Peoples Bank OH Has $485,000 Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Peoples Bank OH decreased its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 4,415 shares of the home improvement retailer’s stock after selling 128 shares during the period. Peoples Bank OH’s holdings in Lowe’s Companies were worth $485,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Atwater Malick LLC acquired a new position in shares of Lowe’s Companies during the 3rd quarter valued at about $26,000. Next Capital Management LLC acquired a new position in shares of Lowe’s Companies during the 2nd quarter valued at about $27,000. Pearl River Capital LLC acquired a new position in shares of Lowe’s Companies during the 2nd quarter valued at about $29,000. Knuff & Co LLC acquired a new position in shares of Lowe’s Companies during the 2nd quarter valued at about $29,000. Finally, Weaver Consulting Group acquired a new position in shares of Lowe’s Companies during the 1st quarter valued at about $28,000. 76.31% of the stock is currently owned by institutional investors and hedge funds.

Shares of LOW stock opened at $112.84 on Friday. The stock has a 50 day moving average of $111.21 and a two-hundred day moving average of $105.93. The company has a current ratio of 1.06, a quick ratio of 0.19 and a debt-to-equity ratio of 7.80. Lowe’s Companies, Inc. has a 12 month low of $84.75 and a 12 month high of $118.23. The company has a market capitalization of $86.90 billion, a P/E ratio of 21.95, a P/E/G ratio of 1.42 and a beta of 1.30.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, August 21st. The home improvement retailer reported $2.15 EPS for the quarter, topping 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 company had revenue of $20.99 billion during the quarter, compared to the consensus estimate of $20.96 billion. During the same quarter last year, the company earned $2.07 EPS. The company’s quarterly revenue was up .5% on a year-over-year basis. Sell-side analysts predict that Lowe’s Companies, Inc. will post 5.67 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd will be given a $0.55 dividend. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.95%. Lowe’s Companies’s dividend payout ratio is currently 42.80%.

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

A number of research analysts have recently commented on LOW shares. Wells Fargo & Co set a $125.00 price objective on Lowe’s Companies and gave the company a “buy” rating in a report on Monday, September 30th. Wolfe Research lowered Lowe’s Companies from an “outperform” rating to a “market perform” rating and set a $118.00 target price on the stock. in a report on Tuesday, October 8th. UBS Group raised their target price on Lowe’s Companies from $115.00 to $125.00 and gave the company a “buy” rating in a report 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 report on Wednesday, August 21st. Finally, Morgan Stanley raised their target price on Lowe’s Companies from $123.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $120.96.

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

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