Lowe’s Companies, Inc. (NYSE:LOW) CFO Marshall A. Croom sold 15,735 shares of the company’s stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of $114.61, for a total value of $1,803,388.35. Following the completion of the sale, the chief financial officer now owns 63,099 shares of the company’s stock, valued at $7,231,776.39. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of NYSE LOW traded up $1.13 during midday trading on Friday, hitting $105.36. 4,395,145 shares of the company’s stock were exchanged, compared to its average volume of 5,793,781. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.25 and a current ratio of 1.06. Lowe’s Companies, Inc. has a twelve month low of $75.36 and a twelve month high of $117.70. The firm has a market capitalization of $92.81 billion, a PE ratio of 24.00, a price-to-earnings-growth ratio of 1.54 and a beta of 1.39.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, August 22nd. The home improvement retailer reported $2.07 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.05. Lowe’s Companies had a return on equity of 71.96% and a net margin of 5.58%. The business had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. During the same quarter last year, the company earned $1.57 EPS. The business’s quarterly revenue was up 7.1% on a year-over-year basis. On average, sell-side analysts forecast that Lowe’s Companies, Inc. will post 5.19 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 7th. Stockholders of record on Wednesday, October 24th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend is Tuesday, October 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 43.74%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Pittenger & Anderson Inc. grew its stake in Lowe’s Companies by 1.0% during the 3rd quarter. Pittenger & Anderson Inc. now owns 60,775 shares of the home improvement retailer’s stock worth $6,978,000 after buying an additional 605 shares during the last quarter. Lourd Capital LLC purchased a new position in shares of Lowe’s Companies in the 3rd quarter valued at approximately $382,000. Pioneer Trust Bank N A OR grew its stake in shares of Lowe’s Companies by 11.3% in the 3rd quarter. Pioneer Trust Bank N A OR now owns 49,353 shares of the home improvement retailer’s stock valued at $5,666,000 after purchasing an additional 5,025 shares during the last quarter. Ipswich Investment Management Co. Inc. purchased a new position in shares of Lowe’s Companies in the 3rd quarter valued at approximately $222,000. Finally, Smith Shellnut Wilson LLC ADV purchased a new position in shares of Lowe’s Companies in the 3rd quarter valued at approximately $2,879,000. 74.49% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently weighed in on LOW. Zacks Investment Research cut Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. Stifel Nicolaus increased their price target on Lowe’s Companies from $105.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, August 23rd. KeyCorp increased their price target on Lowe’s Companies from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, August 23rd. Citigroup increased their price target on Lowe’s Companies from $99.00 to $112.00 and gave the stock a “neutral” rating in a report on Thursday, August 23rd. Finally, Wells Fargo & Co restated a “buy” rating on shares of Lowe’s Companies in a report on Wednesday, August 22nd. Eight analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. Lowe’s Companies currently has a consensus rating of “Buy” and a consensus target price of $112.30.

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

Featured Story: The risks of owning bonds

Receive News & Ratings for Lowe's Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies and related companies with MarketBeat.com's FREE daily email newsletter.