Wellington Shields Capital Management LLC Decreases Position in Lowe’s Companies, Inc. (NYSE:LOW)

Wellington Shields Capital Management LLC decreased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 29.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 5,300 shares of the home improvement retailer’s stock after selling 2,200 shares during the quarter. Wellington Shields Capital Management LLC’s holdings in Lowe’s Companies were worth $583,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the stock. Atwater Malick LLC purchased a new stake in Lowe’s Companies in the third quarter valued at approximately $26,000. Next Capital Management LLC purchased a new stake in Lowe’s Companies in the second quarter valued at approximately $27,000. Knuff & Co LLC purchased a new stake in Lowe’s Companies in the second quarter valued at approximately $29,000. Pearl River Capital LLC purchased a new stake in shares of Lowe’s Companies during the second quarter worth approximately $29,000. Finally, Ossiam purchased a new stake in shares of Lowe’s Companies during the second quarter worth approximately $31,000. Hedge funds and other institutional investors own 76.42% of the company’s stock.

LOW stock traded down $0.13 on Tuesday, reaching $114.32. 3,948,589 shares of the company’s stock were exchanged, compared to its average volume of 4,539,872. The stock has a fifty day moving average of $110.88 and a 200-day moving average of $105.71. Lowe’s Companies, Inc. has a twelve month low of $84.75 and a twelve month high of $118.23. The firm has a market cap of $87.99 billion, a PE ratio of 22.24, a P/E/G ratio of 1.50 and a beta of 1.29. 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 announced its quarterly earnings data on Wednesday, August 21st. The home improvement retailer reported $2.15 earnings per share 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 firm had revenue of $20.99 billion for the quarter, compared to analyst estimates of $20.96 billion. During the same quarter in the prior year, the company posted $2.07 earnings per share. Lowe’s Companies’s quarterly revenue was up .5% on a year-over-year basis. On average, equities research analysts predict that Lowe’s Companies, Inc. will post 5.67 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date is Tuesday, January 21st. Lowe’s Companies’s dividend payout ratio is presently 42.80%.

LOW has been the subject of several analyst reports. Raymond James cut Lowe’s Companies from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 8th. Oppenheimer upped their price target on Lowe’s Companies from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Friday, October 4th. Citigroup upped 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. Wolfe Research cut Lowe’s Companies from an “outperform” rating to a “market perform” rating and set a $118.00 price target for the company. in a research note on Tuesday, October 8th. Finally, Royal Bank of Canada upped their price target on Lowe’s Companies from $123.00 to $129.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Six analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $123.20.

In other Lowe’s Companies news, CAO Matthew V. Hollifield sold 12,136 shares of the company’s stock in a transaction 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 sale, the chief accounting officer now owns 28,017 shares of the company’s stock, valued at $3,147,429.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jennifer L. Weber sold 12,589 shares of the company’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 completion of the sale, the executive vice president now directly owns 17,440 shares in the company, valued at approximately $1,964,092.80. The disclosure for this sale can be found here. Corporate insiders own 0.07% of the company’s stock.

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.

Recommended Story: Stop Order

Want to see what other hedge funds are holding LOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lowe’s Companies, Inc. (NYSE:LOW).

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

Receive News & Ratings for Lowe's Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies and related companies with MarketBeat.com's FREE daily email newsletter.