Bridges Investment Management Inc. raised its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.6% during the second quarter, according to its most recent filing with the SEC. The fund owned 35,350 shares of the home improvement retailer’s stock after buying an additional 198 shares during the period. Bridges Investment Management Inc.’s holdings in Lowe’s Companies were worth $2,740,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. First National Bank of Omaha raised its position in Lowe’s Companies by 8.2% in the first quarter. First National Bank of Omaha now owns 5,936 shares of the home improvement retailer’s stock valued at $488,000 after buying an additional 450 shares in the last quarter. TNB Financial acquired a new position in shares of Lowe’s Companies during the first quarter worth $970,000. Horrell Capital Management Inc. raised its position in shares of Lowe’s Companies by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,406 shares of the home improvement retailer’s stock worth $2,253,000 after buying an additional 100 shares during the period. Honkamp Krueger Financial Services Inc. raised its position in shares of Lowe’s Companies by 9.3% in the first quarter. Honkamp Krueger Financial Services Inc. now owns 6,752 shares of the home improvement retailer’s stock worth $555,000 after buying an additional 574 shares during the period. Finally, ELM Advisors LLC acquired a new position in shares of Lowe’s Companies during the first quarter worth $208,000. Hedge funds and other institutional investors own 74.65% of the company’s stock.

Lowe’s Companies, Inc. (NYSE LOW) traded down 3.262% during trading on Tuesday, hitting $75.185. The stock had a trading volume of 4,398,898 shares. The firm has a 50 day moving average of $76.74 and a 200-day moving average of $79.53. The company has a market cap of $63.47 billion, a P/E ratio of 23.576 and a beta of 1.08. Lowe’s Companies, Inc. has a one year low of $64.87 and a one year high of $86.25.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, May 24th. The home improvement retailer reported $1.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by $0.03. Lowe’s Companies had a net margin of 4.22% and a return on equity of 56.78%. The firm had revenue of $16.86 billion during the quarter, compared to analysts’ expectations of $16.99 billion. During the same quarter in the prior year, the firm posted $0.87 EPS. Lowe’s Companies’s quarterly revenue was up 10.7% compared to the same quarter last year. Equities analysts anticipate that Lowe’s Companies, Inc. will post $4.62 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 9th. Shareholders of record on Wednesday, July 26th were issued a dividend of $0.41 per share. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Monday, July 24th. This represents a $1.64 annualized dividend and a yield of 2.11%. Lowe’s Companies’s dividend payout ratio is 51.57%.

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A number of brokerages have weighed in on LOW. Oppenheimer Holdings, Inc. set a $100.00 target price on Lowe’s Companies and gave the stock a “buy” rating in a research report on Wednesday, May 24th. Wolfe Research reissued an “outperform” rating and issued a $94.00 target price (down previously from $95.00) on shares of Lowe’s Companies in a research report on Sunday, May 28th. Sanford C. Bernstein reissued an “underperform” rating and issued a $69.00 target price on shares of Lowe’s Companies in a research report on Wednesday, July 12th. BidaskClub raised Lowe’s Companies from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, 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 report on Friday. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have assigned a buy rating to the stock. Lowe’s Companies has a consensus rating of “Hold” and a consensus price target of $85.63.

In other Lowe’s Companies news, insider Richard D. Maltsbarger sold 11,672 shares of the company’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $80.20, for a total transaction of $936,094.40. Following the sale, the insider now owns 37,716 shares in the company, valued at approximately $3,024,823.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.11% of the stock is owned by corporate insiders.

About Lowe’s Companies

Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.

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

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