Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Wesbanco Bank Inc.

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Wesbanco Bank Inc. trimmed its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 2.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,133 shares of the home improvement retailer’s stock after selling 1,102 shares during the quarter. Wesbanco Bank Inc.’s holdings in Lowe’s Companies were worth $4,554,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lcnb Corp increased its stake in Lowe’s Companies by 0.9% in the second 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 last quarter. Peoples Financial Services CORP. increased its stake in Lowe’s Companies by 5.2% in the second quarter. Peoples Financial Services CORP. now owns 2,025 shares of the home improvement retailer’s stock valued at $204,000 after purchasing an additional 100 shares during the last quarter. Bailard Inc. increased its stake in Lowe’s Companies by 3.6% in the second quarter. Bailard Inc. now owns 2,864 shares of the home improvement retailer’s stock valued at $289,000 after purchasing an additional 100 shares during the last quarter. Schmidt P J Investment Management Inc. increased its stake in Lowe’s Companies by 4.5% in the second quarter. Schmidt P J Investment Management Inc. now owns 2,326 shares of the home improvement retailer’s stock valued at $235,000 after purchasing an additional 101 shares during the last quarter. Finally, Cornerstone Wealth Management LLC increased its stake in Lowe’s Companies by 0.8% in the second quarter. Cornerstone Wealth Management LLC now owns 13,665 shares of the home improvement retailer’s stock valued at $1,385,000 after purchasing an additional 104 shares during the last quarter. 76.92% of the stock is owned by institutional investors.

In related news, EVP Donald Frieson bought 2,030 shares of the firm’s stock in a transaction dated Wednesday, June 19th. The stock was bought at an average price of $98.69 per share, with a total value of $200,340.70. Following the completion of the transaction, the executive vice president now directly owns 10,980 shares of the company’s stock, valued at $1,083,616.20. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.07% of the stock is owned by corporate insiders.

LOW stock traded down $0.52 during trading on Friday, reaching $113.36. 3,366,549 shares of the stock traded hands, compared to its average volume of 5,458,489. The business’s 50 day moving average price is $104.50 and its 200-day moving average price is $104.78. Lowe’s Companies, Inc. has a 52-week low of $84.75 and a 52-week high of $118.23. The company has a debt-to-equity ratio of 7.80, a current ratio of 1.06 and a quick ratio of 0.19. The firm has a market capitalization of $87.59 billion, a PE ratio of 22.05, a P/E/G ratio of 1.47 and a beta of 1.30.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, August 21st. The home improvement retailer reported $2.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.00 by $0.15. Lowe’s Companies had a return on equity of 111.09% and a net margin of 3.52%. The firm had revenue of $20.99 billion during the quarter, compared to the consensus estimate of $20.96 billion. During the same quarter in the previous year, the business earned $2.07 earnings per share. The firm’s quarterly revenue was up .5% compared to the same quarter last year. On average, equities research analysts predict that Lowe’s Companies, Inc. will post 5.65 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend is Tuesday, October 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 42.80%.

Several equities analysts recently commented on the company. Credit Suisse Group reiterated a “neutral” rating and issued a $114.00 target price (up from $99.00) on shares of Lowe’s Companies in a research note on Thursday, August 22nd. Robert W. Baird set a $127.00 target price on Lowe’s Companies and gave the company a “buy” rating in a research note on Wednesday, August 21st. UBS Group upped their target price on Lowe’s Companies from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. ValuEngine upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Barclays upped their target price on Lowe’s Companies from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Monday, June 24th. Nine research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $116.82.

Lowe’s Companies Company 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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