Huntington National Bank boosted its stake in shares of Lowe’s Cos. (NYSE:LOW) by 35.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 355,482 shares of the home improvement retailer’s stock after buying an additional 93,569 shares during the period. Huntington National Bank’s holdings in Lowe’s Cos. were worth $28,144,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Landscape Capital Management L.L.C. purchased a new position in shares of Lowe’s Cos. during the first quarter valued at about $8,918,000. Bessemer Group Inc. raised its position in shares of Lowe’s Cos. by 3,223.7% in the first quarter. Bessemer Group Inc. now owns 1,558,708 shares of the home improvement retailer’s stock valued at $118,071,000 after buying an additional 1,511,811 shares during the period. NN Investment Partners Holdings N.V. purchased a new position in shares of Lowe’s Cos. during the first quarter valued at about $16,048,000. Massmutual Trust Co. FSB ADV raised its position in shares of Lowe’s Cos. by 7.3% in the first quarter. Massmutual Trust Co. FSB ADV now owns 74,899 shares of the home improvement retailer’s stock valued at $5,674,000 after buying an additional 5,107 shares during the period. Finally, Peapack Gladstone Financial Corp raised its position in shares of Lowe’s Cos. by 0.4% in the first quarter. Peapack Gladstone Financial Corp now owns 151,330 shares of the home improvement retailer’s stock valued at $11,463,000 after buying an additional 555 shares during the period. 75.48% of the stock is owned by institutional investors.

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

Lowe’s Cos. (NYSE:LOW) traded down 1.24% during mid-day trading on Tuesday, hitting $70.09. 4,803,258 shares of the company traded hands. Lowe’s Cos. has a one year low of $62.62 and a one year high of $83.65. The firm has a 50 day moving average of $73.51 and a 200 day moving average of $77.26. The firm has a market capitalization of $61.30 billion, a P/E ratio of 22.72 and a beta of 1.14.

Lowe’s Cos. (NYSE:LOW) last announced its quarterly earnings data on Wednesday, August 17th. The home improvement retailer reported $1.37 EPS for the quarter, missing the consensus estimate of $1.41 by $0.04. The company earned $18.26 billion during the quarter, compared to the consensus estimate of $18.42 billion. Lowe’s Cos. had a return on equity of 43.38% and a net margin of 4.58%. The business’s revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.20 EPS. Equities research analysts expect that Lowe’s Cos. will post $4.02 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 2nd. Shareholders of record on Wednesday, October 19th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.00%. The ex-dividend date is Monday, October 17th. Lowe’s Cos.’s dividend payout ratio is 45.16%.

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus assumed coverage on shares of Lowe’s Cos. in a research note on Tuesday, August 2nd. They issued a “buy” rating and a $100.00 target price for the company. Vetr lowered shares of Lowe’s Cos. from a “buy” rating to a “hold” rating and set a $85.38 target price for the company. in a research note on Thursday, July 28th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $85.00 target price (up from $70.00) on shares of Lowe’s Cos. in a research note on Saturday, August 13th. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $89.00 target price on shares of Lowe’s Cos. in a research note on Tuesday, August 16th. Finally, Peel Hunt reaffirmed a “buy” rating and issued a $85.00 target price on shares of Lowe’s Cos. in a research note on Wednesday, July 6th. Eight research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $85.93.

About Lowe’s Cos.

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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