Fox Run Management L.L.C. acquired a new position in Lowe’s Companies, Inc. (NYSE:LOW) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,653 shares of the home improvement retailer’s stock, valued at approximately $540,000.

Several other large investors have also modified their holdings of the business. Ironsides Asset Advisors LLC grew its stake in shares of Lowe’s Companies by 698.3% in the 2nd quarter. Ironsides Asset Advisors LLC now owns 8,327,089 shares of the home improvement retailer’s stock worth $98,637,000 after buying an additional 7,284,000 shares in the last quarter. OppenheimerFunds Inc. grew its stake in shares of Lowe’s Companies by 0.8% in the 1st quarter. OppenheimerFunds Inc. now owns 6,093,631 shares of the home improvement retailer’s stock worth $534,715,000 after buying an additional 48,900 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Lowe’s Companies by 1.0% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 3,362,205 shares of the home improvement retailer’s stock worth $295,034,000 after buying an additional 32,689 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Lowe’s Companies by 1.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,472,272 shares of the home improvement retailer’s stock worth $216,942,000 after buying an additional 38,139 shares in the last quarter. Finally, FIL Ltd grew its stake in shares of Lowe’s Companies by 16.7% in the 1st quarter. FIL Ltd now owns 2,330,608 shares of the home improvement retailer’s stock worth $204,511,000 after buying an additional 334,255 shares in the last quarter. 74.10% of the stock is owned by institutional investors and hedge funds.

In related news, SVP Matthew V. Hollifield sold 12,362 shares of Lowe’s Companies stock in a transaction dated Friday, June 8th. The shares were sold at an average price of $99.56, for a total transaction of $1,230,760.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.30% of the company’s stock.

A number of equities analysts have commented on the stock. Loop Capital set a $115.00 price objective on shares of Lowe’s Companies and gave the stock a “buy” rating in a research note on Wednesday. Argus lifted their price objective on shares of Lowe’s Companies from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, May 25th. ValuEngine raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Thursday, May 24th. Royal Bank of Canada lifted their price objective on shares of Lowe’s Companies to $104.00 and gave the stock an “outperform” rating in a research note on Thursday, May 24th. Finally, Zacks Investment Research cut shares of Lowe’s Companies from a “hold” rating to a “sell” rating in a research note on Thursday, May 24th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty-five have assigned a buy rating to the stock. Lowe’s Companies currently has a consensus rating of “Buy” and a consensus price target of $102.21.

Shares of LOW opened at $100.66 on Friday. Lowe’s Companies, Inc. has a 1-year low of $70.76 and a 1-year high of $108.98. The stock has a market cap of $82.47 billion, a P/E ratio of 22.93, a P/E/G ratio of 1.11 and a beta of 1.34. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.02 and a quick ratio of 0.18.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, May 23rd. The home improvement retailer reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.03). Lowe’s Companies had a net margin of 5.55% and a return on equity of 66.36%. The company had revenue of $17.36 billion for the quarter, compared to the consensus estimate of $17.44 billion. During the same quarter in the previous year, the business earned $1.03 EPS. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. research analysts forecast that Lowe’s Companies, Inc. will post 5.45 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 8th. Investors of record on Wednesday, July 25th will be issued a dividend of $0.48 per share. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Tuesday, July 24th. This represents a $1.92 dividend on an annualized basis and a yield of 1.91%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 37.36%.

About Lowe’s Companies

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

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

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