Montgomery Investment Management Inc. bought a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,875 shares of the home improvement retailer’s stock, valued at approximately $300,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in 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 buying an additional 2,650,045 shares during the period. BlackRock Inc. increased its stake in 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 buying an additional 58,073,138 shares during the period. Geode Capital Management LLC increased its stake in 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 buying an additional 671,581 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its stake in 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 buying an additional 852,426 shares during the period. Finally, OppenheimerFunds Inc. increased its stake in 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 buying an additional 5,380,759 shares during the period. 74.20% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on LOW shares. Sanford C. Bernstein reaffirmed an “underperform” rating and issued a $69.00 price objective on shares of Lowe’s Companies in a research note on Wednesday, July 12th. Zacks Investment Research cut shares of Lowe’s Companies from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. BMO Capital Markets reaffirmed a “buy” rating and issued a $89.00 price objective on shares of Lowe’s Companies in a research note on Thursday, July 20th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $89.00 price objective on shares of Lowe’s Companies in a research note on Friday, July 21st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $87.00 price objective on shares of Lowe’s Companies in a research note on Friday, July 21st. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $85.00.

In other Lowe’s Companies news, SVP Matthew V. Hollifield sold 7,853 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $78.30, for a total transaction of $614,889.90. Following the completion of the transaction, the senior vice president now owns 30,750 shares of the company’s stock, valued at approximately $2,407,725. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Paul D. Ramsay sold 2,098 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $78.02, for a total value of $163,685.96. Following the transaction, the insider now directly owns 8,400 shares of the company’s stock, valued at approximately $655,368. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by corporate insiders.

Shares of Lowe’s Companies, Inc. (LOW) opened at 79.94 on Friday. The company’s 50 day moving average is $76.25 and its 200 day moving average is $79.59. The firm has a market capitalization of $66.57 billion, a PE ratio of 22.70 and a beta of 1.07. Lowe’s Companies, Inc. has a 12-month low of $64.87 and a 12-month high of $86.25.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.58 billion. During the same period in the previous year, the company posted $1.37 earnings per share. Lowe’s Companies’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, analysts forecast that Lowe’s Companies, Inc. will post $4.50 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Investors of record on Wednesday, October 25th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, October 24th. This represents a $1.64 dividend on an annualized basis and a yield of 2.05%. Lowe’s Companies’s payout ratio is 46.20%.

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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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