PNC Financial Services Group Inc. Has $108.82 Million Holdings in Lowe's Companies, Inc. (NYSE:LOW)

PNC Financial Services Group Inc. trimmed its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 1.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 401,762 shares of the home improvement retailer's stock after selling 4,188 shares during the period. PNC Financial Services Group Inc. owned about 0.07% of Lowe's Companies worth $108,817,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of LOW. Legal & General Group Plc increased its holdings in Lowe's Companies by 1.6% during the 2nd quarter. Legal & General Group Plc now owns 5,205,491 shares of the home improvement retailer's stock valued at $1,147,603,000 after acquiring an additional 82,978 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Lowe's Companies by 1,889.7% in the third quarter. International Assets Investment Management LLC now owns 2,134,969 shares of the home improvement retailer's stock valued at $578,256,000 after buying an additional 2,027,668 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Lowe's Companies by 36.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,840,704 shares of the home improvement retailer's stock worth $468,884,000 after buying an additional 493,180 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Lowe's Companies by 6.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,617,849 shares of the home improvement retailer's stock worth $356,671,000 after acquiring an additional 90,945 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Lowe's Companies by 11.1% in the second quarter. The Manufacturers Life Insurance Company now owns 1,499,015 shares of the home improvement retailer's stock worth $330,473,000 after acquiring an additional 149,649 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company's stock.

Insider Activity

In related news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of Lowe's Companies stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $248.82, for a total value of $1,684,262.58. Following the completion of the sale, the chief accounting officer now owns 9,383 shares of the company's stock, valued at approximately $2,334,678.06. The trade was a 41.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Margrethe R. Vagell sold 5,730 shares of the business's stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $271.45, for a total value of $1,555,408.50. Following the completion of the sale, the executive vice president now owns 13,214 shares of the company's stock, valued at approximately $3,586,940.30. This trade represents a 30.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.26% of the stock is owned by company insiders.

Analysts Set New Price Targets

LOW has been the topic of a number of recent analyst reports. Royal Bank of Canada increased their price target on shares of Lowe's Companies from $290.00 to $291.00 and gave the stock a "sector perform" rating in a research note on Wednesday. Sanford C. Bernstein dropped their target price on Lowe's Companies from $306.00 to $301.00 and set an "outperform" rating on the stock in a report on Wednesday. Loop Capital upgraded Lowe's Companies from a "hold" rating to a "buy" rating and upped their price target for the stock from $250.00 to $300.00 in a report on Wednesday, October 9th. Morgan Stanley lifted their price objective on shares of Lowe's Companies from $250.00 to $255.00 and gave the company an "overweight" rating in a research note on Wednesday, August 21st. Finally, JPMorgan Chase & Co. decreased their target price on shares of Lowe's Companies from $272.00 to $270.00 and set an "overweight" rating for the company in a research note on Wednesday, August 21st. Ten equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $277.92.

Lowe's Companies Price Performance

Shares of LOW traded up $3.77 during mid-day trading on Wednesday, hitting $263.03. The company's stock had a trading volume of 2,858,702 shares, compared to its average volume of 2,450,444. Lowe's Companies, Inc. has a fifty-two week low of $196.23 and a fifty-two week high of $287.01. The stock has a market capitalization of $149.21 billion, a price-to-earnings ratio of 21.81, a PEG ratio of 2.21 and a beta of 1.10. The firm has a 50-day moving average price of $268.29 and a 200 day moving average price of $244.36.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $4.10 EPS for the quarter, beating analysts' consensus estimates of $3.96 by $0.14. The company had revenue of $23.59 billion during the quarter, compared to the consensus estimate of $23.93 billion. Lowe's Companies had a negative return on equity of 47.07% and a net margin of 8.25%. The company's quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.56 EPS. As a group, equities analysts anticipate that Lowe's Companies, Inc. will post 11.93 EPS for the current fiscal year.

Lowe's Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd were given a $1.15 dividend. This is an increase from Lowe's Companies's previous quarterly dividend of $0.15. This represents a $4.60 annualized dividend and a dividend yield of 1.75%. The ex-dividend date was Wednesday, October 23rd. Lowe's Companies's dividend payout ratio (DPR) is 38.14%.

Lowe's Companies 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.