Founders Capital Management LLC maintained its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the second quarter, according to its most recent disclosure 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 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the stock. BlackRock Inc. increased its stake in shares of 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 worth $5,045,875,000 after buying an additional 58,073,138 shares in the last quarter. OppenheimerFunds Inc. increased its stake in shares of 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 worth $659,174,000 after buying an additional 5,380,759 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of 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 worth $5,250,843,000 after buying an additional 2,650,045 shares in the last quarter. Glenview Capital Management LLC increased its stake in shares of Lowe’s Companies by 33.8% in the first quarter. Glenview Capital Management LLC now owns 5,452,659 shares of the home improvement retailer’s stock worth $448,263,000 after buying an additional 1,376,540 shares in the last quarter. Finally, Scopus Asset Management L.P. increased its stake in shares of Lowe’s Companies by 866.7% in the first quarter. Scopus Asset Management L.P. now owns 1,450,000 shares of the home improvement retailer’s stock worth $119,205,000 after buying an additional 1,300,000 shares in the last quarter. 74.65% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies, Inc. (NYSE LOW) traded down 0.65% during trading on Friday, hitting $73.64. 5,153,649 shares of the stock were exchanged. The firm has a market capitalization of $62.17 billion, a PE ratio of 23.09 and a beta of 1.08. The stock has a 50 day moving average price of $76.47 and a 200-day moving average price of $79.47. Lowe’s Companies, Inc. has a 12-month low of $64.87 and a 12-month high of $86.25. Lowe’s Companies also was the target of unusually large options trading activity on Tuesday. Stock investors bought 23,265 call options on the company. This represents an increase of 109% compared to the average volume of 11,139 call options.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, May 24th. The home improvement retailer reported $1.03 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $16.86 billion for the quarter, compared to analyst estimates of $16.99 billion. During the same quarter in the previous year, the business earned $0.87 earnings per share. The company’s revenue was up 10.7% on a year-over-year basis. On average, equities research analysts anticipate that Lowe’s Companies, Inc. will post $4.62 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 8th. Shareholders of record on Wednesday, October 25th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.23%. Lowe’s Companies’s payout ratio is currently 51.57%.

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LOW has been the subject of a number of recent analyst reports. Vetr downgraded Lowe’s Companies from a “hold” rating to a “sell” rating and set a $83.11 price objective for the company. in a research report on Monday, May 8th. Jefferies Group LLC boosted their price objective on Lowe’s Companies from $80.00 to $94.00 and gave the stock a “hold” rating in a research note on Friday, May 12th. Credit Suisse Group set a $94.00 target price on Lowe’s Companies and gave the stock a “buy” rating in a research report on Tuesday, May 2nd. Oppenheimer Holdings, Inc. set a $100.00 price objective on Lowe’s Companies and gave the company a “buy” rating in a report on Wednesday, May 24th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $87.00 target price on shares of Lowe’s Companies in a report on Friday, July 21st. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $85.63.

In other Lowe’s Companies news, insider Richard D. Maltsbarger sold 11,672 shares of Lowe’s Companies stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $80.20, for a total value of $936,094.40. Following the sale, the insider now directly owns 37,716 shares in the company, valued at approximately $3,024,823.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.11% of the stock is currently owned by 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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