State Board of Administration of Florida Retirement System lowered its position in Lowe’s Companies, Inc. (NYSE:LOW) by 2.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,283,064 shares of the home improvement retailer’s stock after selling 26,026 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.15% of Lowe’s Companies worth $99,476,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LOW. SRS Capital Advisors Inc. grew its holdings in Lowe’s Companies by 0.4% during the 1st quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock valued at $101,000 after buying an additional 5 shares during the last quarter. Harbour Capital Advisors LLC acquired a new stake in shares of Lowe’s Companies during the first quarter worth $103,000. Hanson McClain Inc. boosted its holdings in shares of Lowe’s Companies by 3.5% during the first quarter. Hanson McClain Inc. now owns 1,337 shares of the home improvement retailer’s stock worth $110,000 after purchasing an additional 45 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Lowe’s Companies by 8.3% during the second quarter. State of Alaska Department of Revenue now owns 1,440 shares of the home improvement retailer’s stock worth $111,000 after purchasing an additional 110 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Lowe’s Companies during the first quarter worth $119,000. Institutional investors and hedge funds own 74.22% of the company’s stock.

In other Lowe’s Companies news, 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 sale, the insider now directly owns 8,400 shares of the company’s stock, valued at $655,368. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Matthew V. Hollifield sold 7,853 shares of the company’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $78.30, for a total transaction of $614,889.90. Following the sale, the senior vice president now directly owns 30,750 shares in the company, valued at $2,407,725. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.

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Several equities research analysts have recently issued reports on the company. Bank of America Corporation assumed coverage on Lowe’s Companies in a report on Tuesday, September 5th. They set a “buy” rating and a $95.00 price objective on the stock. Zacks Investment Research upgraded Lowe’s Companies from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a report on Friday, August 11th. BMO Capital Markets restated 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 restated a “hold” rating and set a $89.00 price objective on shares of Lowe’s Companies in a report on Friday, July 21st. Finally, Royal Bank Of Canada decreased their price objective on Lowe’s Companies from $85.00 to $81.00 and set an “outperform” rating on the stock in a report on Thursday, August 24th. Three 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. Lowe’s Companies has a consensus rating of “Hold” and a consensus target price of $85.32.

Lowe’s Companies, Inc. (LOW) opened at 81.21 on Thursday. The firm has a market capitalization of $67.63 billion, a P/E ratio of 23.06 and a beta of 1.07. The firm has a 50-day moving average price of $77.91 and a 200-day moving average price of $79.39. Lowe’s Companies, Inc. has a 52 week low of $64.87 and a 52 week 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 for the quarter, missing the Zacks’ consensus estimate of $1.62 by ($0.05). The business had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.58 billion. Lowe’s Companies had a net margin of 4.51% and a return on equity of 62.02%. The business’s revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.37 EPS. Equities analysts forecast that Lowe’s Companies, Inc. will post $4.50 EPS 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 $0.41 dividend. 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 2.02%. Lowe’s Companies’s payout ratio is currently 46.20%.

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.

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

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