Boston Partners cut its stake in shares of Lowe's Companies, Inc. (NYSE:LOW) by 20.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 848,389 shares of the home improvement retailer’s stock after selling 215,781 shares during the quarter. Boston Partners owned about 0.10% of Lowe's Companies worth $67,820,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of LOW. BlackRock Inc. boosted its position in shares of Lowe's Companies by 1,757.3% in the 1st 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 in the last quarter. FMR LLC boosted its position in shares of Lowe's Companies by 62.6% in the 2nd quarter. FMR LLC now owns 9,694,439 shares of the home improvement retailer’s stock worth $751,610,000 after buying an additional 3,732,153 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Lowe's Companies by 1,457.8% in 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 buying an additional 3,544,665 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Lowe's Companies by 4.3% in 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 buying an additional 2,650,045 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in shares of Lowe's Companies by 94.1% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 3,482,003 shares of the home improvement retailer’s stock worth $269,960,000 after buying an additional 1,688,392 shares in the last quarter. 73.40% of the stock is currently owned by institutional investors and hedge funds.

Lowe's Companies, Inc. (NYSE LOW) opened at $86.69 on Friday. The firm has a market cap of $71,919.54, a PE ratio of 19.22, a PEG ratio of 1.31 and a beta of 1.15. Lowe's Companies, Inc. has a 1-year low of $70.49 and a 1-year high of $88.55. The company has a current ratio of 1.02, a quick ratio of 0.12 and a debt-to-equity ratio of 2.71.

Lowe's Companies (NYSE:LOW) last announced its quarterly earnings data on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.03. The business had revenue of $16.77 billion for the quarter, compared to analyst estimates of $16.59 billion. Lowe's Companies had a net margin of 5.16% and a return on equity of 66.27%. The company’s revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.88 EPS. research analysts anticipate that Lowe's Companies, Inc. will post 4.51 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Investors of record on Wednesday, January 24th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Tuesday, January 23rd. Lowe's Companies’s dividend payout ratio (DPR) is presently 39.33%.

In other Lowe's Companies news, SVP Matthew V. Hollifield sold 7,853 shares of the stock in a transaction that occurred on 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 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nelson B. Peace sold 3,352 shares of the stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $80.20, for a total transaction of $268,830.40. Following the completion of the sale, the insider now directly owns 4,650 shares of the company’s stock, valued at approximately $372,930. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,303 shares of company stock valued at $1,047,406. Corporate insiders own 0.11% of the company’s stock.

LOW has been the topic of several recent research reports. Credit Suisse Group reiterated an “outperform” rating and issued a $94.00 price objective on shares of Lowe's Companies in a research report on Monday, August 21st. They noted that the move was a valuation call. Oppenheimer set a $100.00 price objective on shares of Lowe's Companies and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. BMO Capital Markets lowered shares of Lowe's Companies from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $89.00 to $82.00 in a research report on Wednesday, August 23rd. Royal Bank of Canada decreased their price objective on shares of Lowe's Companies from $85.00 to $81.00 and set an “outperform” rating on the stock in a research report on Thursday, August 24th. Finally, Robert W. Baird set a $87.00 target price on shares of Lowe's Companies and gave the company a “buy” rating in a report on Thursday, August 24th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seventeen have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $87.66.

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Lowe's Companies Company Profile

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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