DF Dent & Co. Inc. bought a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the first quarter, according to its most recent 13F filing with the SEC. The fund bought 2,489 shares of the home improvement retailer’s stock, valued at approximately $205,000.

Several other hedge funds also recently modified their holdings of the stock. Private Bank & Trust Co. raised its stake in shares of Lowe’s Companies by 6.1% in the first quarter. Private Bank & Trust Co. now owns 16,780 shares of the home improvement retailer’s stock worth $1,380,000 after buying an additional 972 shares in the last quarter. First Command Financial Services Inc. raised its stake in shares of Lowe’s Companies by 2.8% in the first quarter. First Command Financial Services Inc. now owns 5,600 shares of the home improvement retailer’s stock worth $461,000 after buying an additional 150 shares in the last quarter. ELM Advisors LLC bought a new stake in shares of Lowe’s Companies during the first quarter worth about $208,000. Honkamp Krueger Financial Services Inc. raised its stake 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 in the last quarter. Finally, Horrell Capital Management Inc. raised its stake 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 in the last quarter. 74.70% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies, Inc. (NYSE LOW) traded up 0.48% during trading on Friday, hitting $77.38. 622,110 shares of the stock traded hands. Lowe’s Companies, Inc. has a 12 month low of $64.87 and a 12 month high of $86.25. The company has a market cap of $65.33 billion, a P/E ratio of 24.26 and a beta of 1.08. The company’s 50 day moving average price is $76.72 and its 200 day moving average price is $79.37.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, May 24th. The home improvement retailer reported $1.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.06 by $0.03. The company had revenue of $16.86 billion during the quarter, compared to analyst estimates of $16.99 billion. Lowe’s Companies had a net margin of 4.22% and a return on equity of 56.78%. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.87 EPS. On average, equities research analysts anticipate that Lowe’s Companies, Inc. will post $4.62 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 9th. Stockholders of record on Wednesday, July 26th were issued a $0.41 dividend. The ex-dividend date of this dividend was Monday, July 24th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.13%. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.35. Lowe’s Companies’s payout ratio is presently 51.57%.

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A number of analysts have recently issued reports on the stock. Vetr lowered shares of Lowe’s Companies from a “hold” rating to a “sell” rating and set a $83.11 target price for the company. in a research note on Monday, May 8th. BMO Capital Markets reaffirmed a “buy” rating and issued a $89.00 price objective on shares of Lowe’s Companies in a research note on Friday, May 5th. Credit Suisse Group set a $94.00 price objective on shares of Lowe’s Companies and gave the stock a “buy” rating in a research note on Tuesday, May 2nd. Zacks Investment Research lowered shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, May 3rd. Finally, Jefferies Group LLC upped their price objective on shares of Lowe’s Companies from $80.00 to $94.00 and gave the stock a “hold” rating in a research note on Friday, May 12th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $85.23.

In other news, insider Richard D. Maltsbarger sold 11,672 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $80.20, for a total value of $936,094.40. Following the transaction, the insider now owns 37,716 shares of the company’s stock, valued at $3,024,823.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.11% of the company’s stock.

Lowe’s Companies Company Profile

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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