Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 112.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 51,092 shares of the home improvement retailer’s stock after acquiring an additional 27,045 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Lowe’s Companies were worth $3,955,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of 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 purchasing an additional 2,650,045 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD grew its position in shares of Lowe’s Companies by 11.8% during the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 105,471 shares of the home improvement retailer’s stock worth $8,177,000 after purchasing an additional 11,119 shares in the last quarter. Blue Edge Capital LLC acquired a new position in shares of Lowe’s Companies during the 1st quarter worth approximately $727,000. Dimensional Fund Advisors LP grew its position in shares of Lowe’s Companies by 2.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,425,597 shares of the home improvement retailer’s stock worth $199,407,000 after purchasing an additional 60,109 shares in the last quarter. Finally, KCG Holdings Inc. grew its position in shares of Lowe’s Companies by 170.7% during the 1st quarter. KCG Holdings Inc. now owns 69,485 shares of the home improvement retailer’s stock worth $5,712,000 after purchasing an additional 43,815 shares in the last quarter. 74.11% of the stock is currently owned by hedge funds and other institutional investors.

In related news, SVP Matthew V. Hollifield sold 7,853 shares of the stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $78.30, for a total value of $614,889.90. Following the completion of the transaction, the senior vice president now directly owns 30,750 shares in the company, valued at approximately $2,407,725. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paul D. Ramsay sold 2,098 shares of the stock in a transaction dated 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 transaction, the insider now 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 owned by company insiders.

Shares of Lowe’s Companies, Inc. (NYSE:LOW) opened at 81.20 on Tuesday. Lowe’s Companies, Inc. has a 12-month low of $64.87 and a 12-month high of $86.25. The firm has a market capitalization of $67.62 billion, a PE ratio of 23.06 and a beta of 1.07. The firm has a 50-day moving average of $78.58 and a 200-day moving average of $79.37.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 8th. Investors of record on Wednesday, October 25th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Tuesday, October 24th. This represents a $1.64 annualized dividend and a dividend yield of 2.02%. Lowe’s Companies’s payout ratio is 46.20%.

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A number of research analysts have issued reports on LOW shares. Gordon Haskett started coverage on shares of Lowe’s Companies in a research report on Tuesday, October 3rd. They set an “accumulate” rating and a $88.00 target price on the stock. Oppenheimer Holdings, Inc. set a $100.00 target price on shares of Lowe’s Companies and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. BMO Capital Markets restated a “buy” rating and set a $89.00 target price on shares of Lowe’s Companies in a research report on Thursday, July 20th. Stifel Nicolaus restated a “buy” rating and set a $87.00 target price on shares of Lowe’s Companies in a research report on Friday, July 21st. Finally, BTIG Research restated a “buy” rating and set a $95.00 target price on shares of Lowe’s Companies in a research report on Friday, August 18th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $85.32.

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.

Institutional Ownership by Quarter for Lowe`s Companies (NYSE:LOW)

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