Gilman Hill Asset Management LLC decreased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 4.3% in the third quarter, Holdings Channel reports. The firm owned 6,484 shares of the home improvement retailer’s stock after selling 290 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in Lowe’s Companies were worth $713,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of LOW. Atwater Malick LLC bought a new stake in shares of Lowe’s Companies in the 3rd quarter worth $26,000. Next Capital Management LLC purchased a new position in shares of Lowe’s Companies in the 2nd quarter worth $27,000. Weaver Consulting Group purchased a new position in shares of Lowe’s Companies in the 1st quarter worth $28,000. Knuff & Co LLC purchased a new position in shares of Lowe’s Companies in the 2nd quarter worth $29,000. Finally, Pearl River Capital LLC purchased a new position in shares of Lowe’s Companies in the 2nd quarter worth $29,000. 76.31% of the stock is owned by institutional investors and hedge funds.
NYSE LOW opened at $112.84 on Friday. The company has a market capitalization of $86.90 billion, a PE ratio of 21.61, a price-to-earnings-growth ratio of 1.42 and a beta of 1.30. The company has a debt-to-equity ratio of 7.80, a quick ratio of 0.19 and a current ratio of 1.06. The business’s fifty day moving average is $111.21 and its 200 day moving average is $105.93. Lowe’s Companies, Inc. has a fifty-two week low of $84.75 and a fifty-two week high of $118.23.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd will be given a dividend of $0.55 per share. The ex-dividend date is Tuesday, October 22nd. This represents a $2.20 annualized dividend and a yield of 1.95%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 42.80%.
A number of equities analysts have recently issued reports on LOW shares. Jefferies Financial Group set a $125.00 price target on Lowe’s Companies and gave the stock a “buy” rating in a research note on Monday, August 26th. Wolfe Research downgraded Lowe’s Companies from an “outperform” rating to a “market perform” rating and set a $118.00 price target on the stock. in a research note on Tuesday, October 8th. Raymond James downgraded Lowe’s Companies from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 8th. Citigroup raised their price target on Lowe’s Companies from $122.00 to $137.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Finally, Barclays raised their price target on Lowe’s Companies from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Monday, June 24th. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Lowe’s Companies presently has an average rating of “Buy” and an average target price of $120.96.
In other Lowe’s Companies news, EVP Jennifer L. Weber sold 12,589 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $112.62, for a total transaction of $1,417,773.18. Following the sale, the executive vice president now directly owns 17,440 shares of the company’s stock, valued at $1,964,092.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Matthew V. Hollifield sold 12,136 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $112.34, for a total value of $1,363,358.24. Following the sale, the chief accounting officer now directly owns 28,017 shares in the company, valued at $3,147,429.78. The disclosure for this sale can be found here. 0.07% of the stock is currently owned by insiders.
Lowe’s Companies 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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