Swiss National Bank decreased its holdings in Lowe's Companies, Inc. (NYSE:LOW) by 0.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,157,248 shares of the home improvement retailer’s stock after selling 21,000 shares during the quarter. Swiss National Bank owned approximately 377,210.04% of Lowe's Companies worth $252,390,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Lowe's Companies by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 63,871,103 shares of the home improvement retailer’s stock worth $5,250,843,000 after purchasing an additional 2,650,045 shares during the period. Sumitomo Mitsui Asset Management Company LTD grew its holdings in shares of Lowe's Companies by 11.8% during the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 105,471 shares of the home improvement retailer’s stock worth $8,177,000 after purchasing an additional 11,119 shares during the period. Blue Edge Capital LLC purchased a new stake in shares of Lowe's Companies during the 1st quarter worth about $727,000. Summit Global Investments purchased a new stake in shares of Lowe's Companies during the 2nd quarter worth about $1,421,000. Finally, Ffcm LLC grew its holdings in shares of Lowe's Companies by 6.4% during the 2nd quarter. Ffcm LLC now owns 30,895 shares of the home improvement retailer’s stock worth $2,395,000 after purchasing an additional 1,853 shares during the period. Institutional investors own 73.40% of the company’s stock.

In other Lowe's Companies news, insider Nelson B. Peace sold 3,352 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $80.20, for a total value of $268,830.40. Following the transaction, the insider now directly owns 4,650 shares of the company’s stock, valued at approximately $372,930. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Paul D. Ramsay sold 2,098 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $78.02, for a total value of $163,685.96. Following the completion of the transaction, the insider now directly owns 8,400 shares in the company, valued at $655,368. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,303 shares of company stock worth $1,047,406. 0.11% of the stock is currently owned by corporate insiders.

LOW has been the subject of a number of research reports. Credit Suisse Group reiterated an “outperform” rating and set a $94.00 target price on shares of Lowe's Companies in a report on Monday, August 21st. They noted that the move was a valuation call. Oppenheimer set a $100.00 target price on Lowe's Companies and gave the stock a “buy” rating in a report on Wednesday, August 23rd. BMO Capital Markets cut Lowe's Companies from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $89.00 to $82.00 in a report on Wednesday, August 23rd. Royal Bank of Canada decreased their price target on Lowe's Companies from $85.00 to $81.00 and set an “outperform” rating for the company in a report on Thursday, August 24th. Finally, Robert W. Baird set a $87.00 price target on Lowe's Companies and gave the stock a “buy” rating in a report on Thursday, August 24th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seventeen have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $87.66.

Lowe's Companies, Inc. (LOW) opened at $86.69 on Monday. Lowe's Companies, Inc. has a 52-week low of $70.49 and a 52-week high of $88.55. The stock has a market capitalization of $71,919.54, a P/E ratio of 19.22, a price-to-earnings-growth ratio of 1.31 and a beta of 1.15. The company has a debt-to-equity ratio of 2.71, a current ratio of 1.02 and a quick ratio of 0.12.

Lowe's Companies (NYSE:LOW) last announced its earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $16.77 billion for the quarter, compared to analyst estimates of $16.59 billion. During the same period in the prior year, the company posted $0.88 EPS. Lowe's Companies’s quarterly revenue was up 6.6% on a year-over-year basis. equities research analysts anticipate that Lowe's Companies, Inc. will post 4.51 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Tuesday, January 23rd. Lowe's Companies’s payout ratio is 39.33%.

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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.

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

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