Chartwell Investment Partners LLC reduced its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,825 shares of the home improvement retailer’s stock after selling 125 shares during the period. Chartwell Investment Partners LLC’s holdings in Lowe’s Companies were worth $2,699,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Hudson Valley Investment Advisors Inc. ADV increased its position in Lowe’s Companies by 0.9% in the first quarter. Hudson Valley Investment Advisors Inc. ADV now owns 8,550 shares of the home improvement retailer’s stock valued at $703,000 after buying an additional 75 shares during the last quarter. Douglas Lane & Associates LLC increased its position in Lowe’s Companies by 3,523.3% in the first quarter. Douglas Lane & Associates LLC now owns 111,198 shares of the home improvement retailer’s stock valued at $9,142,000 after buying an additional 108,129 shares during the last quarter. Retirement Systems of Alabama increased its position in Lowe’s Companies by 0.7% in the first quarter. Retirement Systems of Alabama now owns 948,409 shares of the home improvement retailer’s stock valued at $77,969,000 after buying an additional 6,325 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in Lowe’s Companies during the first quarter valued at about $109,000. Finally, Rothschild Investment Corp IL increased its position in Lowe’s Companies by 0.9% in the first quarter. Rothschild Investment Corp IL now owns 26,762 shares of the home improvement retailer’s stock valued at $2,200,000 after buying an additional 230 shares during the last quarter. 74.65% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Lowe’s Companies, Inc. (NYSE LOW) traded up 1.02% on Friday, reaching $73.35. 6,425,491 shares of the company were exchanged. The stock has a 50 day moving average of $75.99 and a 200-day moving average of $79.50. Lowe’s Companies, Inc. has a 52-week low of $64.87 and a 52-week high of $86.25. The company has a market capitalization of $61.39 billion, a P/E ratio of 20.83 and a beta of 1.08.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by $0.05. The company had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.58 billion. Lowe’s Companies had a net margin of 4.51% and a return on equity of 62.02%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.37 EPS. On average, analysts predict that Lowe’s Companies, Inc. will post $4.51 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Shareholders of record on Wednesday, October 25th will be paid a dividend of $0.41 per share. The ex-dividend date is Tuesday, October 24th. This represents a $1.64 annualized dividend and a yield of 2.24%. Lowe’s Companies’s payout ratio is 46.20%.

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Several equities analysts recently issued reports on the company. Vetr downgraded Lowe’s Companies from a “hold” rating to a “sell” rating and set a $83.11 target price on the stock. 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 downgraded 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 target price on Lowe’s Companies and gave the company a “buy” rating in a research report on Tuesday, May 2nd. Finally, Jefferies Group LLC upped their target price on Lowe’s Companies from $80.00 to $94.00 and gave the company a “hold” rating in a research report on Friday, May 12th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the company’s stock. Lowe’s Companies presently has a consensus rating of “Hold” and a consensus target price of $84.57.

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 transaction, the insider now owns 37,716 shares of the company’s stock, valued at approximately $3,024,823.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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.

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

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