Raymond James Trust N.A. increased its position in shares of Lowe’s Cos. (NYSE:LOW) by 1.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,105 shares of the home improvement retailer’s stock after buying an additional 258 shares during the period. Raymond James Trust N.A.’s holdings in Lowe’s Cos. were worth $1,813,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ameriprise Financial Inc. raised its position in Lowe’s Cos. by 10.8% in the second quarter. Ameriprise Financial Inc. now owns 13,161,669 shares of the home improvement retailer’s stock worth $1,042,084,000 after buying an additional 1,280,426 shares during the last quarter. Bank of Montreal Can bought a new position in Lowe’s Cos. during the second quarter worth $284,442,000. Eaton Vance Management raised its position in Lowe’s Cos. by 10.9% in the second quarter. Eaton Vance Management now owns 3,265,522 shares of the home improvement retailer’s stock worth $258,531,000 after buying an additional 321,288 shares during the last quarter. Sustainable Growth Advisers LP raised its position in Lowe’s Cos. by 0.6% in the second quarter. Sustainable Growth Advisers LP now owns 2,873,652 shares of the home improvement retailer’s stock worth $227,507,000 after buying an additional 15,752 shares during the last quarter. Finally, BlackRock Inc. raised its position in Lowe’s Cos. by 9.8% in the second quarter. BlackRock Inc. now owns 2,857,228 shares of the home improvement retailer’s stock worth $226,205,000 after buying an additional 254,254 shares during the last quarter. 73.83% of the stock is owned by institutional investors and hedge funds.

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

Shares of Lowe’s Cos. (NYSE:LOW) traded down 1.40% during midday trading on Monday, reaching $71.20. The company had a trading volume of 5,315,860 shares. The stock has a market capitalization of $62.16 billion, a price-to-earnings ratio of 26.14 and a beta of 1.25. Lowe’s Cos. has a 1-year low of $62.62 and a 1-year high of $83.65. The firm’s 50 day moving average price is $69.10 and its 200-day moving average price is $75.55.

Lowe’s Cos. (NYSE:LOW) last issued its quarterly earnings data on Wednesday, November 16th. The home improvement retailer reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by $0.08. The firm had revenue of $15.70 billion for the quarter, compared to analysts’ expectations of $15.86 billion. Lowe’s Cos. had a return on equity of 46.46% and a net margin of 3.91%. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.80 EPS. Equities research analysts expect that Lowe’s Cos. will post $3.92 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 8th. Shareholders of record on Wednesday, January 25th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Monday, January 23rd. Lowe’s Cos.’s payout ratio is 51.28%.

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A number of analysts have recently issued reports on the company. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $94.00 price target on shares of Lowe’s Cos. in a research report on Monday, August 29th. Vetr upgraded Lowe’s Cos. from a “buy” rating to a “strong-buy” rating and set a $92.50 price target for the company in a research report on Friday, August 12th. Jefferies Group reiterated a “hold” rating on shares of Lowe’s Cos. in a research report on Monday, September 12th. JPMorgan Chase & Co. downgraded Lowe’s Cos. from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $87.00 to $72.00 in a research report on Wednesday, October 26th. Finally, Zacks Investment Research downgraded Lowe’s Cos. from a “buy” rating to a “hold” rating in a research report on Wednesday, October 26th. Thirteen equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Lowe’s Cos. currently has an average rating of “Buy” and a consensus price target of $81.93.

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.

5 Day Chart for NYSE:LOW

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