Community Trust & Investment Co. Has $12.50 Million Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Community Trust & Investment Co. trimmed its position in Lowe’s Companies, Inc. (NYSE:LOW) by 0.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,364 shares of the home improvement retailer’s stock after selling 204 shares during the quarter. Community Trust & Investment Co.’s holdings in Lowe’s Companies were worth $12,496,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ritter Daniher Financial Advisory LLC DE boosted its position in shares of Lowe’s Companies by 357.1% during the 1st quarter. Ritter Daniher Financial Advisory LLC DE now owns 128 shares of the home improvement retailer’s stock valued at $26,000 after acquiring an additional 100 shares in the last quarter. Tanglewood Legacy Advisors LLC bought a new position in Lowe’s Companies during the fourth quarter worth about $30,000. Grey Fox Wealth Advisors LLC bought a new stake in shares of Lowe’s Companies in the 4th quarter valued at approximately $31,000. Ruedi Wealth Management Inc. bought a new stake in shares of Lowe’s Companies in the 4th quarter valued at approximately $32,000. Finally, Sanctuary Wealth Management L.L.C. acquired a new position in shares of Lowe’s Companies in the 4th quarter worth approximately $35,000. 71.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

LOW has been the topic of a number of analyst reports. Morgan Stanley upped their price target on Lowe’s Companies from $235.00 to $255.00 and gave the company an “overweight” rating in a research report on Wednesday, August 23rd. DA Davidson boosted their target price on Lowe’s Companies from $228.00 to $237.00 in a report on Wednesday, May 24th. Evercore ISI dropped their price target on Lowe’s Companies from $240.00 to $235.00 and set an “in-line” rating for the company in a report on Friday, September 8th. Telsey Advisory Group restated a “market perform” rating and set a $230.00 target price (up previously from $225.00) on shares of Lowe’s Companies in a report on Tuesday, August 22nd. Finally, TD Cowen lifted their price target on Lowe’s Companies from $225.00 to $230.00 and gave the company a “market perform” rating in a report on Wednesday, August 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $237.48.

Lowe’s Companies Stock Performance

LOW stock traded down $2.17 during midday trading on Tuesday, hitting $215.55. 892,094 shares of the company’s stock were exchanged, compared to its average volume of 2,822,265. Lowe’s Companies, Inc. has a one year low of $176.50 and a one year high of $237.21. The company has a market cap of $124.40 billion, a PE ratio of 21.43, a price-to-earnings-growth ratio of 1.43 and a beta of 1.09. The stock’s fifty day moving average price is $227.93 and its 200-day moving average price is $213.68.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Tuesday, August 22nd. The home improvement retailer reported $4.56 earnings per share for the quarter, beating the consensus estimate of $4.49 by $0.07. Lowe’s Companies had a negative return on equity of 58.56% and a net margin of 6.48%. The business had revenue of $24.96 billion for the quarter, compared to analysts’ expectations of $24.97 billion. During the same quarter in the previous year, the business posted $4.67 EPS. Lowe’s Companies’s revenue for the quarter was down 9.2% on a year-over-year basis. On average, analysts expect that Lowe’s Companies, Inc. will post 13.45 EPS for the current year.

Lowe’s Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Wednesday, October 25th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend is Tuesday, October 24th. Lowe’s Companies’s dividend payout ratio is 43.31%.

Insider Transactions at Lowe’s Companies

In other news, EVP Joseph Michael Mcfarland sold 4,500 shares of the business’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $222.53, for a total value of $1,001,385.00. Following the sale, the executive vice president now directly owns 46,594 shares in the company, valued at $10,368,562.82. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, EVP Janice Dupre sold 5,380 shares of the firm’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $231.28, for a total value of $1,244,286.40. Following the completion of the transaction, the executive vice president now owns 24,216 shares of the company’s stock, valued at $5,600,676.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Joseph Michael Mcfarland sold 4,500 shares of Lowe’s Companies stock in a transaction on Monday, August 28th. The shares were sold at an average price of $222.53, for a total transaction of $1,001,385.00. Following the completion of the sale, the executive vice president now owns 46,594 shares in the company, valued at $10,368,562.82. The disclosure for this sale can be found here. 0.24% of the stock is owned by insiders.

Lowe’s Companies Company Profile

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