Brown Advisory Securities LLC increased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.6% during the first quarter, Holdings Channel reports. The firm owned 6,196 shares of the home improvement retailer’s stock after buying an additional 273 shares during the period. Brown Advisory Securities LLC’s holdings in Lowe’s Companies were worth $512,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of LOW. Vanguard Group Inc. increased its position in 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 worth $5,250,843,000 after buying an additional 2,650,045 shares during the period. BlackRock Inc. increased its position in Lowe’s Companies by 1,757.3% in the first quarter. BlackRock Inc. now owns 61,377,883 shares of the home improvement retailer’s stock worth $5,045,875,000 after buying an additional 58,073,138 shares during the period. Geode Capital Management LLC increased its position in Lowe’s Companies by 8.2% in the first quarter. Geode Capital Management LLC now owns 8,848,938 shares of the home improvement retailer’s stock worth $726,481,000 after buying an additional 671,581 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its position in Lowe’s Companies by 11.5% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 8,249,599 shares of the home improvement retailer’s stock worth $678,200,000 after buying an additional 852,426 shares during the period. Finally, OppenheimerFunds Inc. increased its position in Lowe’s Companies by 204.0% in the first quarter. OppenheimerFunds Inc. now owns 8,018,171 shares of the home improvement retailer’s stock worth $659,174,000 after buying an additional 5,380,759 shares during the period. 74.70% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Lowe’s Companies, Inc. (LOW) traded up 0.32% during mid-day trading on Friday, hitting $77.26. 3,090,052 shares of the company traded hands. Lowe’s Companies, Inc. has a 52-week low of $64.87 and a 52-week high of $86.25. The firm has a 50-day moving average price of $76.69 and a 200 day moving average price of $79.41. The firm has a market cap of $65.22 billion, a price-to-earnings ratio of 24.23 and a beta of 1.08.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, May 24th. The home improvement retailer reported $1.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.06 by $0.03. The company had revenue of $16.86 billion during 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 quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.87 EPS. Equities research analysts anticipate that Lowe’s Companies, Inc. will post $4.62 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 9th. Investors of record on Wednesday, July 26th were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date was Monday, July 24th. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.35. Lowe’s Companies’s dividend payout ratio is currently 51.57%.

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A number of research analysts recently commented on LOW shares. BMO Capital Markets reaffirmed a “buy” rating and issued a $89.00 target price on shares of Lowe’s Companies in a research report on Thursday, July 20th. Jefferies Group LLC increased their target price on shares of Lowe’s Companies from $80.00 to $94.00 and gave the company a “hold” rating in a research report on Friday, May 12th. Stifel Nicolaus dropped their target price on shares of Lowe’s Companies from $89.00 to $87.00 and set a “buy” rating on the stock in a research report on Thursday, May 25th. Zacks Investment Research downgraded shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Goldman Sachs Group, Inc. (The) dropped their target price on shares of Lowe’s Companies from $97.00 to $96.00 and set a “buy” rating on the stock in a research report on Thursday, May 25th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $85.23.

In related news, insider Richard D. Maltsbarger sold 11,672 shares of the stock in a transaction dated Tuesday, May 30th. The shares were 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 in the company, valued at approximately $3,024,823.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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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