Commerce Bank grew its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 534,822 shares of the home improvement retailer’s stock after purchasing an additional 5,404 shares during the period. Commerce Bank owned approximately 0.06% of Lowe’s Companies worth $41,465,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have 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 valued at $5,250,843,000 after purchasing an additional 2,650,045 shares in the last quarter. BlackRock Inc. grew its position in shares of 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 valued at $5,045,875,000 after purchasing an additional 58,073,138 shares in the last quarter. Geode Capital Management LLC grew its position in shares of 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 valued at $726,481,000 after purchasing an additional 671,581 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of 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 valued at $678,200,000 after purchasing an additional 852,426 shares in the last quarter. Finally, OppenheimerFunds Inc. grew its position in shares of 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 valued at $659,174,000 after purchasing an additional 5,380,759 shares in the last quarter. Hedge funds and other institutional investors own 74.11% of the company’s stock.

LOW has been the subject of a number of recent analyst reports. Sanford C. Bernstein restated an “underperform” rating and set a $69.00 price target on shares of Lowe’s Companies in a research report on Wednesday, July 12th. Zacks Investment Research downgraded shares of Lowe’s Companies from a “hold” rating to a “sell” rating in a report on Monday, July 17th. BMO Capital Markets reaffirmed a “buy” rating and set a $89.00 price objective on shares of Lowe’s Companies in a report on Thursday, July 20th. Jefferies Group LLC reaffirmed a “hold” rating and set a $89.00 price objective on shares of Lowe’s Companies in a report on Friday, July 21st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $87.00 price objective on shares of Lowe’s Companies in a report on Friday, July 21st. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $85.32.

Lowe’s Companies, Inc. (NYSE:LOW) opened at 80.04 on Friday. Lowe’s Companies, Inc. has a 52 week low of $64.87 and a 52 week high of $86.25. The company has a market capitalization of $66.66 billion, a P/E ratio of 22.73 and a beta of 1.07. The stock’s 50 day moving average is $79.46 and its 200 day moving average is $79.37.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($0.05). The firm had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.58 billion. Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. Lowe’s Companies’s revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.37 EPS. On average, equities research analysts expect that Lowe’s Companies, Inc. will post $4.50 earnings per share for the current 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. The ex-dividend date of this dividend is Tuesday, October 24th. This represents a $1.64 annualized dividend and a dividend yield of 2.05%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 46.20%.

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In related news, 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 completion of the sale, the insider now owns 8,400 shares in the company, valued at approximately $655,368. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 sale, the senior vice president now owns 30,750 shares of the company’s stock, valued at approximately $2,407,725. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by company insiders.

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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