Waters Parkerson & CO. LLC reduced its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,890 shares of the home improvement retailer’s stock after selling 1,077 shares during the period. Waters Parkerson & CO. LLC’s holdings in Lowe’s Companies were worth $6,814,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Lowe’s Companies by 4.3% in the first quarter. Vanguard Group Inc. now owns 63,871,103 shares of the home improvement retailer’s stock valued at $5,250,843,000 after purchasing an additional 2,650,045 shares during the period. Blue Edge Capital LLC acquired a new position in shares of Lowe’s Companies in the first quarter valued at about $727,000. Sumitomo Mitsui Asset Management Company LTD increased its holdings in shares of Lowe’s Companies by 11.8% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 105,471 shares of the home improvement retailer’s stock valued at $8,177,000 after purchasing an additional 11,119 shares during the period. Summit Global Investments acquired a new position in shares of Lowe’s Companies in the second quarter valued at about $1,421,000. Finally, Ffcm LLC increased its holdings in shares of Lowe’s Companies by 6.4% in the second quarter. Ffcm LLC now owns 30,895 shares of the home improvement retailer’s stock valued at $2,395,000 after purchasing an additional 1,853 shares during the period. 74.38% of the stock is currently owned by institutional investors.

LOW has been the topic of a number of research reports. Bank of America Corporation initiated coverage on Lowe’s Companies in a report on Tuesday, September 5th. They issued a “buy” rating and a $95.00 price objective on the stock. Zacks Investment Research lowered Lowe’s Companies from a “hold” rating to a “sell” rating in a report on Monday, August 28th. Stifel Nicolaus reissued a “buy” rating and issued a $87.00 price objective on shares of Lowe’s Companies in a report on Friday, July 21st. Oppenheimer Holdings, Inc. set a $100.00 target price on Lowe’s Companies and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. Finally, Deutsche Bank AG restated a “buy” rating and issued a $90.00 target price (up previously from $85.00) on shares of Lowe’s Companies in a research note on Friday, October 6th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Lowe’s Companies presently has an average rating of “Hold” and an average target price of $85.62.

In other Lowe’s Companies news, insider Paul D. Ramsay sold 2,098 shares of the firm’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 sale, the insider now owns 8,400 shares of the company’s stock, valued at $655,368. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Matthew V. Hollifield sold 7,853 shares of the firm’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 sale, 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 owned by company insiders.

Shares of Lowe’s Companies, Inc. (NYSE:LOW) opened at $77.53 on Tuesday. Lowe’s Companies, Inc. has a fifty-two week low of $65.12 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 capitalization of $64,859.13, a P/E ratio of 17.85, a P/E/G ratio of 1.26 and a beta of 1.13.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.05). The business had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.58 billion. Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. Lowe’s Companies’s revenue was up 6.8% compared to the same quarter last year. During the same period last year, the business earned $1.37 EPS. research analysts forecast that Lowe’s Companies, Inc. will post 4.5 EPS 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 paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, January 23rd. This represents a $1.64 annualized dividend and a yield of 2.12%. Lowe’s Companies’s dividend payout ratio (DPR) is 46.20%.

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About Lowe’s Companies

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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