Lowe's Companies, Inc. (NYSE:LOW) Position Cut by Bridge Creek Capital Management LLC

Bridge Creek Capital Management LLC trimmed its holdings in Lowe's Companies, Inc. (NYSE:LOW) by 10.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,113 shares of the home improvement retailer’s stock after selling 2,815 shares during the quarter. Lowe's Companies comprises 1.8% of Bridge Creek Capital Management LLC’s portfolio, making the stock its 21st largest holding. Bridge Creek Capital Management LLC’s holdings in Lowe's Companies were worth $3,834,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Triton Wealth Management PLLC boosted its stake in Lowe's Companies by 3.9% during the 3rd quarter. Triton Wealth Management PLLC now owns 1,535 shares of the home improvement retailer’s stock valued at $258,000 after purchasing an additional 58 shares in the last quarter. Peoples Bank OH grew its stake in Lowe's Companies by 1.6% in the 2nd quarter. Peoples Bank OH now owns 4,750 shares of the home improvement retailer’s stock worth $642,000 after buying an additional 75 shares in the last quarter. Signet Financial Management LLC lifted its holdings in shares of Lowe's Companies by 2.2% in the 2nd quarter. Signet Financial Management LLC now owns 3,436 shares of the home improvement retailer’s stock worth $528,000 after acquiring an additional 75 shares during the last quarter. Baldwin Investment Management LLC lifted its holdings in shares of Lowe's Companies by 0.7% in the 2nd quarter. Baldwin Investment Management LLC now owns 11,751 shares of the home improvement retailer’s stock worth $1,588,000 after acquiring an additional 76 shares during the last quarter. Finally, Strategic Advisors LLC lifted its holdings in shares of Lowe's Companies by 1.9% in the 2nd quarter. Strategic Advisors LLC now owns 4,098 shares of the home improvement retailer’s stock worth $608,000 after acquiring an additional 77 shares during the last quarter. 74.63% of the stock is owned by institutional investors and hedge funds.

NYSE LOW traded up $1.55 on Friday, reaching $177.70. 3,879,396 shares of the stock were exchanged, compared to its average volume of 5,110,834. Lowe's Companies, Inc. has a one year low of $60.00 and a one year high of $180.67. The firm has a market capitalization of $134.29 billion, a PE ratio of 23.63, a PEG ratio of 1.23 and a beta of 1.48. The company’s 50-day simple moving average is $164.39 and its two-hundred day simple moving average is $135.31. The company has a current ratio of 1.30, a quick ratio of 0.65 and a debt-to-equity ratio of 4.64.

Lowe's Companies (NYSE:LOW) last released its earnings results on Wednesday, August 19th. The home improvement retailer reported $3.75 EPS for the quarter, topping analysts’ consensus estimates of $2.95 by $0.80. Lowe's Companies had a net margin of 7.12% and a return on equity of 228.17%. The company had revenue of $27.30 billion for the quarter, compared to analysts’ expectations of $24.24 billion. During the same quarter last year, the business earned $2.15 EPS. The firm’s revenue was up 30.1% compared to the same quarter last year. Sell-side analysts forecast that Lowe's Companies, Inc. will post 8.49 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 4th. Shareholders of record on Wednesday, October 21st will be paid a dividend of $0.60 per share. This is a boost from Lowe's Companies’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Tuesday, October 20th. This represents a $2.40 dividend on an annualized basis and a yield of 1.35%. Lowe's Companies’s dividend payout ratio (DPR) is presently 38.46%.

In other Lowe's Companies news, EVP Ross W. Mccanless sold 62,838 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $168.33, for a total transaction of $10,577,520.54. Following the sale, the executive vice president now owns 72,967 shares in the company, valued at approximately $12,282,535.11. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.07% of the stock is currently owned by company insiders.

A number of equities research analysts recently commented on the stock. Barclays upped their price target on shares of Lowe's Companies from $150.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, August 20th. Wells Fargo & Company upped their target price on shares of Lowe's Companies from $165.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 11th. Jefferies Financial Group increased their price objective on shares of Lowe's Companies from $193.00 to $205.00 in a research report on Wednesday, August 26th. Morgan Stanley increased their price objective on shares of Lowe's Companies from $160.00 to $190.00 and gave the company an “overweight” rating in a research report on Tuesday, August 25th. Finally, Wedbush increased their price objective on shares of Lowe's Companies from $125.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, August 20th. Four equities research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $169.50.

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. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as appliances, décor, paint, hardware, millwork, lawn and garden, lighting, lumber and building materials, flooring, kitchens and bath, rough plumbing and electrical, seasonal and outdoor living, and tools.

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

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