Zions Bancorporation increased its stake in shares of Lowe's Companies, Inc. (NYSE:LOW) by 288.3% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 2,532 shares of the home improvement retailer’s stock after acquiring an additional 1,880 shares during the period. Zions Bancorporation’s holdings in Lowe's Companies were worth $202,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Summit Global Investments acquired a new position in shares of Lowe's Companies in the 2nd quarter valued at approximately $1,421,000. Ffcm LLC raised its position in shares of Lowe's Companies by 6.4% in the 2nd quarter. Ffcm LLC now owns 30,895 shares of the home improvement retailer’s stock valued at $2,395,000 after purchasing an additional 1,853 shares in the last quarter. Burney Co. raised its position in shares of Lowe's Companies by 3.9% in the 2nd quarter. Burney Co. now owns 145,724 shares of the home improvement retailer’s stock valued at $11,162,000 after purchasing an additional 5,453 shares in the last quarter. PGGM Investments raised its position in shares of Lowe's Companies by 45.8% in the 3rd quarter. PGGM Investments now owns 986,226 shares of the home improvement retailer’s stock valued at $78,839,000 after purchasing an additional 309,870 shares in the last quarter. Finally, FIL Ltd raised its position in shares of Lowe's Companies by 8.6% in the 2nd quarter. FIL Ltd now owns 1,972,527 shares of the home improvement retailer’s stock valued at $152,931,000 after purchasing an additional 155,662 shares in the last quarter. 73.12% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Nelson B. Peace sold 3,352 shares of the company’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $80.20, for a total transaction of $268,830.40. Following the completion of the transaction, the insider now directly owns 4,650 shares in the company, valued at approximately $372,930. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.11% of the stock is owned by corporate insiders.

A number of equities analysts have issued reports on the company. Zelman & Associates lowered Lowe's Companies from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Barclays upgraded Lowe's Companies from an “equal weight” rating to an “overweight” rating in a report on Friday, January 5th. Robert W. Baird reiterated a “buy” rating and issued a $110.00 price target on shares of Lowe's Companies in a report on Wednesday, January 3rd. Stifel Nicolaus reiterated a “buy” rating and issued a $103.00 price target on shares of Lowe's Companies in a report on Friday, December 22nd. Finally, Guggenheim began coverage on Lowe's Companies in a report on Tuesday, December 12th. They issued a “buy” rating and a $95.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eighteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $88.62.

Lowe's Companies, Inc. (NYSE LOW) opened at $94.17 on Thursday. The company has a market capitalization of $78,140.00, a price-to-earnings ratio of 22.64, a P/E/G ratio of 1.43 and a beta of 1.14. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.12 and a current ratio of 1.02. Lowe's Companies, Inc. has a 52 week low of $70.56 and a 52 week high of $95.13.

Lowe's Companies (NYSE:LOW) last issued its quarterly earnings data on Tuesday, November 21st. The home improvement retailer reported $1.05 EPS for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.03. The firm had revenue of $16.77 billion during the quarter, compared to the consensus estimate of $16.59 billion. Lowe's Companies had a return on equity of 66.27% and a net margin of 5.16%. The firm’s revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.88 EPS. analysts anticipate that Lowe's Companies, Inc. will post 4.51 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 7th. Investors of record on Wednesday, January 24th will be paid a dividend of $0.41 per share. The ex-dividend date is Tuesday, January 23rd. This represents a $1.64 dividend on an annualized basis and a yield of 1.74%. Lowe's Companies’s payout ratio is currently 39.42%.

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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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