Compton Capital Management Inc. RI boosted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 0.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 39,411 shares of the home improvement retailer’s stock after buying an additional 80 shares during the period. Lowe’s Companies comprises about 1.6% of Compton Capital Management Inc. RI’s portfolio, making the stock its 15th largest position. Compton Capital Management Inc. RI’s holdings in Lowe’s Companies were worth $3,240,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Integre Asset Management LLC boosted its stake in Lowe’s Companies by 152.8% in the fourth quarter. Integre Asset Management LLC now owns 59,611 shares of the home improvement retailer’s stock valued at $4,240,000 after buying an additional 36,035 shares during the period. Menta Capital LLC boosted its stake in shares of Lowe’s Companies by 13.5% in the fourth quarter. Menta Capital LLC now owns 67,993 shares of the home improvement retailer’s stock worth $4,836,000 after buying an additional 8,100 shares during the period. Archon Partners LLC boosted its stake in shares of Lowe’s Companies by 0.4% in the fourth quarter. Archon Partners LLC now owns 134,500 shares of the home improvement retailer’s stock worth $9,566,000 after buying an additional 500 shares during the period. Honeycomb Asset Management LP acquired a new stake in shares of Lowe’s Companies during the fourth quarter worth approximately $3,556,000. Finally, Night Square Capital Partners LP acquired a new stake in shares of Lowe’s Companies during the fourth quarter worth approximately $13,487,000. 74.70% of the stock is currently owned by institutional investors.

Lowe’s Companies, Inc. (NYSE LOW) traded down 0.06% during mid-day trading on Monday, hitting $78.32. The stock had a trading volume of 4,236,408 shares. Lowe’s Companies, Inc. has a 12-month low of $64.87 and a 12-month high of $86.25. The firm has a market cap of $66.12 billion, a P/E ratio of 24.56 and a beta of 1.08. The stock has a 50-day moving average price of $77.18 and a 200 day moving average price of $79.23.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, May 24th. The home improvement retailer reported $1.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.06 by $0.03. Lowe’s Companies had a return on equity of 56.78% and a net margin of 4.22%. The business had revenue of $16.86 billion for the quarter, compared to analysts’ expectations of $16.99 billion. During the same period in the previous year, the firm posted $0.87 earnings per share. The firm’s revenue was up 10.7% compared to the same quarter last year. Equities analysts anticipate that Lowe’s Companies, Inc. will post $4.62 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 9th. Investors of record on Wednesday, July 26th will be issued a $0.41 dividend. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.35. This represents a $1.64 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend is Monday, July 24th. Lowe’s Companies’s payout ratio is currently 51.57%.

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A number of equities analysts have weighed in on LOW shares. Vetr lowered Lowe’s Companies from a “hold” rating to a “sell” rating and set a $83.11 target price for the company. in a research report on Monday, May 8th. BMO Capital Markets reissued a “buy” rating and issued a $89.00 target price on shares of Lowe’s Companies in a research report on Friday, May 5th. Zacks Investment Research lowered Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. Credit Suisse Group set a $94.00 price target on shares of Lowe’s Companies and gave the company a “buy” rating in a research report on Tuesday, May 2nd. Finally, Jefferies Group LLC upped their price target on shares of Lowe’s Companies from $80.00 to $94.00 and gave the company a “hold” rating in a research report on Friday, May 12th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $85.39.

In other Lowe’s Companies news, insider Richard D. Maltsbarger sold 11,672 shares of Lowe’s Companies stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $80.20, for a total value of $936,094.40. Following the completion of the transaction, the insider now directly owns 37,716 shares in the company, valued at $3,024,823.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.11% of the company’s stock.

Lowe’s Companies Company Profile

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.

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

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