IHT Wealth Management LLC lifted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 8.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,368 shares of the home improvement retailer’s stock after purchasing an additional 110 shares during the quarter. IHT Wealth Management LLC’s holdings in Lowe’s Companies were worth $154,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. lifted its position 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 acquiring an additional 58,073,138 shares during the period. OppenheimerFunds Inc. lifted its position 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 acquiring an additional 5,380,759 shares during the period. FMR LLC lifted its position in Lowe’s Companies by 62.6% during the 2nd quarter. FMR LLC now owns 9,694,439 shares of the home improvement retailer’s stock worth $751,610,000 after acquiring an additional 3,732,153 shares during the period. Janus Henderson Group PLC lifted its position in Lowe’s Companies by 1,457.8% during the 2nd quarter. Janus Henderson Group PLC now owns 3,787,825 shares of the home improvement retailer’s stock worth $293,669,000 after acquiring an additional 3,544,665 shares during the period. Finally, Vanguard Group Inc. lifted its position 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 worth $5,250,843,000 after acquiring an additional 2,650,045 shares during the period. 74.00% of the stock is owned by hedge funds and other institutional investors.

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In other news, SVP Matthew V. Hollifield sold 7,853 shares of Lowe’s Companies 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 completion of the sale, the senior vice president now owns 30,750 shares of the company’s stock, valued at $2,407,725. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Paul D. Ramsay sold 2,098 shares of Lowe’s Companies stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $78.02, for a total value of $163,685.96. Following the completion of the sale, the insider now directly owns 8,400 shares of the company’s stock, valued at approximately $655,368. The disclosure for this sale can be found here. 0.11% of the stock is owned by insiders.

LOW has been the subject of a number of recent research reports. Deutsche Bank AG reaffirmed a “buy” rating and set a $90.00 price objective (up from $85.00) on shares of Lowe’s Companies in a research report on Friday, October 6th. Longbow Research reissued a “buy” rating and issued a $95.00 price target on shares of Lowe’s Companies in a report on Monday, August 14th. Zacks Investment Research cut Lowe’s Companies from a “hold” rating to a “sell” rating in a report on Monday, August 28th. BidaskClub raised Lowe’s Companies from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $94.00 price target on shares of Lowe’s Companies in a report on Monday, August 21st. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have issued a buy rating to the stock. Lowe’s Companies has an average rating of “Hold” and an average price target of $86.97.

Lowe’s Companies, Inc. (NYSE LOW) opened at $79.56 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.19 and a debt-to-equity ratio of 2.71. The firm has a market capitalization of $67,453.83, a price-to-earnings ratio of 17.87, a price-to-earnings-growth ratio of 1.28 and a beta of 1.13. Lowe’s Companies, Inc. has a 1 year low of $69.92 and a 1 year high of $86.25.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.03. The company had revenue of $16.77 billion during the quarter, compared to the consensus estimate of $16.59 billion. Lowe’s Companies had a return on equity of 66.27% and a net margin of 5.16%. Lowe’s Companies’s revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.88 earnings per share. sell-side analysts forecast that Lowe’s Companies, Inc. will post 4.54 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 7th. Stockholders of record on Wednesday, January 24th will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Tuesday, January 23rd. Lowe’s Companies’s dividend payout ratio is currently 39.33%.

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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