRS Capital Advisors Inc. boosted its holdings in shares of Lowe’s Companies by 0.4% in the first quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock worth $101,000 after acquiring an additional 5 shares during the period. Harbour Capital Advisors LLC bought a new position in shares of Lowe’s Companies in the first quarter worth $103,000. Atlantic Trust LLC bought a new position in shares of Lowe’s Companies in the second quarter worth $105,000. State of Alaska Department of Revenue boosted its holdings in shares of Lowe’s Companies by 8.3% in the second quarter. State of Alaska Department of Revenue now owns 1,440 shares of the home improvement retailer’s stock worth $111,000 after acquiring an additional 110 shares during the period. Finally, Balentine LLC bought a new position in shares of Lowe’s Companies in the first quarter worth $120,000. 73.29% of the stock is owned by institutional investors and hedge funds.

In other news, insider Nelson B. Peace sold 3,352 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $80.20, for a total transaction of $268,830.40. Following the transaction, the insider now directly owns 4,650 shares of the company’s stock, valued at $372,930. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul D. Ramsay sold 2,098 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $78.02, for a total value of $163,685.96. Following the transaction, the insider now directly owns 8,400 shares in the company, valued at $655,368. The disclosure for this sale can be found here. Insiders have sold 13,303 shares of company stock worth $1,047,406 over the last ninety days. Insiders own 0.11% of the company’s stock.

LOW has been the subject of a number of analyst reports. Deutsche Bank reaffirmed a “buy” rating and issued a $90.00 price target (up from $85.00) on shares of Lowe’s Companies in a report on Friday, October 6th. Longbow Research reaffirmed a “buy” rating and issued a $95.00 price target on shares of Lowe’s Companies in a report on Monday, August 14th. Zacks Investment Research lowered Lowe’s Companies from a “hold” rating to a “sell” rating in a report on Monday, August 28th. Credit Suisse Group reiterated an “outperform” rating and issued a $94.00 price objective on shares of Lowe’s Companies in a research report on Monday, August 21st. They noted that the move was a valuation call. Finally, Royal Bank Of Canada set a $81.00 price objective on Lowe’s Companies and gave the stock a “buy” rating in a research report on Monday, October 30th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and sixteen have given a buy rating to the company’s stock. Lowe’s Companies has an average rating of “Hold” and an average price target of $87.40.

Lowe’s Companies, Inc. (NYSE:LOW) traded down $3.91 during midday trading on Thursday, reaching $82.40. The company’s stock had a trading volume of 12,291,000 shares, compared to its average volume of 5,951,254. Lowe’s Companies, Inc. has a twelve month low of $70.49 and a twelve month high of $88.55. The company has a quick ratio of 0.12, a current ratio of 1.02 and a debt-to-equity ratio of 2.71. The stock has a market capitalization of $71,616.63, a P/E ratio of 19.14, a price-to-earnings-growth ratio of 1.38 and a beta of 1.15.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.03. Lowe’s Companies had a return on equity of 66.27% and a net margin of 5.16%. The firm had revenue of $16.77 billion for the quarter, compared to analysts’ expectations of $16.59 billion. During the same period last year, the firm earned $0.88 earnings per share. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. analysts expect that Lowe’s Companies, Inc. will post 4.51 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 7th. Stockholders of record on Wednesday, January 24th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, January 23rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.99%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 39.33%.

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About Lowe’s Companies

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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