Taylor Hoffman Wealth Management cut its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 23.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,353 shares of the home improvement retailer’s stock after selling 999 shares during the period. Taylor Hoffman Wealth Management’s holdings in Lowe’s Companies were worth $369,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of LOW. Atwater Malick LLC bought a new position in shares of Lowe’s Companies in the 3rd quarter valued at approximately $26,000. Next Capital Management LLC acquired a new stake in Lowe’s Companies in the 2nd quarter valued at approximately $27,000. Knuff & Co LLC acquired a new stake in Lowe’s Companies in the 2nd quarter valued at approximately $29,000. Pearl River Capital LLC acquired a new stake in Lowe’s Companies in the 2nd quarter valued at approximately $29,000. Finally, Ossiam acquired a new stake in Lowe’s Companies in the 2nd quarter valued at approximately $31,000. 76.35% of the stock is owned by institutional investors.

Shares of NYSE:LOW traded up $1.40 during trading on Friday, hitting $114.00. 2,748,129 shares of the stock were exchanged, compared to its average volume of 4,548,905. Lowe’s Companies, Inc. has a 1-year low of $84.75 and a 1-year high of $118.23. The company has a market capitalization of $86.60 billion, a price-to-earnings ratio of 22.18, a price-to-earnings-growth ratio of 1.47 and a beta of 1.29. The company’s fifty day simple moving average is $110.71 and its 200-day simple moving average is $105.70. The company has a debt-to-equity ratio of 7.80, a quick ratio of 0.19 and a current ratio of 1.06.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, August 21st. The home improvement retailer reported $2.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.00 by $0.15. The company had revenue of $20.99 billion for the quarter, compared to analyst estimates of $20.96 billion. Lowe’s Companies had a return on equity of 111.09% and a net margin of 3.52%. Lowe’s Companies’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.07 EPS. On average, research analysts forecast that Lowe’s Companies, Inc. will post 5.67 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.93%. Lowe’s Companies’s dividend payout ratio is 42.80%.

A number of research firms have issued reports on LOW. Telsey Advisory Group raised their target price on Lowe’s Companies from $116.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Robert W. Baird set a $127.00 target price on Lowe’s Companies and gave the company a “buy” rating in a report on Wednesday, August 21st. Piper Jaffray Companies raised Lowe’s Companies from a “neutral” rating to an “overweight” rating and raised their target price for the company from $113.00 to $130.00 in a report on Tuesday, October 15th. Credit Suisse Group raised Lowe’s Companies from a “neutral” rating to an “outperform” rating and raised their target price for the company from $114.00 to $129.00 in a report on Wednesday. Finally, Wolfe Research lowered Lowe’s Companies from an “outperform” rating to a “market perform” rating and set a $118.00 target price on the stock. in a report on Tuesday, October 8th. Six research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $123.20.

In related news, CAO Matthew V. Hollifield sold 12,136 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $112.34, for a total value of $1,363,358.24. Following the sale, the chief accounting officer now owns 28,017 shares of the company’s stock, valued at approximately $3,147,429.78. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Jennifer L. Weber sold 12,589 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $112.62, for a total value of $1,417,773.18. Following the completion of the sale, the executive vice president now directly owns 17,440 shares in the company, valued at approximately $1,964,092.80. The disclosure for this sale can be found here. 0.07% of the stock is owned by insiders.

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. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.

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

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