First Mercantile Trust Co. lessened its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 64.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,750 shares of the home improvement retailer’s stock after selling 12,120 shares during the quarter. First Mercantile Trust Co.’s holdings in Lowe’s Companies were worth $523,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in LOW. SRS Capital Advisors Inc. raised its stake in shares of Lowe’s Companies by 0.4% in the first quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock valued at $101,000 after purchasing an additional 5 shares in the last quarter. Guardian Life Insurance Co. of America lifted its position in Lowe’s Companies by 0.4% in the first quarter. Guardian Life Insurance Co. of America now owns 3,346 shares of the home improvement retailer’s stock worth $275,000 after purchasing an additional 13 shares during the period. Winfield Associates Inc. lifted its position in Lowe’s Companies by 0.6% in the first quarter. Winfield Associates Inc. now owns 2,392 shares of the home improvement retailer’s stock worth $196,000 after purchasing an additional 15 shares during the period. Modera Wealth Management LLC lifted its position in Lowe’s Companies by 0.3% in the first quarter. Modera Wealth Management LLC now owns 4,927 shares of the home improvement retailer’s stock worth $405,000 after purchasing an additional 15 shares during the period. Finally, First Personal Financial Services boosted its stake in Lowe’s Companies by 0.3% during the first quarter. First Personal Financial Services now owns 8,067 shares of the home improvement retailer’s stock worth $663,000 after buying an additional 21 shares in the last quarter. 74.22% of the stock is currently owned by institutional investors.

In other news, SVP Matthew V. Hollifield sold 7,853 shares of the company’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $78.30, for a total transaction of $614,889.90. Following the completion of the transaction, the senior vice president now directly owns 30,750 shares in the company, valued at $2,407,725. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul D. Ramsay sold 2,098 shares of the company’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $78.02, for a total transaction of $163,685.96. Following the transaction, the insider now owns 8,400 shares of the company’s stock, valued at $655,368. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

Several equities research analysts have issued reports on LOW shares. Gordon Haskett started coverage on shares of Lowe’s Companies in a report on Tuesday. They issued an “accumulate” rating and a $88.00 price target on the stock. Piper Jaffray Companies restated a “hold” rating and issued a $80.00 price objective on shares of Lowe’s Companies in a research note on Friday, September 29th. Jefferies Group LLC reaffirmed a “hold” rating and set a $75.00 price objective on shares of Lowe’s Companies in a report on Thursday, September 28th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $81.00 price objective on shares of Lowe’s Companies in a report on Monday, September 25th. Finally, Zacks Investment Research upgraded shares of Lowe’s Companies from a “sell” rating to a “hold” rating in a research report on Thursday, September 21st. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $85.12.

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Lowe’s Companies, Inc. (NYSE:LOW) opened at 81.35 on Wednesday. The company has a 50-day moving average price of $76.70 and a 200 day moving average price of $79.40. The company has a market cap of $67.75 billion, a PE ratio of 23.10 and a beta of 1.07. Lowe’s Companies, Inc. has a 12-month low of $64.87 and a 12-month high of $86.25. Lowe’s Companies also saw some unusual options trading activity on Monday. Traders acquired 6,466 put options on the company. This represents an increase of 538% compared to the typical daily volume of 1,014 put options.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.05). The company had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.58 billion. Lowe’s Companies had a net margin of 4.51% and a return on equity of 62.02%. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the firm posted $1.37 earnings per share. On average, analysts forecast that Lowe’s Companies, Inc. will post $4.50 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 8th. Investors of record on Wednesday, October 25th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Tuesday, October 24th. Lowe’s Companies’s payout ratio is 46.20%.

Lowe’s Companies Profile

Lowe’s Companies, Inc (Lowe’s) is a home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens.

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

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