Ray Gerald L & Associates Ltd. lowered its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 12.5% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 46,891 shares of the home improvement retailer’s stock after selling 6,700 shares during the period. Ray Gerald L & Associates Ltd.’s holdings in Lowe’s Companies were worth $3,748,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vantage Financial Partners Ltd. Inc. purchased a new position in shares of Lowe’s Companies in the 2nd quarter worth approximately $233,000. Harbour Capital Advisors LLC purchased a new position in shares of Lowe’s Companies in the 1st quarter worth approximately $103,000. Atlantic Trust LLC purchased a new position in shares of Lowe’s Companies in the 2nd quarter worth approximately $105,000. IHT Wealth Management LLC boosted its stake in shares of Lowe’s Companies by 8.7% in the 2nd quarter. IHT Wealth Management LLC now owns 1,368 shares of the home improvement retailer’s stock worth $154,000 after buying an additional 110 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in shares of Lowe’s Companies by 8.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 1,440 shares of the home improvement retailer’s stock worth $111,000 after buying an additional 110 shares during the last quarter. Institutional investors and hedge funds own 73.40% of the company’s stock.

Lowe’s Companies, Inc. (NYSE LOW) traded down $0.02 during trading on Friday, reaching $85.58. The company had a trading volume of 3,908,500 shares, compared to its average volume of 5,976,761. Lowe’s Companies, Inc. has a fifty-two week low of $70.49 and a fifty-two week high of $88.55. The company has a current ratio of 1.02, a quick ratio of 0.12 and a debt-to-equity ratio of 2.71. The stock has a market capitalization of $71,027.50, a P/E ratio of 18.98, a price-to-earnings-growth ratio of 1.29 and a beta of 1.15.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Tuesday, November 21st. The home improvement retailer reported $1.05 EPS for the quarter, beating the 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 business had revenue of $16.77 billion for the quarter, compared to the consensus estimate of $16.59 billion. During the same quarter in the prior year, the business earned $0.88 earnings per share. Lowe’s Companies’s revenue for the quarter was up 6.6% on a year-over-year basis. equities analysts anticipate that Lowe’s Companies, Inc. will post 4.51 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th will be issued a dividend of $0.41 per share. The ex-dividend date is Tuesday, January 23rd. This represents a $1.64 dividend on an annualized basis and a yield of 1.92%. Lowe’s Companies’s payout ratio is 39.33%.

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

A number of equities analysts have recently weighed in on the company. Atlantic Securities downgraded Lowe’s Companies from an “overweight” rating to a “neutral” rating and set a $92.00 target price on the stock. in a research note on Tuesday, November 28th. Piper Jaffray Companies restated a “hold” rating and issued a $82.00 target price on shares of Lowe’s Companies in a research note on Friday, November 24th. UBS boosted their target price on Lowe’s Companies from $89.00 to $93.00 and gave the stock a “buy” rating in a research note on Wednesday, November 22nd. Credit Suisse Group set a $88.00 target price on Lowe’s Companies and gave the stock a “hold” rating in a research note on Friday, November 24th. Finally, Robert W. Baird set a $87.00 target price on Lowe’s Companies and gave the stock a “buy” rating in a research note on Thursday, August 24th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seventeen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $87.66.

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Lowe’s Companies Company 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.

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

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