Millie Capital Management LLC grew its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,678 shares of the home improvement retailer’s stock after purchasing an additional 627 shares during the quarter. Millie Capital Management LLC’s holdings in Lowe’s Companies were worth $1,216,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of LOW. ProVise Management Group LLC increased its holdings in Lowe’s Companies by 8.7% in the 1st quarter. ProVise Management Group LLC now owns 47,044 shares of the home improvement retailer’s stock worth $3,867,000 after acquiring an additional 3,750 shares in the last quarter. Cibc World Markets Corp increased its holdings in Lowe’s Companies by 6.5% in the 1st quarter. Cibc World Markets Corp now owns 506,964 shares of the home improvement retailer’s stock worth $41,678,000 after acquiring an additional 30,749 shares in the last quarter. Patton Albertson Miller Group LLC increased its holdings in Lowe’s Companies by 10.0% in the 1st quarter. Patton Albertson Miller Group LLC now owns 23,385 shares of the home improvement retailer’s stock worth $2,008,000 after acquiring an additional 2,117 shares in the last quarter. IFM Investors Pty Ltd increased its holdings in Lowe’s Companies by 0.9% in the 1st quarter. IFM Investors Pty Ltd now owns 11,510 shares of the home improvement retailer’s stock worth $946,000 after acquiring an additional 100 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. grew its holdings in shares of Lowe’s Companies by 7.4% during the first quarter. Cornerstone Capital Management Holdings LLC. now owns 673,813 shares of the home improvement retailer’s stock worth $55,393,000 after buying an additional 46,537 shares in the last quarter. 74.00% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies, Inc. (LOW) traded down $0.32 during midday trading on Monday, reaching $79.24. 2,842,000 shares of the company’s stock were exchanged, compared to its average volume of 5,835,401. Lowe’s Companies, Inc. has a 52 week low of $69.92 and a 52 week high of $86.25. The company has a debt-to-equity ratio of 2.71, a current ratio of 1.02 and a quick ratio of 0.19. The firm has a market capitalization of $65,848.44, a PE ratio of 17.57, a P/E/G ratio of 1.27 and a beta of 1.13.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.03. Lowe’s Companies had a net margin of 5.16% and a return on equity of 66.27%. The company had revenue of $16.77 billion for the quarter, compared to analysts’ expectations of $16.59 billion. During the same quarter in the prior year, the company posted $0.88 earnings per share. Lowe’s Companies’s revenue for the quarter was up 6.6% compared to the same quarter last year. equities research analysts anticipate that Lowe’s Companies, Inc. will post 4.51 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th will be given a $0.41 dividend. The ex-dividend date is Tuesday, January 23rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.07%. Lowe’s Companies’s payout ratio is currently 39.33%.

A number of equities research analysts have recently issued reports on LOW shares. BidaskClub raised shares of Lowe’s Companies from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 2nd. Zacks Investment Research lowered shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Longbow Research reaffirmed a “buy” rating and set a $95.00 target price on shares of Lowe’s Companies in a report on Monday, August 14th. BTIG Research reaffirmed a “buy” rating and set a $95.00 target price on shares of Lowe’s Companies in a report on Friday, August 18th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $94.00 target price on shares of Lowe’s Companies in a report on Monday, August 21st. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $87.24.

In other Lowe’s Companies news, SVP Matthew V. Hollifield sold 7,853 shares of the company’s 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 transaction, the senior vice president now owns 30,750 shares of the company’s stock, valued at $2,407,725. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Paul D. Ramsay sold 2,098 shares of the company’s 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 transaction, the insider now directly owns 8,400 shares in the company, valued at approximately $655,368. The disclosure for this sale can be found here. Corporate insiders own 0.11% of the company’s stock.

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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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