California State Teachers Retirement System lowered its position in Lowe’s Companies, Inc. (NYSE:LOW) by 11.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,584,735 shares of the home improvement retailer’s stock after selling 197,271 shares during the period. California State Teachers Retirement System owned 0.19% of Lowe’s Companies worth $122,865,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vantage Financial Partners Ltd. Inc. acquired a new position in Lowe’s Companies during the second quarter valued at approximately $233,000. SRS Capital Advisors Inc. grew its holdings 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 valued at $101,000 after purchasing an additional 5 shares during the last quarter. Harbour Capital Advisors LLC acquired a new position in Lowe’s Companies during the first quarter valued at approximately $103,000. IHT Wealth Management LLC grew its holdings in Lowe’s Companies by 8.7% during the second quarter. IHT Wealth Management LLC now owns 1,368 shares of the home improvement retailer’s stock valued at $154,000 after purchasing an additional 110 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in Lowe’s Companies by 8.3% during the second quarter. State of Alaska Department of Revenue now owns 1,440 shares of the home improvement retailer’s stock valued at $111,000 after purchasing an additional 110 shares during the last quarter. Hedge funds and other institutional investors own 74.00% of the company’s stock.

LOW has been the topic of several analyst reports. BidaskClub upgraded Lowe’s Companies from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 2nd. Zacks Investment Research cut Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Longbow Research reissued a “buy” rating and issued a $95.00 price objective on shares of Lowe’s Companies in a research report on Monday, August 14th. BTIG Research reissued a “buy” rating and issued a $95.00 price objective on shares of Lowe’s Companies in a research report on Friday, August 18th. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $94.00 price objective on shares of Lowe’s Companies in a research report on Monday, August 21st. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and fifteen have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $87.04.

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

Lowe’s Companies, Inc. (NYSE:LOW) opened at $79.57 on Friday. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.19 and a current ratio of 1.02. Lowe’s Companies, Inc. has a 12 month low of $69.92 and a 12 month high of $86.25. The stock has a market capitalization of $66,114.36, a price-to-earnings ratio of 17.64, a price-to-earnings-growth ratio of 1.28 and a beta of 1.13.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.03. Lowe’s Companies had a return on equity of 66.27% and a net margin of 5.16%. The firm had revenue of $16.77 billion during the quarter, compared to analyst estimates of $16.59 billion. During the same period in the prior year, the company posted $0.88 earnings per share. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. equities analysts anticipate that Lowe’s Companies, Inc. will post 4.5 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, January 23rd. This represents a $1.64 annualized dividend and a yield of 2.06%. Lowe’s Companies’s dividend payout ratio is currently 39.33%.

Lowe’s Companies 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.

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

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