Lowe’s Companies, Inc. (LOW) Shares Sold by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. cut its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 12.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 254,435 shares of the home improvement retailer’s stock after selling 37,839 shares during the period. Lowe’s Companies makes up approximately 0.9% of Cullen Frost Bankers Inc.’s portfolio, making the stock its 22nd biggest position. Cullen Frost Bankers Inc.’s holdings in Lowe’s Companies were worth $29,214,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Woodstock Corp increased its position in Lowe’s Companies by 37.3% in the 3rd quarter. Woodstock Corp now owns 8,975 shares of the home improvement retailer’s stock valued at $1,031,000 after buying an additional 2,440 shares in the last quarter. BTC Capital Management Inc. increased its position in Lowe’s Companies by 8.5% in the 2nd quarter. BTC Capital Management Inc. now owns 44,138 shares of the home improvement retailer’s stock valued at $4,219,000 after buying an additional 3,470 shares in the last quarter. Bremer Trust National Association bought a new stake in Lowe’s Companies in the 2nd quarter valued at about $228,000. Verition Fund Management LLC increased its position in Lowe’s Companies by 463.6% in the 2nd quarter. Verition Fund Management LLC now owns 52,429 shares of the home improvement retailer’s stock valued at $5,011,000 after buying an additional 43,126 shares in the last quarter. Finally, First American Bank bought a new stake in Lowe’s Companies in the 3rd quarter valued at about $10,048,000. 74.60% of the stock is owned by hedge funds and other institutional investors.

In other Lowe’s Companies news, Director Lisa W. Wardell bought 273 shares of the business’s stock in a transaction dated Friday, August 24th. The shares were purchased at an average price of $107.72 per share, for a total transaction of $29,407.56. Following the purchase, the director now directly owns 273 shares of the company’s stock, valued at $29,407.56. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Marshall A. Croom sold 15,735 shares of the business’s stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $114.61, for a total value of $1,803,388.35. Following the completion of the transaction, the chief financial officer now owns 63,099 shares in the company, valued at approximately $7,231,776.39. The disclosure for this sale can be found here. 0.30% of the stock is owned by insiders.

A number of analysts recently commented on LOW shares. Morgan Stanley decreased their target price on Lowe’s Companies from $125.00 to $110.00 and set an “overweight” rating for the company in a research report on Tuesday, October 23rd. Citigroup raised Lowe’s Companies from a “neutral” rating to a “buy” rating and set a $112.00 target price for the company in a research report on Tuesday, October 23rd. Royal Bank of Canada boosted their target price on Lowe’s Companies to $118.00 and gave the company an “outperform” rating in a research report on Thursday, August 23rd. Loop Capital set a $115.00 target price on Lowe’s Companies and gave the company a “buy” rating in a research report on Wednesday, July 18th. Finally, Wedbush set a $115.00 target price on Lowe’s Companies and gave the company a “neutral” rating in a research report on Monday, October 15th. Eight equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. Lowe’s Companies presently has a consensus rating of “Buy” and a consensus price target of $112.11.

Shares of LOW opened at $92.86 on Tuesday. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.06 and a quick ratio of 0.25. The company has a market cap of $75.80 billion, a price-to-earnings ratio of 21.15, a P/E/G ratio of 1.26 and a beta of 1.39. Lowe’s Companies, Inc. has a 52 week low of $75.36 and a 52 week high of $117.70.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, August 22nd. The home improvement retailer reported $2.07 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.05. The firm had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.79 billion. Lowe’s Companies had a return on equity of 71.96% and a net margin of 5.58%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.57 EPS. Analysts expect that Lowe’s Companies, Inc. will post 5.19 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 7th. Shareholders of record on Wednesday, October 24th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Tuesday, October 23rd. Lowe’s Companies’s dividend payout ratio is currently 43.74%.

Lowe’s Companies Company Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal and outdoor living, lawn and garden, paint, millwork, flooring, and kitchens, as well as outdoor power equipment.

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

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