Unigestion Holding SA lessened its position in Lowe’s Companies, Inc. (NYSE:LOW) by 43.4% during the third quarter, Holdings Channel reports. The fund owned 134,818 shares of the home improvement retailer’s stock after selling 103,561 shares during the period. Unigestion Holding SA’s holdings in Lowe’s Companies were worth $15,480,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Almanack Investment Partners LLC. purchased a new stake in shares of Lowe’s Companies in the 2nd quarter worth about $103,000. CSat Investment Advisory L.P. purchased a new stake in shares of Lowe’s Companies in the 2nd quarter worth about $108,000. Capital Advisors Ltd. LLC purchased a new stake in shares of Lowe’s Companies in the 3rd quarter worth about $116,000. NuWave Investment Management LLC purchased a new stake in shares of Lowe’s Companies in the 2nd quarter worth about $126,000. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Lowe’s Companies in the 2nd quarter worth about $127,000. 74.59% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE LOW opened at $96.82 on Friday. Lowe’s Companies, Inc. has a 1 year low of $77.14 and a 1 year high of $117.70. The stock has a market cap of $81.31 billion, a P/E ratio of 19.92, a price-to-earnings-growth ratio of 1.35 and a beta of 1.52. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.06 and a quick ratio of 0.25.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, August 22nd. The home improvement retailer reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.05. Lowe’s Companies had a net margin of 5.58% and a return on equity of 71.96%. The company had revenue of $20.89 billion during the quarter, compared to analysts’ expectations of $20.79 billion. During the same period last year, the company posted $1.57 EPS. Lowe’s Companies’s revenue was up 7.1% on a year-over-year basis. As a group, research analysts forecast that Lowe’s Companies, Inc. will post 5.18 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 6th. Shareholders of record on Wednesday, January 23rd will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.98%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 43.74%.

Several research firms have recently commented on LOW. Gordon Haskett cut shares of Lowe’s Companies from an “accumulate” rating to a “hold” rating in a research report on Thursday. Jefferies Financial Group set a $126.00 target price on shares of Lowe’s Companies and gave the stock a “buy” rating in a research report on Monday, November 5th. Credit Suisse Group reaffirmed a “hold” rating and issued a $111.00 target price on shares of Lowe’s Companies in a research report on Monday, November 5th. Loop Capital set a $130.00 target price on shares of Lowe’s Companies and gave the stock a “buy” rating in a research report on Wednesday, October 24th. Finally, Citigroup raised shares of Lowe’s Companies from a “neutral” rating to a “buy” rating and set a $112.00 target price for the company in a research report on Tuesday, October 23rd. Nine research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. Lowe’s Companies has a consensus rating of “Buy” and a consensus price target of $112.41.

In other news, Director Lisa W. Wardell bought 273 shares of the firm’s stock in a transaction on Friday, August 24th. The stock was acquired at an average cost of $107.72 per share, with a total value of $29,407.56. Following the completion of the acquisition, the director now owns 273 shares of the company’s stock, valued at $29,407.56. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Marshall A. Croom sold 15,735 shares of Lowe’s Companies stock in a transaction dated Tuesday, September 18th. The stock was sold at an average price of $114.61, for a total transaction of $1,803,388.35. Following the completion of the transaction, the chief financial officer now directly owns 63,099 shares of the company’s stock, valued at $7,231,776.39. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by insiders.

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About Lowe’s Companies

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

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

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