Riverview Trust Co increased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.9% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 4,805 shares of the home improvement retailer’s stock after purchasing an additional 135 shares during the quarter. Riverview Trust Co’s holdings in Lowe’s Companies were worth $526,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LOW. Arlington Partners LLC grew its stake in shares of Lowe’s Companies by 7.6% in the first quarter. Arlington Partners LLC now owns 1,301 shares of the home improvement retailer’s stock valued at $142,000 after buying an additional 92 shares in the last quarter. Bollard Group LLC grew its stake in shares of Lowe’s Companies by 0.5% in the fourth quarter. Bollard Group LLC now owns 21,022 shares of the home improvement retailer’s stock valued at $1,942,000 after buying an additional 103 shares in the last quarter. Howe & Rusling Inc. grew its stake in shares of Lowe’s Companies by 13.3% in the fourth quarter. Howe & Rusling Inc. now owns 938 shares of the home improvement retailer’s stock valued at $87,000 after buying an additional 110 shares in the last quarter. Vaughan David Investments LLC IL grew its stake in shares of Lowe’s Companies by 2.1% in the fourth quarter. Vaughan David Investments LLC IL now owns 5,869 shares of the home improvement retailer’s stock valued at $542,000 after buying an additional 118 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. grew its stake in shares of Lowe’s Companies by 1.6% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 7,386 shares of the home improvement retailer’s stock valued at $682,000 after buying an additional 118 shares in the last quarter. Hedge funds and other institutional investors own 75.65% of the company’s stock.

A number of equities research analysts have recently issued reports on LOW shares. Credit Suisse Group set a $99.00 target price on Lowe’s Companies and gave the company a “hold” rating in a research note on Tuesday, December 11th. Loop Capital set a $125.00 price target on Lowe’s Companies and gave the company a “buy” rating in a report on Wednesday, December 12th. Robert W. Baird increased their price target on Lowe’s Companies from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, December 13th. Wells Fargo & Co increased their price target on Lowe’s Companies from $105.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, December 13th. Finally, SunTrust Banks increased their price target on Lowe’s Companies to $128.00 and gave the company a “buy” rating in a report on Thursday, December 13th. Eight analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $114.13.

Shares of NYSE LOW opened at $113.14 on Wednesday. The company has a market capitalization of $90.05 billion, a P/E ratio of 22.01, a P/E/G ratio of 1.34 and a beta of 1.27. Lowe’s Companies, Inc. has a 12-month low of $81.16 and a 12-month high of $117.70. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.11 and a current ratio of 0.98.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, February 27th. The home improvement retailer reported $0.80 earnings per share (EPS) for the quarter, hitting the 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 return on equity of 80.91% and a net margin of 3.24%. The business’s revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the business posted $0.74 EPS. On average, research analysts forecast that Lowe’s Companies, Inc. will post 6.06 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.70%. The ex-dividend date is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio is currently 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.

Further Reading: Call Option Volume

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

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