Toronto Dominion Bank lowered its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.2% during the second quarter, Holdings Channel reports. The fund owned 401,910 shares of the home improvement retailer’s stock after selling 13,162 shares during the period. Toronto Dominion Bank’s holdings in Lowe’s Companies were worth $54,308,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of LOW. Peoples Bank OH grew its stake in shares of Lowe’s Companies by 1.6% during the second quarter. Peoples Bank OH now owns 4,750 shares of the home improvement retailer’s stock worth $642,000 after purchasing an additional 75 shares in the last quarter. Signet Financial Management LLC boosted its stake in Lowe’s Companies by 2.2% in the second quarter. Signet Financial Management LLC now owns 3,436 shares of the home improvement retailer’s stock valued at $528,000 after acquiring an additional 75 shares in the last quarter. Baldwin Investment Management LLC grew its holdings in shares of Lowe’s Companies by 0.7% during the second quarter. Baldwin Investment Management LLC now owns 11,751 shares of the home improvement retailer’s stock worth $1,588,000 after purchasing an additional 76 shares during the last quarter. Strategic Advisors LLC increased its position in shares of Lowe’s Companies by 1.9% during the second quarter. Strategic Advisors LLC now owns 4,098 shares of the home improvement retailer’s stock worth $608,000 after purchasing an additional 77 shares in the last quarter. Finally, Nwam LLC lifted its holdings in shares of Lowe’s Companies by 1.5% in the 2nd quarter. Nwam LLC now owns 5,506 shares of the home improvement retailer’s stock valued at $744,000 after purchasing an additional 82 shares during the last quarter. 74.63% of the stock is currently owned by institutional investors.

In related news, EVP Ross W. Mccanless sold 62,838 shares of Lowe’s Companies stock in a transaction 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 transaction, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.07% of the company’s stock.

LOW stock traded down $2.53 during trading on Wednesday, reaching $166.50. 247,189 shares of the stock traded hands, compared to its average volume of 5,337,433. The firm has a market capitalization of $127.74 billion, a PE ratio of 22.41, a P/E/G ratio of 1.19 and a beta of 1.50. The company has a debt-to-equity ratio of 4.64, a current ratio of 1.30 and a quick ratio of 0.65. The business’s 50 day moving average price is $157.30 and its 200-day moving average price is $124.21. Lowe’s Companies, Inc. has a 52-week low of $60.00 and a 52-week high of $171.32.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $3.75 earnings per share for the quarter, beating the consensus estimate of $2.95 by $0.80. The business had revenue of $27.30 billion for the quarter, compared to analyst estimates of $24.24 billion. Lowe’s Companies had a return on equity of 228.17% and a net margin of 7.12%. The company’s revenue was up 30.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.15 EPS. On average, equities research analysts predict that Lowe’s Companies, Inc. will post 8.39 earnings per share for the current year.

The firm also recently disclosed 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 an increase from Lowe’s Companies’s previous quarterly dividend of $0.55. This represents a $2.40 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Tuesday, October 20th. Lowe’s Companies’s payout ratio is currently 38.46%.

Several research analysts have commented on the company. Oppenheimer reaffirmed a “buy” rating on shares of Lowe’s Companies in a research report on Tuesday, June 16th. Guggenheim upped their price target on shares of Lowe’s Companies from $135.00 to $175.00 in a research report on Thursday, August 20th. DA Davidson raised their price objective on shares of Lowe’s Companies from $180.00 to $185.00 in a research report on Thursday, August 20th. Jefferies Financial Group upped their target price on shares of Lowe’s Companies from $193.00 to $205.00 in a report on Wednesday, August 26th. Finally, UBS Group raised their price target on Lowe’s Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Three investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $165.75.

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.

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

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