Murphy Capital Management Inc. Sells 330 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Murphy Capital Management Inc. decreased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.4% in the 3rd quarter, Holdings Channel reports. The firm owned 23,540 shares of the home improvement retailer’s stock after selling 330 shares during the quarter. Murphy Capital Management Inc.’s holdings in Lowe’s Companies were worth $2,588,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in LOW. Lcnb Corp grew its position in Lowe’s Companies by 0.9% in the 2nd quarter. Lcnb Corp now owns 10,534 shares of the home improvement retailer’s stock valued at $1,063,000 after purchasing an additional 99 shares during the period. Peoples Financial Services CORP. boosted 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 last quarter. Bailard Inc. boosted 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 last quarter. Rudd International Inc. boosted its holdings in Lowe’s Companies by 0.4% during the 3rd quarter. Rudd International Inc. now owns 24,367 shares of the home improvement retailer’s stock worth $2,679,000 after acquiring an additional 100 shares during the last quarter. Finally, Schmidt P J Investment Management Inc. boosted 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 last quarter. Institutional investors own 76.23% of the company’s stock.

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

A number of equities analysts have issued reports on LOW shares. Citigroup lifted their price objective on shares of Lowe’s Companies from $122.00 to $137.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Robert W. Baird set a $127.00 price objective on shares of Lowe’s Companies and gave the stock a “buy” rating in a report on Wednesday, August 21st. Credit Suisse Group reaffirmed a “neutral” rating and set a $114.00 price objective (up from $99.00) on shares of Lowe’s Companies in a report on Thursday, August 22nd. Wells Fargo & Co set a $125.00 price objective on shares of Lowe’s Companies and gave the stock a “buy” rating in a report on Monday, September 30th. Finally, Zacks Investment Research raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $116.00 price objective on the stock in a report on Monday, September 30th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $119.48.

Shares of NYSE:LOW traded up $2.95 during midday trading on Friday, reaching $111.14. The company had a trading volume of 265,690 shares, compared to its average volume of 3,862,659. The company’s 50 day moving average price is $110.47 and its 200 day moving average price is $105.75. The company has a current ratio of 1.06, a quick ratio of 0.19 and a debt-to-equity ratio of 7.80. The stock has a market cap of $82.20 billion, a P/E ratio of 21.64, a P/E/G ratio of 1.35 and a beta of 1.30. Lowe’s Companies, Inc. has a 52-week low of $84.75 and a 52-week high of $118.23.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, August 21st. The home improvement retailer reported $2.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.00 by $0.15. The company had revenue of $20.99 billion for the quarter, compared to the consensus estimate of $20.96 billion. Lowe’s Companies had a net margin of 3.52% and a return on equity of 111.09%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.07 EPS. Research analysts forecast that Lowe’s Companies, Inc. will post 5.67 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Tuesday, October 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is currently 42.80%.

Lowe’s Companies 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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