Triangle Securities Wealth Management Has $6.70 Million Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Triangle Securities Wealth Management cut its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,043 shares of the home improvement retailer’s stock after selling 78 shares during the quarter. Lowe’s Companies accounts for 2.3% of Triangle Securities Wealth Management’s portfolio, making the stock its 7th largest holding. Triangle Securities Wealth Management’s holdings in Lowe’s Companies were worth $6,703,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hall Capital Management Co. Inc. grew its position in Lowe’s Companies by 3.9% during the third quarter. Hall Capital Management Co. Inc. now owns 1,321 shares of the home improvement retailer’s stock worth $268,000 after buying an additional 50 shares in the last quarter. D. Scott Neal Inc. lifted its stake in Lowe’s Companies by 3.7% during the second quarter. D. Scott Neal Inc. now owns 1,491 shares of the home improvement retailer’s stock worth $289,000 after purchasing an additional 53 shares during the period. Headinvest LLC lifted its stake in Lowe’s Companies by 3.2% during the second quarter. Headinvest LLC now owns 1,687 shares of the home improvement retailer’s stock worth $327,000 after purchasing an additional 53 shares during the period. Cordasco Financial Network lifted its stake in Lowe’s Companies by 18.6% during the second quarter. Cordasco Financial Network now owns 344 shares of the home improvement retailer’s stock worth $67,000 after purchasing an additional 54 shares during the period. Finally, Jump Financial LLC lifted its stake in Lowe’s Companies by 2.3% during the second quarter. Jump Financial LLC now owns 2,544 shares of the home improvement retailer’s stock worth $494,000 after purchasing an additional 56 shares during the period. 74.07% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have commented on the stock. Telsey Advisory Group raised their price target on shares of Lowe’s Companies from $250.00 to $275.00 and gave the stock an “outperform” rating in a research note on Thursday, November 18th. OTR Global cut shares of Lowe’s Companies to a “positive” rating in a research note on Tuesday, August 10th. TheStreet cut shares of Lowe’s Companies from a “b” rating to a “c+” rating in a research note on Wednesday, August 18th. Wells Fargo & Company raised their price target on shares of Lowe’s Companies from $230.00 to $260.00 and gave the stock an “overweight” rating in a research note on Monday, November 8th. Finally, DA Davidson reiterated a “buy” rating on shares of Lowe’s Companies in a research note on Thursday, August 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $247.00.

LOW opened at $252.63 on Thursday. The company has a fifty day moving average price of $223.69 and a two-hundred day moving average price of $205.52. The company has a debt-to-equity ratio of 49.23, a quick ratio of 0.39 and a current ratio of 1.19. Lowe’s Companies, Inc. has a 52 week low of $149.31 and a 52 week high of $256.39. The firm has a market capitalization of $174.93 billion, a PE ratio of 21.95, a P/E/G ratio of 1.44 and a beta of 1.32.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, November 17th. The home improvement retailer reported $2.73 EPS for the quarter, topping analysts’ consensus estimates of $2.35 by $0.38. Lowe’s Companies had a net margin of 8.63% and a return on equity of 25,100.30%. The firm had revenue of $22.92 billion during the quarter, compared to analyst estimates of $22.06 billion. During the same quarter in the previous year, the business earned $1.98 EPS. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. Equities analysts forecast that Lowe’s Companies, Inc. will post 11.85 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 2nd. Stockholders of record on Wednesday, January 19th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Tuesday, January 18th. Lowe’s Companies’s dividend payout ratio (DPR) is 27.80%.

About Lowe’s Companies

Lowe’s Cos., Inc engages in the retail sale of home improvement products. The firm offers products for maintenance, repair, remodelling, home decorating and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows and doors.

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

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