North Star Asset Management Inc. reduced its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 96,598 shares of the home improvement retailer’s stock after selling 350 shares during the period. North Star Asset Management Inc.’s holdings in Lowe’s Companies were worth $7,941,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Doyle Wealth Management acquired a new position in shares of Lowe’s Companies during the first quarter worth about $362,000. Tompkins Financial Corp increased its position in shares of Lowe’s Companies by 21.5% in the first quarter. Tompkins Financial Corp now owns 15,026 shares of the home improvement retailer’s stock worth $1,138,000 after buying an additional 2,655 shares during the period. Atria Investments LLC increased its position in shares of Lowe’s Companies by 23.1% in the first quarter. Atria Investments LLC now owns 11,782 shares of the home improvement retailer’s stock worth $969,000 after buying an additional 2,213 shares during the period. BKD Wealth Advisors LLC increased its position in shares of Lowe’s Companies by 7.3% in the first quarter. BKD Wealth Advisors LLC now owns 8,489 shares of the home improvement retailer’s stock worth $698,000 after buying an additional 581 shares during the period. Finally, Winslow Evans & Crocker Inc. increased its position in shares of Lowe’s Companies by 11.1% in the first quarter. Winslow Evans & Crocker Inc. now owns 3,494 shares of the home improvement retailer’s stock worth $287,000 after buying an additional 350 shares during the period. Hedge funds and other institutional investors own 74.65% of the company’s stock.

Lowe’s Companies, Inc. (LOW) traded down 3.2524% during mid-day trading on Tuesday, hitting $75.1922. The company’s stock had a trading volume of 3,105,181 shares. The stock has a market cap of $63.48 billion, a P/E ratio of 23.5786 and a beta of 1.08. The company’s 50 day moving average is $76.74 and its 200-day moving average is $79.53. Lowe’s Companies, Inc. has a 52-week low of $64.87 and a 52-week high of $86.25.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 9th. Stockholders of record on Wednesday, July 26th were paid a $0.41 dividend. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.35. The ex-dividend date was Monday, July 24th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.11%. Lowe’s Companies’s dividend payout ratio is 51.57%.

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A number of brokerages have issued reports on LOW. Vetr downgraded Lowe’s Companies from a “hold” rating to a “sell” rating and set a $83.11 price objective for the company. in a research note on Monday, May 8th. BMO Capital Markets restated 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 Lowe’s Companies and gave the company a “buy” rating in a research note on Tuesday, May 2nd. Zacks Investment Research downgraded 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 Lowe’s Companies from $80.00 to $94.00 and gave the company a “hold” rating in a research note on Friday, May 12th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $85.63.

In other news, insider Richard D. Maltsbarger sold 11,672 shares of the company’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $80.20, for a total value of $936,094.40. Following the completion of 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 accessible through this hyperlink. Corporate insiders own 0.11% of the company’s stock.

About Lowe’s Companies

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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