SOL Capital Management CO held its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,000 shares of the home improvement retailer’s stock at the end of the second quarter. SOL Capital Management CO’s holdings in Lowe’s Companies were worth $543,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. SRS Capital Advisors Inc. boosted its stake in shares of Lowe’s Companies by 0.4% in the first quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock worth $101,000 after buying an additional 5 shares in the last quarter. Guardian Life Insurance Co. of America boosted its stake in shares of Lowe’s Companies by 0.4% in the first quarter. Guardian Life Insurance Co. of America now owns 3,346 shares of the home improvement retailer’s stock worth $275,000 after buying an additional 13 shares in the last quarter. Winfield Associates Inc. boosted its stake in shares of Lowe’s Companies by 0.6% in the first quarter. Winfield Associates Inc. now owns 2,392 shares of the home improvement retailer’s stock worth $196,000 after buying an additional 15 shares in the last quarter. Modera Wealth Management LLC boosted its stake in shares of Lowe’s Companies by 0.3% in the first quarter. Modera Wealth Management LLC now owns 4,927 shares of the home improvement retailer’s stock worth $405,000 after buying an additional 15 shares in the last quarter. Finally, First Personal Financial Services boosted its stake in shares of Lowe’s Companies by 0.3% in the first quarter. First Personal Financial Services now owns 8,067 shares of the home improvement retailer’s stock worth $663,000 after buying an additional 21 shares in the last quarter. Hedge funds and other institutional investors own 74.65% of the company’s stock.

Lowe’s Companies, Inc. (LOW) traded down 0.09% during midday trading on Friday, hitting $74.05. 2,626,301 shares of the company traded hands. The stock has a 50 day moving average price of $76.56 and a 200-day moving average price of $79.46. Lowe’s Companies, Inc. has a 12-month low of $64.87 and a 12-month high of $86.25. The company has a market cap of $62.51 billion, a PE ratio of 23.22 and a beta of 1.08. Lowe’s Companies also was the recipient of unusually large options trading on Tuesday. Stock traders bought 23,265 call options on the company. This represents an increase of approximately 109% compared to the typical daily volume of 11,139 call options.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, May 24th. The home improvement retailer reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by $0.03. Lowe’s Companies had a return on equity of 56.78% and a net margin of 4.22%. The firm had revenue of $16.86 billion during the quarter, compared to analyst estimates of $16.99 billion. During the same quarter in the prior year, the company posted $0.87 EPS. The company’s quarterly revenue was up 10.7% on a year-over-year basis. Analysts expect that Lowe’s Companies, Inc. will post $4.62 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 9th. Investors of record on Wednesday, July 26th were issued a $0.41 dividend. The ex-dividend date was Monday, July 24th. This represents a $1.64 dividend on an annualized basis and a yield of 2.21%. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.35. Lowe’s Companies’s dividend payout ratio is currently 51.57%.

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A number of analysts recently weighed in on the stock. Goldman Sachs Group, Inc. (The) decreased their price target on shares of Lowe’s Companies from $97.00 to $96.00 and set a “buy” rating for the company in a research note on Thursday, May 25th. Vetr cut shares of Lowe’s Companies from a “hold” rating to a “sell” rating and set a $83.11 price target for the company. in a research note on Monday, May 8th. Oppenheimer Holdings, Inc. set a $100.00 price target on shares of Lowe’s Companies and gave the stock a “buy” rating in a research note on Wednesday, May 24th. Stifel Nicolaus decreased their price target on shares of Lowe’s Companies from $89.00 to $87.00 and set a “buy” rating for the company in a research note on Thursday, May 25th. Finally, BMO Capital Markets restated a “buy” rating and issued a $89.00 target price on shares of Lowe’s Companies in a research note on Thursday, July 20th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the company’s stock. Lowe’s Companies presently has an average rating of “Hold” and an average target price of $85.63.

In related news, insider Richard D. Maltsbarger sold 11,672 shares of the stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $80.20, for a total value of $936,094.40. Following the transaction, the insider now owns 37,716 shares in the company, valued at $3,024,823.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.11% of the company’s stock.

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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