Lowe’s Companies, Inc. (NYSE:LOW) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 66,234,867 shares of the home improvement retailer’s stock after acquiring an additional 240,910 shares during the quarter. Vanguard Group Inc. owned about 8.46% of Lowe’s Companies worth $6,683,762,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of LOW. Comerica Securities Inc. increased its position in shares of Lowe’s Companies by 6.3% in the fourth quarter. Comerica Securities Inc. now owns 13,753 shares of the home improvement retailer’s stock valued at $1,270,000 after buying an additional 818 shares in the last quarter. Gamco Investors INC. ET AL increased its position in shares of Lowe’s Companies by 255.6% during the first quarter. Gamco Investors INC. ET AL now owns 19,025 shares of the home improvement retailer’s stock worth $2,083,000 after purchasing an additional 13,675 shares in the last quarter. Cornerstone Advisors Inc. increased its position in shares of Lowe’s Companies by 10.1% during the first quarter. Cornerstone Advisors Inc. now owns 2,488 shares of the home improvement retailer’s stock worth $272,000 after purchasing an additional 229 shares in the last quarter. Lcnb Corp increased its position in shares of Lowe’s Companies by 3.1% during the first quarter. Lcnb Corp now owns 10,435 shares of the home improvement retailer’s stock worth $1,142,000 after purchasing an additional 310 shares in the last quarter. Finally, Whitener Capital Management Inc. increased its position in shares of Lowe’s Companies by 9.7% during the first quarter. Whitener Capital Management Inc. now owns 6,771 shares of the home improvement retailer’s stock worth $741,000 after purchasing an additional 600 shares in the last quarter. 76.23% of the stock is owned by institutional investors.

In other news, EVP Jennifer L. Weber sold 12,589 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $112.62, for a total value of $1,417,773.18. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Donald Frieson purchased 2,030 shares of the firm’s stock in a transaction dated Wednesday, June 19th. The stock was acquired at an average cost of $98.69 per share, for a total transaction of $200,340.70. Following the purchase, the executive vice president now owns 10,980 shares in the company, valued at $1,083,616.20. The disclosure for this purchase can be found here. 0.07% of the stock is owned by corporate insiders.

Several analysts recently commented on the company. Credit Suisse Group reiterated a “neutral” rating and set a $114.00 price target (up from $99.00) on shares of Lowe’s Companies in a research report on Thursday, August 22nd. Jefferies Financial Group set a $125.00 price target on Lowe’s Companies and gave the stock a “buy” rating in a research report on Monday, August 26th. Citigroup boosted their price target on Lowe’s Companies from $122.00 to $137.00 and gave the stock a “buy” rating in a research report on Friday. Wells Fargo & Co reiterated an “outperform” rating and set a $125.00 price target (up from $110.00) on shares of Lowe’s Companies in a research report on Thursday, August 22nd. Finally, Telsey Advisory Group boosted their price target on Lowe’s Companies from $116.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Eight equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $118.00.

NYSE:LOW traded down $0.35 during trading hours on Tuesday, hitting $112.28. The company had a trading volume of 155,667 shares, compared to its average volume of 5,350,211. The company has a current ratio of 1.06, a quick ratio of 0.19 and a debt-to-equity ratio of 7.80. The company has a 50-day moving average of $105.10 and a 200 day moving average of $104.89. The company has a market cap of $87.49 billion, a P/E ratio of 21.84, a P/E/G ratio of 1.47 and a beta of 1.30. Lowe’s Companies, Inc. has a 1 year low of $84.75 and a 1 year high of $118.23.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, August 21st. The home improvement retailer reported $2.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.00 by $0.15. The company had revenue of $20.99 billion during the quarter, compared to analysts’ expectations of $20.96 billion. Lowe’s Companies had a return on equity of 111.09% and a net margin of 3.52%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the business earned $2.07 EPS. On average, analysts forecast that Lowe’s Companies, Inc. will post 5.65 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Tuesday, October 22nd. Lowe’s Companies’s payout ratio is currently 42.80%.

Lowe’s Companies Company Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.

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

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