Barings LLC maintained its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,924 shares of the home improvement retailer’s stock at the close of the second quarter. Barings LLC’s holdings in Lowe’s Companies were worth $3,940,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in LOW. SRS Capital Advisors Inc. grew its position in Lowe’s Companies by 0.4% during the first quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock worth $101,000 after buying an additional 5 shares in the last quarter. Guardian Life Insurance Co. of America lifted its stake in Lowe’s Companies by 0.4% during 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 purchasing an additional 13 shares during the last quarter. Winfield Associates Inc. lifted its stake in Lowe’s Companies by 0.6% during the first quarter. Winfield Associates Inc. now owns 2,392 shares of the home improvement retailer’s stock worth $196,000 after purchasing an additional 15 shares during the last quarter. Modera Wealth Management LLC lifted its stake in Lowe’s Companies by 0.3% during the first quarter. Modera Wealth Management LLC now owns 4,927 shares of the home improvement retailer’s stock worth $405,000 after purchasing an additional 15 shares during the last quarter. Finally, Alps Advisors Inc. lifted its stake in Lowe’s Companies by 0.3% during the second quarter. Alps Advisors Inc. now owns 5,844 shares of the home improvement retailer’s stock worth $453,000 after purchasing an additional 15 shares during the last quarter. Institutional investors own 74.38% of the company’s stock.

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Several equities research analysts have issued reports on the company. Longbow Research reaffirmed a “buy” rating and set a $95.00 price target on shares of Lowe’s Companies in a research note on Monday, August 14th. Jefferies Group LLC reissued a “hold” rating and issued a $75.00 target price on shares of Lowe’s Companies in a research note on Thursday, September 28th. Zacks Investment Research raised Lowe’s Companies from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research note on Friday, August 11th. Piper Jaffray Companies reissued a “hold” rating and issued a $80.00 target price on shares of Lowe’s Companies in a research note on Friday, September 29th. Finally, Gordon Haskett assumed coverage on Lowe’s Companies in a research note on Tuesday, October 3rd. They issued an “accumulate” rating and a $88.00 target price for the company. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $85.62.

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

Shares of Lowe’s Companies, Inc. (NYSE LOW) opened at $80.22 on Friday. Lowe’s Companies, Inc. has a 12 month low of $67.77 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. The stock has a market capitalization of $67,144.14, a price-to-earnings ratio of 18.48, a price-to-earnings-growth ratio of 1.29 and a beta of 1.13.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (EPS) for the quarter, missing the Zacks’ 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 business had revenue of $19.50 billion during the quarter, compared to analysts’ expectations of $19.58 billion. During the same quarter in the previous year, the company posted $1.37 EPS. The company’s quarterly revenue was up 6.8% on a year-over-year basis. equities analysts expect that Lowe’s Companies, Inc. will post 4.5 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Tuesday, January 23rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.04%. Lowe’s Companies’s payout ratio is presently 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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