Carroll Financial Associates Inc. raised its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,926 shares of the home improvement retailer’s stock after purchasing an additional 1,176 shares during the quarter. Carroll Financial Associates Inc.’s holdings in Lowe’s Companies were worth $5,137,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. boosted its holdings in Lowe’s Companies by 0.7% during the 4th quarter. BlackRock Inc. now owns 53,503,078 shares of the home improvement retailer’s stock worth $4,941,544,000 after acquiring an additional 371,008 shares during the last quarter. FMR LLC boosted its holdings in Lowe’s Companies by 9.2% during the 4th quarter. FMR LLC now owns 23,893,923 shares of the home improvement retailer’s stock worth $2,206,843,000 after acquiring an additional 2,014,183 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Lowe’s Companies by 8,621.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 17,673,178 shares of the home improvement retailer’s stock worth $191,000 after acquiring an additional 17,470,536 shares during the last quarter. Lunia Capital LP boosted its holdings in Lowe’s Companies by 18,944.2% during the 4th quarter. Lunia Capital LP now owns 15,741,007 shares of the home improvement retailer’s stock worth $15,741,000 after acquiring an additional 15,658,352 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Lowe’s Companies by 1.3% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 14,171,980 shares of the home improvement retailer’s stock worth $1,308,924,000 after acquiring an additional 182,823 shares during the last quarter. Institutional investors and hedge funds own 76.33% of the company’s stock.

A number of research firms have issued reports on LOW. Morgan Stanley lifted their price objective on shares of Lowe’s Companies from $115.00 to $123.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Citigroup boosted their price target on shares of Lowe’s Companies from $125.00 to $127.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Evercore ISI began coverage on shares of Lowe’s Companies in a report on Wednesday, March 20th. They issued an “outperform” rating and a $120.00 price target on the stock. Wells Fargo & Co boosted their price target on shares of Lowe’s Companies from $110.00 to $120.00 in a report on Thursday, February 28th. Finally, KeyCorp boosted their price target on shares of Lowe’s Companies from $115.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, February 28th. Eight equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $114.52.

Shares of NYSE:LOW opened at $113.74 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.11 and a debt-to-equity ratio of 3.95. The stock has a market capitalization of $90.53 billion, a P/E ratio of 22.13, a P/E/G ratio of 1.32 and a beta of 1.27. Lowe’s Companies, Inc. has a fifty-two week low of $81.16 and a fifty-two week high of $118.23.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, February 27th. The home improvement retailer reported $0.80 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.80. The business had revenue of $15.65 billion for the quarter, compared to the consensus estimate of $15.75 billion. Lowe’s Companies had a net margin of 3.24% and a return on equity of 80.91%. The company’s revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.74 earnings per share. On average, analysts expect that Lowe’s Companies, Inc. will post 6.06 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.69%. The ex-dividend date is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 37.35%.

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About Lowe’s Companies

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.

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

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