Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Alerus Financial NA

Alerus Financial NA cut its holdings in Lowe’s Companies, Inc. (NYSE:LOWGet Rating) by 1.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 13,421 shares of the home improvement retailer’s stock after selling 189 shares during the period. Alerus Financial NA’s holdings in Lowe’s Companies were worth $3,469,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Camden National Bank raised its position in shares of Lowe’s Companies by 17.1% during the 4th quarter. Camden National Bank now owns 2,291 shares of the home improvement retailer’s stock worth $368,000 after buying an additional 335 shares in the last quarter. Morgan Stanley raised its position in shares of Lowe’s Companies by 3.7% during the 2nd quarter. Morgan Stanley now owns 5,670,692 shares of the home improvement retailer’s stock worth $1,099,945,000 after buying an additional 201,647 shares in the last quarter. Bank of Nova Scotia raised its position in shares of Lowe’s Companies by 9.4% during the 3rd quarter. Bank of Nova Scotia now owns 115,757 shares of the home improvement retailer’s stock worth $23,482,000 after buying an additional 9,911 shares in the last quarter. MV Capital Management Inc. raised its position in shares of Lowe’s Companies by 25.6% during the 3rd quarter. MV Capital Management Inc. now owns 417 shares of the home improvement retailer’s stock worth $85,000 after buying an additional 85 shares in the last quarter. Finally, Boston Common Asset Management LLC raised its position in shares of Lowe’s Companies by 0.9% during the 3rd quarter. Boston Common Asset Management LLC now owns 68,129 shares of the home improvement retailer’s stock worth $13,821,000 after buying an additional 625 shares in the last quarter. 75.46% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:LOW traded up $2.04 during trading on Wednesday, hitting $186.66. 69,957 shares of the company’s stock were exchanged, compared to its average volume of 4,215,304. Lowe’s Companies, Inc. has a 1-year low of $179.22 and a 1-year high of $263.31. The firm has a 50-day moving average price of $203.81 and a two-hundred day moving average price of $226.96. The firm has a market cap of $123.40 billion, a P/E ratio of 15.05, a PEG ratio of 1.11 and a beta of 1.25.

Lowe’s Companies (NYSE:LOWGet Rating) last released its quarterly earnings data on Wednesday, May 18th. The home improvement retailer reported $3.51 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.29. Lowe’s Companies had a net margin of 8.85% and a negative return on equity of 251.50%. The business had revenue of $23.66 billion for the quarter, compared to analyst estimates of $23.72 billion. During the same quarter last year, the firm earned $3.21 EPS. Lowe’s Companies’s quarterly revenue was down 3.1% compared to the same quarter last year. On average, research analysts predict that Lowe’s Companies, Inc. will post 13.43 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 4th. Shareholders of record on Wednesday, April 20th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend was Tuesday, April 19th. Lowe’s Companies’s payout ratio is currently 26.08%.

LOW has been the topic of a number of research reports. Wells Fargo & Company dropped their target price on shares of Lowe’s Companies from $295.00 to $260.00 and set an “overweight” rating on the stock in a report on Thursday, April 7th. Wedbush reduced their price target on shares of Lowe’s Companies from $240.00 to $200.00 and set a “neutral” rating for the company in a research report on Thursday, May 19th. DA Davidson reduced their price target on shares of Lowe’s Companies from $292.00 to $240.00 and set a “buy” rating for the company in a research report on Thursday, May 19th. Gordon Haskett lowered shares of Lowe’s Companies from a “buy” rating to an “accumulate” rating in a research note on Friday, May 6th. Finally, Guggenheim dropped their price target on shares of Lowe’s Companies to $240.00 in a research note on Friday, May 20th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $243.84.

Lowe’s Companies Profile (Get Rating)

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States and internationally. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, lighting, and electrical.

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

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