Tower Bridge Advisors increased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,512 shares of the home improvement retailer’s stock after buying an additional 400 shares during the period. Tower Bridge Advisors’ holdings in Lowe’s Companies were worth $2,443,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of LOW. Oakbrook Investments LLC boosted its stake in shares of Lowe’s Companies by 9.0% in the first quarter. Oakbrook Investments LLC now owns 67,516 shares of the home improvement retailer’s stock worth $5,550,000 after buying an additional 5,600 shares in the last quarter. City Holding Co. boosted its stake in shares of Lowe’s Companies by 2.3% in the first quarter. City Holding Co. now owns 48,265 shares of the home improvement retailer’s stock worth $3,968,000 after buying an additional 1,065 shares in the last quarter. Rothschild Investment Corp IL boosted its stake in shares of Lowe’s Companies by 0.9% in the first quarter. Rothschild Investment Corp IL now owns 26,762 shares of the home improvement retailer’s stock worth $2,200,000 after buying an additional 230 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Lowe’s Companies during the first quarter worth approximately $109,000. Finally, Retirement Systems of Alabama boosted its stake in shares of Lowe’s Companies by 0.7% in the first quarter. Retirement Systems of Alabama now owns 948,409 shares of the home improvement retailer’s stock worth $77,969,000 after buying an additional 6,325 shares in the last quarter. Institutional investors own 72.91% of the company’s stock.

Lowe’s Companies, Inc. (NYSE LOW) opened at 73.91 on Thursday. The company’s 50-day moving average is $75.99 and its 200 day moving average is $79.50. Lowe’s Companies, Inc. has a 1-year low of $64.87 and a 1-year high of $86.25. The stock has a market capitalization of $61.86 billion, a PE ratio of 20.99 and a beta of 1.08.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 8th. Investors of record on Wednesday, October 25th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date is Tuesday, October 24th. Lowe’s Companies’s dividend payout ratio is presently 46.20%.

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A number of brokerages have commented on LOW. Zacks Investment Research cut shares of Lowe’s Companies from a “hold” rating to a “sell” rating in a report on Monday. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $83.00 target price (down from $89.00) on shares of Lowe’s Companies in a report on Thursday, August 24th. Jefferies Group LLC reaffirmed a “hold” rating and set a $75.00 target price (down from $89.00) on shares of Lowe’s Companies in a report on Thursday, August 24th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $80.00 target price (down from $83.00) on shares of Lowe’s Companies in a report on Thursday, August 24th. Finally, Morgan Stanley reduced their target price on shares of Lowe’s Companies from $88.00 to $81.00 and set an “overweight” rating for the company in a report on Thursday, August 24th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company. Lowe’s Companies presently has a consensus rating of “Hold” and an average target price of $84.57.

About Lowe’s Companies

Lowe’s Companies, Inc (Lowe’s) is a FORTUNE 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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