Carroll Financial Associates Inc. Sells 1,596 Shares of Lowe’s Companies, Inc. (LOW)

Carroll Financial Associates Inc. trimmed its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 3.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,022 shares of the home improvement retailer’s stock after selling 1,596 shares during the period. Lowe’s Companies accounts for about 0.6% of Carroll Financial Associates Inc.’s holdings, making the stock its 28th biggest holding. Carroll Financial Associates Inc.’s holdings in Lowe’s Companies were worth $5,399,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of LOW. Tdam USA Inc. grew its holdings in shares of Lowe’s Companies by 6.9% in the second quarter. Tdam USA Inc. now owns 7,850 shares of the home improvement retailer’s stock valued at $750,000 after purchasing an additional 504 shares during the period. Central Bank & Trust Co. grew its holdings in shares of Lowe’s Companies by 4.3% in the second quarter. Central Bank & Trust Co. now owns 12,351 shares of the home improvement retailer’s stock valued at $1,180,000 after purchasing an additional 511 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Lowe’s Companies by 13.3% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,367 shares of the home improvement retailer’s stock valued at $417,000 after purchasing an additional 511 shares during the period. Dillon & Associates Inc. grew its holdings in shares of Lowe’s Companies by 0.7% in the second quarter. Dillon & Associates Inc. now owns 75,416 shares of the home improvement retailer’s stock valued at $7,240,000 after purchasing an additional 535 shares during the period. Finally, Oak Asset Management LLC grew its holdings in shares of Lowe’s Companies by 2.1% in the third quarter. Oak Asset Management LLC now owns 26,383 shares of the home improvement retailer’s stock valued at $3,029,000 after purchasing an additional 535 shares during the period. Institutional investors and hedge funds own 74.60% of the company’s stock.

NYSE LOW opened at $95.22 on Thursday. The company has a quick ratio of 0.25, a current ratio of 1.06 and a debt-to-equity ratio of 2.58. Lowe’s Companies, Inc. has a one year low of $75.36 and a one year high of $117.70. The company has a market capitalization of $76.58 billion, a PE ratio of 18.76, a price-to-earnings-growth ratio of 1.27 and a beta of 1.39.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, August 22nd. The home improvement retailer reported $2.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.02 by $0.05. Lowe’s Companies had a net margin of 5.58% and a return on equity of 71.96%. The business had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.79 billion. During the same quarter last year, the firm posted $1.57 earnings per share. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. Equities research analysts anticipate that Lowe’s Companies, Inc. will post 5.19 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 7th. Stockholders of record on Wednesday, October 24th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Tuesday, October 23rd. Lowe’s Companies’s payout ratio is 43.74%.

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

A number of equities research analysts recently issued reports on the stock. Goldman Sachs Group set a $125.00 price objective on shares of Lowe’s Companies and gave the company a “buy” rating in a report on Friday, September 28th. Bank of America set a $132.00 price objective on shares of Lowe’s Companies and gave the company a “buy” rating in a report on Tuesday, October 2nd. SunTrust Banks raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Friday, September 28th. Telsey Advisory Group upped their price objective on shares of Lowe’s Companies from $123.00 to $126.00 and gave the company an “outperform” rating in a report on Friday, September 28th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $130.00 price objective (up previously from $120.00) on shares of Lowe’s Companies in a report on Monday, September 17th. Eight analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $112.11.

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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