Independent Investors Inc. continued to hold its position in shares of Lowe's Companies, Inc. (NYSE:LOW) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,800 shares of the home improvement retailer’s stock at the end of the first quarter. Independent Investors Inc.’s holdings in Lowe's Companies were worth $1,134,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Ledyard National Bank raised its position in shares of Lowe's Companies by 457.5% in the first quarter. Ledyard National Bank now owns 5,179 shares of the home improvement retailer’s stock valued at $426,000 after buying an additional 4,250 shares in the last quarter. Bollard Group LLC raised its position in shares of Lowe's Companies by 0.5% in the first quarter. Bollard Group LLC now owns 20,334 shares of the home improvement retailer’s stock valued at $1,672,000 after buying an additional 97 shares in the last quarter. Oakbrook Investments LLC raised its position in shares of Lowe's Companies by 9.0% in the first quarter. Oakbrook Investments LLC now owns 67,516 shares of the home improvement retailer’s stock valued at $5,550,000 after buying an additional 5,600 shares in the last quarter. City Holding Co. raised its position in shares of Lowe's Companies by 2.3% in the first quarter. City Holding Co. now owns 48,265 shares of the home improvement retailer’s stock valued at $3,968,000 after buying an additional 1,065 shares in the last quarter. Finally, Rothschild Investment Corp IL raised its position in shares of 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 in the last quarter. Institutional investors and hedge funds own 72.91% of the company’s stock.

Lowe's Companies, Inc. (NYSE LOW) traded up 0.810% during midday trading on Wednesday, reaching $74.045. The company had a trading volume of 1,929,456 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 capitalization of $61.98 billion, a price-to-earnings ratio of 21.024 and a beta of 1.08. The stock’s 50 day moving average is $75.99 and its 200 day moving average is $79.50.

Lowe's Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.62 by $0.05. The firm had revenue of $19.50 billion during the quarter, compared to analysts’ expectations of $19.58 billion. Lowe's Companies’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.37 EPS. Equities research analysts expect that Lowe's Companies, Inc. will post $4.50 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Wednesday, October 25th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Tuesday, October 24th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.23%. Lowe's Companies’s dividend payout ratio (DPR) is currently 46.20%.

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LOW has been the subject of several research analyst reports. 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 objective on Lowe's Companies and gave the company a “buy” rating in a research report on Tuesday, May 2nd. BMO Capital Markets reiterated a “buy” rating and issued a $89.00 price objective on shares of Lowe's Companies in a research report on Friday, May 5th. Vetr lowered 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. Finally, Jefferies Group LLC boosted their price objective 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. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $84.57.

Lowe's Companies Company Profile

Lowe’s Companies, Inc (Lowe’s) is a FORTUNE home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens.

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

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