Viking Global Investors LP purchased a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,381,012 shares of the home improvement retailer’s stock, valued at approximately $139,358,000. Viking Global Investors LP owned 0.18% of Lowe’s Companies as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also bought and sold shares of LOW. Advisors Preferred LLC acquired a new position in Lowe’s Companies during the first quarter valued at approximately $26,000. Icon Wealth Partners LLC acquired a new position in Lowe’s Companies during the first quarter valued at approximately $26,000. Next Capital Management LLC acquired a new position in Lowe’s Companies during the second quarter valued at approximately $27,000. Weaver Consulting Group acquired a new position in Lowe’s Companies during the first quarter valued at approximately $28,000. Finally, Knuff & Co LLC acquired a new position in Lowe’s Companies during the second quarter valued at approximately $29,000. Institutional investors and hedge funds own 76.23% of the company’s stock.

NYSE:LOW traded down $0.17 on Wednesday, hitting $112.56. The stock had a trading volume of 155,997 shares, compared to its average volume of 5,350,211. The company has a debt-to-equity ratio of 7.80, a quick ratio of 0.19 and a current ratio of 1.06. The stock has a market cap of $87.01 billion, a P/E ratio of 21.91, a price-to-earnings-growth ratio of 1.47 and a beta of 1.30. Lowe’s Companies, Inc. has a 1 year low of $84.75 and a 1 year high of $118.23. The firm’s fifty day simple moving average is $105.29 and its two-hundred day simple moving average is $104.92.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, August 21st. The home improvement retailer reported $2.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.00 by $0.15. Lowe’s Companies had a net margin of 3.52% and a return on equity of 111.09%. The firm had revenue of $20.99 billion during the quarter, compared to analyst estimates of $20.96 billion. During the same quarter last year, the business posted $2.07 EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis. Equities research analysts predict that Lowe’s Companies, Inc. will post 5.66 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.95%. The ex-dividend date is Tuesday, October 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 42.80%.

In related news, EVP Jennifer L. Weber sold 12,589 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $112.62, for a total value of $1,417,773.18. Following the completion of the transaction, the executive vice president now directly owns 17,440 shares of the company’s stock, valued at approximately $1,964,092.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.07% of the stock is currently owned by company insiders.

LOW has been the subject of several research analyst reports. ValuEngine upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Tuesday, September 10th. Wedbush upgraded shares of Lowe’s Companies from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $115.00 to $135.00 in a report on Monday. Citigroup upped their price target on shares of Lowe’s Companies from $122.00 to $137.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Wells Fargo & Co reiterated an “outperform” rating and set a $125.00 price target (up from $110.00) on shares of Lowe’s Companies in a report on Thursday, August 22nd. Finally, UBS Group upped their price target on shares of Lowe’s Companies from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Eight analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $118.00.

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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