Schwab Charles Investment Management Inc. raised its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 4.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,035,484 shares of the home improvement retailer’s stock after buying an additional 140,437 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Lowe’s Companies were worth $249,548,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of LOW. Private Bank & Trust Co. increased its stake in Lowe’s Companies by 6.1% in the first quarter. Private Bank & Trust Co. now owns 16,780 shares of the home improvement retailer’s stock valued at $1,380,000 after buying an additional 972 shares in the last quarter. First Command Financial Services Inc. increased its stake in Lowe’s Companies by 2.8% in the first quarter. First Command Financial Services Inc. now owns 5,600 shares of the home improvement retailer’s stock valued at $461,000 after buying an additional 150 shares in the last quarter. ELM Advisors LLC acquired a new stake in Lowe’s Companies during the first quarter valued at approximately $208,000. Honkamp Krueger Financial Services Inc. increased its stake in Lowe’s Companies by 9.3% in the first quarter. Honkamp Krueger Financial Services Inc. now owns 6,752 shares of the home improvement retailer’s stock valued at $555,000 after buying an additional 574 shares in the last quarter. Finally, Horrell Capital Management Inc. increased its stake in Lowe’s Companies by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,406 shares of the home improvement retailer’s stock valued at $2,253,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 74.70% of the company’s stock.

Shares of Lowe’s Companies, Inc. (NYSE:LOW) traded up 0.47% during mid-day trading on Friday, reaching $77.37. 619,738 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $76.72 and a 200 day moving average of $79.37. Lowe’s Companies, Inc. has a one year low of $64.87 and a one year high of $86.25. The firm has a market capitalization of $65.32 billion, a P/E ratio of 24.26 and a beta of 1.08.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, May 24th. The home improvement retailer reported $1.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.06 by $0.03. The firm had revenue of $16.86 billion for the quarter, compared to the consensus estimate of $16.99 billion. Lowe’s Companies had a net margin of 4.22% and a return on equity of 56.78%. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.87 earnings per share. On average, analysts forecast that Lowe’s Companies, Inc. will post $4.62 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 9th. Stockholders of record on Wednesday, July 26th were given a dividend of $0.41 per share. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.35. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date was Monday, July 24th. Lowe’s Companies’s payout ratio is presently 51.57%.

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Several research firms recently commented on LOW. Vetr downgraded shares of Lowe’s Companies from a “hold” rating to a “sell” rating and set a $83.11 target price on the stock. in a research report on Monday, May 8th. BMO Capital Markets reiterated a “buy” rating and set a $89.00 target price on shares of Lowe’s Companies in a research report on Friday, May 5th. Credit Suisse Group set a $94.00 target price on shares of Lowe’s Companies and gave the stock a “buy” rating in a research report on Tuesday, May 2nd. Zacks Investment Research downgraded shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. Finally, Jefferies Group LLC lifted their target price on shares of Lowe’s Companies from $80.00 to $94.00 and gave the stock a “hold” rating in a research report on Friday, May 12th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $85.23.

In other news, insider Richard D. Maltsbarger sold 11,672 shares of Lowe’s Companies stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $80.20, for a total transaction of $936,094.40. Following the transaction, the insider now directly owns 37,716 shares of the company’s stock, valued at approximately $3,024,823.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.11% of the stock is owned by insiders.

About Lowe’s Companies

Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.

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Institutional Ownership by Quarter for Lowe`s Companies (NYSE:LOW)

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