Trexquant Investment LP decreased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 30.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,300 shares of the home improvement retailer’s stock after selling 9,200 shares during the quarter. Lowe’s Companies makes up 0.5% of Trexquant Investment LP’s portfolio, making the stock its 13th biggest position. Trexquant Investment LP’s holdings in Lowe’s Companies were worth $1,651,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in LOW. Vanguard Group Inc. grew its stake in 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 valued at $5,250,843,000 after purchasing an additional 2,650,045 shares in the last quarter. BlackRock Inc. increased its holdings in Lowe’s Companies by 1,757.3% during the 1st quarter. BlackRock Inc. now owns 61,377,883 shares of the home improvement retailer’s stock worth $5,045,875,000 after purchasing an additional 58,073,138 shares during the last quarter. Geode Capital Management LLC increased its holdings in Lowe’s Companies by 8.2% during the 1st quarter. Geode Capital Management LLC now owns 8,848,938 shares of the home improvement retailer’s stock worth $726,481,000 after purchasing an additional 671,581 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Lowe’s Companies by 11.5% during the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 8,249,599 shares of the home improvement retailer’s stock worth $678,200,000 after purchasing an additional 852,426 shares during the last quarter. Finally, OppenheimerFunds Inc. increased its holdings in Lowe’s Companies by 204.0% during the 1st quarter. OppenheimerFunds Inc. now owns 8,018,171 shares of the home improvement retailer’s stock worth $659,174,000 after purchasing an additional 5,380,759 shares during the last quarter. Institutional investors and hedge funds own 74.22% of the company’s stock.

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Shares of Lowe’s Companies, Inc. (LOW) opened at 79.94 on Monday. The company has a 50-day moving average price of $76.25 and a 200 day moving average price of $79.59. Lowe’s Companies, Inc. has a 52-week low of $64.87 and a 52-week high of $86.25. The firm has a market capitalization of $66.57 billion, a PE ratio of 22.70 and a beta of 1.07.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.62 by ($0.05). Lowe’s Companies had a net margin of 4.51% and a return on equity of 62.02%. The company had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.58 billion. During the same period in the previous year, the business posted $1.37 earnings per share. The firm’s revenue was up 6.8% compared to the same quarter last year. Analysts expect that Lowe’s Companies, Inc. will post $4.50 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Wednesday, October 25th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Tuesday, October 24th. Lowe’s Companies’s payout ratio is 46.20%.

In related news, SVP Matthew V. Hollifield sold 7,853 shares of Lowe’s Companies stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $78.30, for a total transaction of $614,889.90. Following the completion of the transaction, the senior vice president now directly owns 30,750 shares of the company’s stock, valued at approximately $2,407,725. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul D. Ramsay sold 2,098 shares of Lowe’s Companies stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $78.02, for a total transaction of $163,685.96. Following the transaction, the insider now directly owns 8,400 shares of the company’s stock, valued at $655,368. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by corporate insiders.

LOW has been the topic of a number of recent analyst reports. Jefferies Group LLC reaffirmed a “hold” rating and issued a $75.00 target price on shares of Lowe’s Companies in a research report on Thursday. Royal Bank Of Canada reissued a “buy” rating and set a $81.00 price target on shares of Lowe’s Companies in a research report on Monday, September 25th. Zacks Investment Research raised shares of Lowe’s Companies from a “sell” rating to a “hold” rating in a research report on Thursday, September 21st. Bank of America Corporation began coverage on shares of Lowe’s Companies in a research note on Tuesday, September 5th. They issued a “buy” rating and a $95.00 price target for the company. Finally, J P Morgan Chase & Co restated a “neutral” rating and issued a $83.00 price target (down previously from $89.00) on shares of Lowe’s Companies in a research note on Thursday, August 24th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $85.00.

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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