Columbia Asset Management bought a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 950 shares of the home improvement retailer’s stock, valued at approximately $109,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC lifted its position in Lowe’s Companies by 60.5% in the third quarter. SG Americas Securities LLC now owns 107,178 shares of the home improvement retailer’s stock worth $12,306,000 after buying an additional 40,420 shares during the last quarter. ING Groep NV lifted its position in Lowe’s Companies by 13.7% in the third quarter. ING Groep NV now owns 78,581 shares of the home improvement retailer’s stock worth $9,023,000 after buying an additional 9,465 shares during the last quarter. McKinley Carter Wealth Services Inc. bought a new stake in Lowe’s Companies in the third quarter worth $1,066,000. Princeton Portfolio Strategies Group LLC lifted its position in Lowe’s Companies by 38.8% in the third quarter. Princeton Portfolio Strategies Group LLC now owns 6,234 shares of the home improvement retailer’s stock worth $716,000 after buying an additional 1,742 shares during the last quarter. Finally, Motley Fool Asset Management LLC lifted its position in Lowe’s Companies by 19.6% in the third quarter. Motley Fool Asset Management LLC now owns 10,460 shares of the home improvement retailer’s stock worth $1,201,000 after buying an additional 1,716 shares during the last quarter. Hedge funds and other institutional investors own 74.65% of the company’s stock.

A number of analysts recently issued reports on LOW shares. Jefferies Financial Group started coverage on Lowe’s Companies in a research report on Tuesday, August 21st. They issued a “buy” rating and a $118.00 price target for the company. SunTrust Banks upgraded Lowe’s Companies from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research report on Friday, September 28th. Morgan Stanley raised their price target on Lowe’s Companies from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, October 11th. Robert W. Baird restated an “outperform” rating and issued a $130.00 price target (up from $120.00) on shares of Lowe’s Companies in a research report on Monday, September 17th. Finally, Wells Fargo & Co restated a “buy” rating on shares of Lowe’s Companies in a research report on Thursday, September 13th. Nine analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $112.41.

NYSE:LOW opened at $95.59 on Wednesday. Lowe’s Companies, Inc. has a twelve month low of $77.14 and a twelve month high of $117.70. The firm has a market cap of $78.26 billion, a PE ratio of 21.77, a price-to-earnings-growth ratio of 1.30 and a beta of 1.52. The company has a quick ratio of 0.25, a current ratio of 1.06 and a debt-to-equity ratio of 2.58.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, August 22nd. The home improvement retailer reported $2.07 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.05. Lowe’s Companies had a return on equity of 71.96% and a net margin of 5.58%. The business had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.79 billion. During the same period last year, the company earned $1.57 earnings per share. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Lowe’s Companies, Inc. will post 5.17 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 6th. Stockholders of record on Wednesday, January 23rd will be paid a dividend of $0.48 per share. The ex-dividend date is Tuesday, January 22nd. This represents a $1.92 annualized dividend and a dividend yield of 2.01%. Lowe’s Companies’s dividend payout ratio is currently 43.74%.

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

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Lowe’s Companies Company Profile

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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