Bamco Inc. NY continued to hold its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 113,122 shares of the home improvement retailer’s stock at the end of the second quarter. Bamco Inc. NY’s holdings in Lowe’s Companies were worth $8,770,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Premier Asset Managment LLC raised its holdings in Lowe’s Companies by 20.8% in the 1st quarter. Premier Asset Managment LLC now owns 130,655 shares of the home improvement retailer’s stock worth $10,741,000 after purchasing an additional 22,525 shares during the period. Fagan Associates Inc. raised its holdings in Lowe’s Companies by 1.8% in the 1st quarter. Fagan Associates Inc. now owns 62,721 shares of the home improvement retailer’s stock worth $5,156,000 after purchasing an additional 1,116 shares during the period. Mason Street Advisors LLC raised its holdings in Lowe’s Companies by 0.6% in the 1st quarter. Mason Street Advisors LLC now owns 119,675 shares of the home improvement retailer’s stock worth $9,838,000 after purchasing an additional 684 shares during the period. LBA Wealth Management LLC raised its holdings in Lowe’s Companies by 8.7% in the 1st quarter. LBA Wealth Management LLC now owns 8,084 shares of the home improvement retailer’s stock worth $665,000 after purchasing an additional 650 shares during the period. Finally, Hanson McClain Inc. raised its holdings in Lowe’s Companies by 3.5% in the 1st quarter. Hanson McClain Inc. now owns 1,337 shares of the home improvement retailer’s stock worth $110,000 after purchasing an additional 45 shares during the period. 74.38% of the stock is currently owned by hedge funds and other institutional investors.

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

A number of research firms have commented on LOW. Deutsche Bank AG reissued a “buy” rating and set a $90.00 price target (up from $85.00) on shares of Lowe’s Companies in a report on Friday, October 6th. Gordon Haskett began coverage on Lowe’s Companies in a report on Tuesday, October 3rd. They set an “accumulate” rating and a $88.00 price target on the stock. Zacks Investment Research raised Lowe’s Companies from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. Robert W. Baird set a $87.00 price target on Lowe’s Companies and gave the company a “buy” rating in a report on Tuesday, October 31st. Finally, BMO Capital Markets reissued a “hold” rating and set a $82.00 price target on shares of Lowe’s Companies in a report on Thursday, November 2nd. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $85.62.

Lowe’s Companies, Inc. (LOW) opened at $79.23 on Wednesday. The company has a market cap of $64,892.61, a P/E ratio of 17.86, a P/E/G ratio of 1.26 and a beta of 1.13. Lowe’s Companies, Inc. has a 12 month low of $65.12 and a 12 month high of $86.25. 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 (NYSE:LOW) last released its quarterly earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($0.05). Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. The firm had revenue of $19.50 billion during the quarter, compared to analysts’ expectations of $19.58 billion. During the same period in the prior year, the firm posted $1.37 earnings per share. Lowe’s Companies’s revenue for the quarter was up 6.8% compared to the same quarter last year. analysts forecast that Lowe’s Companies, Inc. will post 4.5 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.07%. The ex-dividend date is Tuesday, January 23rd. Lowe’s Companies’s dividend payout ratio is currently 46.20%.

About Lowe’s Companies

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.

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

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