First Business Financial Services Inc. Sells 155 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

First Business Financial Services Inc. lowered its position in Lowe’s Companies, Inc. (NYSE:LOW) by 2.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,554 shares of the home improvement retailer’s stock after selling 155 shares during the period. First Business Financial Services Inc.’s holdings in Lowe’s Companies were worth $831,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Thomasville National Bank increased its holdings in Lowe’s Companies by 24.5% during the 2nd quarter. Thomasville National Bank now owns 14,775 shares of the home improvement retailer’s stock worth $1,491,000 after purchasing an additional 2,912 shares in the last quarter. Private Trust Co. NA lifted its position in Lowe’s Companies by 2.4% during the second quarter. Private Trust Co. NA now owns 28,801 shares of the home improvement retailer’s stock worth $2,906,000 after acquiring an additional 684 shares during the last quarter. Fulton Bank N.A. lifted its position in Lowe’s Companies by 2.8% during the second quarter. Fulton Bank N.A. now owns 14,429 shares of the home improvement retailer’s stock worth $1,456,000 after acquiring an additional 391 shares during the last quarter. Rockland Trust Co. lifted its position in Lowe’s Companies by 10.1% during the second quarter. Rockland Trust Co. now owns 5,723 shares of the home improvement retailer’s stock worth $578,000 after acquiring an additional 523 shares during the last quarter. Finally, Foundations Investment Advisors LLC lifted its position in Lowe’s Companies by 15.3% during the second quarter. Foundations Investment Advisors LLC now owns 9,381 shares of the home improvement retailer’s stock worth $968,000 after acquiring an additional 1,248 shares during the last quarter. Institutional investors and hedge funds own 76.35% of the company’s stock.

A number of equities research analysts have recently weighed in on LOW shares. Royal Bank of Canada lifted their price target on shares of Lowe’s Companies from $123.00 to $129.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Morgan Stanley lifted their price target on shares of Lowe’s Companies from $123.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Oppenheimer lifted their price target on shares of Lowe’s Companies from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Friday, October 4th. Raymond James downgraded shares of Lowe’s Companies from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 8th. Finally, KeyCorp reiterated an “overweight” rating and issued a $125.00 price target (up from $120.00) on shares of Lowe’s Companies in a research report on Thursday, August 22nd. Six research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $123.20.

Shares of NYSE LOW traded up $1.40 during midday trading on Friday, reaching $114.00. 2,748,129 shares of the company were exchanged, compared to its average volume of 4,548,905. The stock’s 50-day moving average price is $110.71 and its 200-day moving average price is $105.70. The stock has a market cap of $86.60 billion, a P/E ratio of 22.18, a PEG ratio of 1.47 and a beta of 1.29. Lowe’s Companies, Inc. has a one year low of $84.75 and a one year high of $118.23. The company has a quick ratio of 0.19, a current ratio of 1.06 and a debt-to-equity ratio of 7.80.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, August 21st. The home improvement retailer reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.00 by $0.15. The firm had revenue of $20.99 billion for the quarter, compared to analysts’ expectations of $20.96 billion. Lowe’s Companies had a net margin of 3.52% and a return on equity of 111.09%. The company’s revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.07 earnings per share. On average, equities research analysts anticipate that Lowe’s Companies, Inc. will post 5.67 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.93%. Lowe’s Companies’s payout ratio is 42.80%.

In related news, EVP Jennifer L. Weber sold 12,589 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $112.62, for a total value of $1,417,773.18. Following the transaction, the executive vice president now owns 17,440 shares in the company, valued at $1,964,092.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Matthew V. Hollifield sold 12,136 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $112.34, for a total transaction of $1,363,358.24. Following the completion of the transaction, the chief accounting officer now owns 28,017 shares in the company, valued at approximately $3,147,429.78. The disclosure for this sale can be found here. 0.07% of the stock is owned by insiders.

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. 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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