Amalgamated Bank boosted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 50.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 101,250 shares of the home improvement retailer’s stock after buying an additional 33,836 shares during the quarter. Amalgamated Bank’s holdings in Lowe’s Companies were worth $7,850,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. SRS Capital Advisors Inc. boosted its holdings in shares of Lowe’s Companies by 0.4% in the first quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock worth $101,000 after acquiring an additional 5 shares during the period. Guardian Life Insurance Co. of America boosted its holdings in shares of Lowe’s Companies by 0.4% in the first quarter. Guardian Life Insurance Co. of America now owns 3,346 shares of the home improvement retailer’s stock worth $275,000 after acquiring an additional 13 shares during the period. Winfield Associates Inc. boosted its holdings in shares of Lowe’s Companies by 0.6% in the first quarter. Winfield Associates Inc. now owns 2,392 shares of the home improvement retailer’s stock worth $196,000 after acquiring an additional 15 shares during the period. Modera Wealth Management LLC boosted its holdings in shares of Lowe’s Companies by 0.3% in the first quarter. Modera Wealth Management LLC now owns 4,927 shares of the home improvement retailer’s stock worth $405,000 after acquiring an additional 15 shares during the period. Finally, Alps Advisors Inc. boosted its holdings in shares of Lowe’s Companies by 0.3% in the second quarter. Alps Advisors Inc. now owns 5,844 shares of the home improvement retailer’s stock worth $453,000 after acquiring an additional 15 shares during the period. 74.35% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently commented on LOW shares. Bank of America Corporation started coverage on Lowe’s Companies in a report on Tuesday, September 5th. They issued a “buy” rating and a $95.00 price target for the company. Zacks Investment Research lowered Lowe’s Companies from a “hold” rating to a “sell” rating in a report on Monday, August 28th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $87.00 price target on shares of Lowe’s Companies in a report on Friday, July 21st. Oppenheimer Holdings, Inc. set a $100.00 price target on Lowe’s Companies and gave the stock a “buy” rating in a report on Wednesday, August 23rd. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $90.00 price target (up from $85.00) on shares of Lowe’s Companies in a report on Friday, October 6th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the company. Lowe’s Companies has a consensus rating of “Hold” and an average target price of $85.21.

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In other news, SVP Matthew V. Hollifield sold 7,853 shares of Lowe’s Companies stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $78.30, for a total value of $614,889.90. Following the transaction, the senior vice president now owns 30,750 shares in the company, valued at $2,407,725. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Paul D. Ramsay sold 2,098 shares of Lowe’s Companies stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $78.02, for a total value of $163,685.96. Following the completion of the transaction, the insider now owns 8,400 shares in the company, valued at approximately $655,368. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by insiders.

Lowe’s Companies, Inc. (LOW) opened at $77.92 on Monday. The company has a market capitalization of $65,219.04, a PE ratio of 17.95, a PEG ratio of 1.27 and a beta of 1.13. The company has a quick ratio of 0.19, a current ratio of 1.03 and a debt-to-equity ratio of 2.85. Lowe’s Companies, Inc. has a twelve month low of $64.87 and a twelve month high of $86.25.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, August 23rd. The home improvement retailer reported $1.57 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($0.05). The company had revenue of $19.50 billion during the quarter, compared to analysts’ expectations of $19.58 billion. Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.37 EPS. research analysts expect that Lowe’s Companies, Inc. will post 4.51 EPS for the current year.

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 issued a $0.41 dividend. The ex-dividend date is Tuesday, October 24th. This represents a $1.64 annualized dividend and a dividend yield of 2.10%. Lowe’s Companies’s dividend payout ratio is currently 46.20%.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc (Lowe’s) is a home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens.

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

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