Lowe's Companies, Inc. (NYSE:LOW) Stake Lessened by Trust Co. of Vermont

Trust Co. of Vermont trimmed its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW) by 2.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 84,305 shares of the home improvement retailer’s stock after selling 1,788 shares during the quarter. Trust Co. of Vermont’s holdings in Lowe's Companies were worth $6,739,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Vantage Financial Partners Ltd. Inc. bought a new position in Lowe's Companies during the second quarter worth about $233,000. SRS Capital Advisors Inc. increased its position in Lowe's Companies by 0.4% during the first quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock worth $101,000 after acquiring an additional 5 shares during the period. Harbour Capital Advisors LLC bought a new position in Lowe's Companies during the first quarter worth about $103,000. Atlantic Trust LLC bought a new position in Lowe's Companies during the second quarter worth about $105,000. Finally, IHT Wealth Management LLC increased its position in Lowe's Companies by 8.7% during the second quarter. IHT Wealth Management LLC now owns 1,368 shares of the home improvement retailer’s stock worth $154,000 after acquiring an additional 110 shares during the period. 73.12% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts recently commented on the stock. Bank of America assumed coverage on shares of Lowe's Companies in a research report on Tuesday, September 5th. They set a “buy” rating and a $95.00 price target on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $103.00 target price on shares of Lowe's Companies in a report on Friday, December 22nd. Piper Jaffray Companies reissued a “hold” rating and issued a $82.00 target price on shares of Lowe's Companies in a report on Friday, November 24th. Zacks Investment Research raised shares of Lowe's Companies from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. Finally, SunTrust Banks reissued a “hold” rating and issued a $80.00 target price on shares of Lowe's Companies in a report on Wednesday, November 22nd. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seventeen have issued a buy rating to the company’s stock. Lowe's Companies presently has a consensus rating of “Hold” and a consensus target price of $88.00.

In other news, insider Nelson B. Peace sold 3,352 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $80.20, for a total value of $268,830.40. Following the transaction, the insider now owns 4,650 shares in the company, valued at approximately $372,930. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is currently owned by insiders.

Lowe's Companies, Inc. (NYSE:LOW) traded up $0.08 during trading hours on Friday, reaching $92.94. 3,371,577 shares of the company traded hands, compared to its average volume of 6,381,537. The company has a current ratio of 1.02, a quick ratio of 0.12 and a debt-to-equity ratio of 2.71. Lowe's Companies, Inc. has a twelve month low of $70.49 and a twelve month high of $93.55. The firm has a market cap of $77,051.56, a P/E ratio of 22.29, a PEG ratio of 1.40 and a beta of 1.15.

Lowe's Companies (NYSE:LOW) last posted its earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 EPS for the quarter, topping the consensus estimate of $1.02 by $0.03. Lowe's Companies had a net margin of 5.16% and a return on equity of 66.27%. The business had revenue of $16.77 billion for the quarter, compared to the consensus estimate of $16.59 billion. During the same period last year, the company earned $0.88 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year. equities analysts predict that Lowe's Companies, Inc. will post 4.51 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Investors of record on Wednesday, January 24th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, January 23rd. This represents a $1.64 annualized dividend and a yield of 1.76%. Lowe's Companies’s dividend payout ratio is presently 39.33%.

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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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