State of Wisconsin Investment Board boosted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 20.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,004,134 shares of the home improvement retailer’s stock after buying an additional 170,830 shares during the period. State of Wisconsin Investment Board owned about 0.12% of Lowe’s Companies worth $77,850,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. WASHINGTON TRUST Co raised its holdings in Lowe’s Companies by 1.8% during the 2nd quarter. WASHINGTON TRUST Co now owns 4,184 shares of the home improvement retailer’s stock worth $324,000 after buying an additional 75 shares during the period. Morningstar Investment Services LLC raised its holdings in Lowe’s Companies by 16.5% during the 2nd quarter. Morningstar Investment Services LLC now owns 716,554 shares of the home improvement retailer’s stock worth $55,554,000 after buying an additional 101,503 shares during the period. Wrapmanager Inc. acquired a new stake in Lowe’s Companies during the 2nd quarter worth about $365,000. Savant Capital LLC raised its holdings in Lowe’s Companies by 2.3% during the 2nd quarter. Savant Capital LLC now owns 4,186 shares of the home improvement retailer’s stock worth $325,000 after buying an additional 96 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Lowe’s Companies by 14.0% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 571,336 shares of the home improvement retailer’s stock worth $44,296,000 after buying an additional 70,200 shares during the period. Hedge funds and other institutional investors own 74.22% of the company’s stock.

Several research firms have issued reports on LOW. Deutsche Bank AG restated a “buy” rating and set a $90.00 price objective (up previously from $85.00) on shares of Lowe’s Companies in a report on Friday. Gordon Haskett began coverage on Lowe’s Companies in a report on Tuesday. They set an “accumulate” rating and a $88.00 price objective on the stock. Piper Jaffray Companies restated a “hold” rating and set a $80.00 price objective on shares of Lowe’s Companies in a report on Friday, September 29th. Jefferies Group LLC restated a “hold” rating and set a $75.00 price objective on shares of Lowe’s Companies in a report on Thursday, September 28th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $81.00 price objective on shares of Lowe’s Companies in a report on Monday, September 25th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $85.32.

Lowe’s Companies, Inc. (NYSE LOW) opened at 81.86 on Friday. Lowe’s Companies, Inc. has a 1-year low of $64.87 and a 1-year high of $86.25. The firm has a market capitalization of $68.17 billion, a price-to-earnings ratio of 23.24 and a beta of 1.07. The firm’s 50-day moving average price is $77.32 and its 200 day moving average price is $79.43.

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 analysts’ consensus estimates of $1.62 by ($0.05). Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. The business had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.58 billion. During the same period last year, the firm posted $1.37 EPS. Lowe’s Companies’s quarterly revenue was up 6.8% on a year-over-year basis. On average, analysts predict that Lowe’s Companies, Inc. will post $4.50 EPS for the current 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 dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, October 24th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.00%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 46.20%.

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

COPYRIGHT VIOLATION NOTICE: This news story was posted by Watch List News and is owned by of Watch List News. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & international copyright & trademark laws. The correct version of this news story can be viewed at https://www.watchlistnews.com/lowes-companies-inc-low-holdings-increased-by-state-of-wisconsin-investment-board/1614358.html.

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.

Want to see what other hedge funds are holding LOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lowe’s Companies, Inc. (NYSE:LOW).

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

Receive News & Ratings for Lowe's Companies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.