Laurion Capital Management LP lessened its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 87.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 104,238 shares of the home improvement retailer’s stock after selling 698,461 shares during the period. Laurion Capital Management LP’s holdings in Lowe’s Companies were worth $8,082,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Vantage Financial Partners Ltd. Inc. purchased a new position in shares of Lowe’s Companies in the 2nd quarter valued at $233,000. SRS Capital Advisors Inc. raised its stake in shares of Lowe’s Companies by 0.4% in the 1st quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock valued at $101,000 after acquiring an additional 5 shares during the period. Harbour Capital Advisors LLC purchased a new position in shares of Lowe’s Companies in the 1st quarter valued at $103,000. Hanson McClain Inc. raised its stake in shares of Lowe’s Companies by 3.5% in the 1st quarter. Hanson McClain Inc. now owns 1,337 shares of the home improvement retailer’s stock valued at $110,000 after acquiring an additional 45 shares during the period. Finally, State of Alaska Department of Revenue raised its stake in shares of Lowe’s Companies by 8.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 1,440 shares of the home improvement retailer’s stock valued at $111,000 after acquiring an additional 110 shares during the period. 74.35% of the stock is currently owned by institutional investors and hedge funds.

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Lowe’s Companies, Inc. (LOW) opened at $77.41 on Tuesday. Lowe’s Companies, Inc. has a fifty-two week low of $64.87 and a fifty-two week high of $86.25. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.03 and a quick ratio of 0.19. The company has a market cap of $65,219.04, a PE ratio of 17.95, a PEG ratio of 1.27 and a beta of 1.13.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($0.05). Lowe’s Companies had a net margin of 4.51% and a return on equity of 62.02%. The business had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.58 billion. During the same period last year, the firm posted $1.37 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. analysts anticipate that Lowe’s Companies, Inc. will post 4.51 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Wednesday, October 25th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend is Tuesday, October 24th. Lowe’s Companies’s dividend payout ratio (DPR) is presently 46.20%.

A number of brokerages have recently commented on LOW. Robert W. Baird set a $87.00 target price on shares of Lowe’s Companies and gave the company a “buy” rating in a research note on Tuesday, October 31st. KeyCorp began coverage on shares of Lowe’s Companies in a research note on Monday. They issued an “overweight” rating on the stock. Longbow Research reissued a “buy” rating and issued a $95.00 target price 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. Finally, Zacks Investment Research raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research note on Wednesday, November 1st. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $85.21.

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

Lowe’s Companies Company 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.

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

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