Founders Capital Management LLC maintained its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,353 shares of the home improvement retailer’s stock at the end of the second quarter. Founders Capital Management LLC’s holdings in Lowe’s Companies were worth $803,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in Lowe’s Companies by 4.3% in the first quarter. Vanguard Group Inc. now owns 63,871,103 shares of the home improvement retailer’s stock valued at $5,250,843,000 after buying an additional 2,650,045 shares during the last quarter. BlackRock Inc. raised its position in Lowe’s Companies by 1,757.3% in the first quarter. BlackRock Inc. now owns 61,377,883 shares of the home improvement retailer’s stock valued at $5,045,875,000 after buying an additional 58,073,138 shares during the last quarter. Geode Capital Management LLC raised its position in Lowe’s Companies by 8.2% in the first quarter. Geode Capital Management LLC now owns 8,848,938 shares of the home improvement retailer’s stock valued at $726,481,000 after buying an additional 671,581 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in Lowe’s Companies by 11.5% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 8,249,599 shares of the home improvement retailer’s stock valued at $678,200,000 after buying an additional 852,426 shares during the last quarter. Finally, OppenheimerFunds Inc. raised its position in Lowe’s Companies by 204.0% in the first quarter. OppenheimerFunds Inc. now owns 8,018,171 shares of the home improvement retailer’s stock valued at $659,174,000 after buying an additional 5,380,759 shares during the last quarter. Institutional investors own 74.70% of the company’s stock.

Shares of Lowe’s Companies, Inc. (NYSE:LOW) traded down 0.38% during midday trading on Tuesday, reaching $78.02. 951,788 shares of the company’s stock were exchanged. Lowe’s Companies, Inc. has a 12-month low of $64.87 and a 12-month high of $86.25. The firm has a 50-day moving average of $77.18 and a 200-day moving average of $79.23. The stock has a market capitalization of $65.87 billion, a P/E ratio of 24.47 and a beta of 1.08. Lowe’s Companies also saw some unusual options trading activity on Monday. Stock investors purchased 6,466 put options on the company. This is an increase of 538% compared to the typical volume of 1,014 put options.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, May 24th. The home improvement retailer reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by $0.03. Lowe’s Companies had a net margin of 4.22% and a return on equity of 56.78%. The business had revenue of $16.86 billion for the quarter, compared to analysts’ expectations of $16.99 billion. During the same period last year, the business earned $0.87 earnings per share. The company’s revenue was up 10.7% on a year-over-year basis. 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. Shareholders of record on Wednesday, July 26th will be paid a dividend of $0.41 per share. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.35. This represents a $1.64 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date is Monday, July 24th. Lowe’s Companies’s dividend payout ratio (DPR) is currently 51.57%.

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LOW has been the topic of several recent analyst reports. BMO Capital Markets restated a “buy” rating and issued a $89.00 target price on shares of Lowe’s Companies in a report on Thursday, July 20th. Jefferies Group LLC boosted their target price on shares of Lowe’s Companies from $80.00 to $94.00 and gave the company a “hold” rating in a report on Friday, May 12th. Stifel Nicolaus dropped their target price on shares of Lowe’s Companies from $89.00 to $87.00 and set a “buy” rating on the stock in a report on Thursday, May 25th. Zacks Investment Research lowered shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Wednesday, May 3rd. Finally, Goldman Sachs Group, Inc. (The) dropped their target price on shares of Lowe’s Companies from $97.00 to $96.00 and set a “buy” rating on the stock in a report on Thursday, May 25th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the stock. The stock 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 the firm’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $80.20, for a total transaction of $936,094.40. Following the completion of the sale, the insider now directly owns 37,716 shares in the company, valued at approximately $3,024,823.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.11% of the stock is currently owned by company insiders.

About Lowe’s Companies

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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