US Bancorp DE Sells 11,703 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

US Bancorp DE lowered its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 1.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 825,016 shares of the home improvement retailer’s stock after selling 11,703 shares during the period. US Bancorp DE owned 0.11% of Lowe’s Companies worth $83,253,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Lcnb Corp grew its holdings in Lowe’s Companies by 0.9% during the 2nd quarter. Lcnb Corp now owns 10,534 shares of the home improvement retailer’s stock worth $1,063,000 after acquiring an additional 99 shares during the period. Vision Capital Management Inc. grew its holdings in Lowe’s Companies by 1.1% during the 1st quarter. Vision Capital Management Inc. now owns 9,314 shares of the home improvement retailer’s stock worth $1,020,000 after acquiring an additional 100 shares during the period. Peoples Financial Services CORP. grew its holdings in Lowe’s Companies by 5.2% during the 2nd quarter. Peoples Financial Services CORP. now owns 2,025 shares of the home improvement retailer’s stock worth $204,000 after acquiring an additional 100 shares during the period. Bailard Inc. grew its holdings in Lowe’s Companies by 3.6% during the 2nd quarter. Bailard Inc. now owns 2,864 shares of the home improvement retailer’s stock worth $289,000 after acquiring an additional 100 shares during the period. Finally, Schmidt P J Investment Management Inc. grew its holdings in Lowe’s Companies by 4.5% during the 2nd quarter. Schmidt P J Investment Management Inc. now owns 2,326 shares of the home improvement retailer’s stock worth $235,000 after acquiring an additional 101 shares during the period. 76.92% of the stock is owned by institutional investors and hedge funds.

LOW traded down $0.43 during trading on Friday, hitting $113.45. The company had a trading volume of 1,982,514 shares, compared to its average volume of 5,542,121. The company has a market capitalization of $88.97 billion, a PE ratio of 22.07, a PEG ratio of 1.49 and a beta of 1.30. Lowe’s Companies, Inc. has a one year low of $84.75 and a one year high of $118.23. The firm’s 50-day moving average price is $104.29 and its 200 day moving average price is $104.74. The company has a quick ratio of 0.19, a current ratio of 1.06 and a debt-to-equity ratio of 7.80.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, August 21st. The home improvement retailer reported $2.15 EPS for the quarter, topping the consensus estimate of $2.00 by $0.15. Lowe’s Companies had a net margin of 3.52% and a return on equity of 111.09%. The firm had revenue of $20.99 billion for the quarter, compared to analysts’ expectations of $20.96 billion. During the same period in the previous year, the firm posted $2.07 EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis. Sell-side analysts forecast that Lowe’s Companies, Inc. will post 5.65 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd will be given a dividend of $0.55 per share. The ex-dividend date is Tuesday, October 22nd. This represents a $2.20 annualized dividend and a yield of 1.94%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 42.80%.

In other Lowe’s Companies news, EVP Donald Frieson purchased 2,030 shares of the business’s stock in a transaction on Wednesday, June 19th. The shares were purchased at an average cost of $98.69 per share, with a total value of $200,340.70. Following the transaction, the executive vice president now directly owns 10,980 shares of the company’s stock, valued at approximately $1,083,616.20. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.07% of the company’s stock.

LOW has been the subject of a number of analyst reports. Jefferies Financial Group set a $125.00 target price on shares of Lowe’s Companies and gave the stock a “buy” rating in a report on Monday, August 26th. Gabelli reissued a “buy” rating on shares of Lowe’s Companies in a report on Thursday, May 23rd. Robert W. Baird set a $127.00 price target on shares of Lowe’s Companies and gave the company a “buy” rating in a report on Wednesday, August 21st. Royal Bank of Canada set a $123.00 price target on shares of Lowe’s Companies and gave the company a “buy” rating in a report on Wednesday, August 21st. Finally, Zacks Investment Research raised shares of Lowe’s Companies from a “sell” rating to a “hold” rating in a report on Thursday, May 16th. Nine investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $116.82.

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. 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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