River Wealth Advisors LLC increased its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 13.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,115 shares of the home improvement retailer’s stock after buying an additional 1,929 shares during the period. River Wealth Advisors LLC’s holdings in Lowe’s Companies were worth $1,325,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. OppenheimerFunds Inc. raised 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 valued at $659,174,000 after buying an additional 5,380,759 shares during the last quarter. Vanguard Group Inc. increased 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 period. CIBC World Markets Inc. increased its position in Lowe’s Companies by 5,762.1% in the first quarter. CIBC World Markets Inc. now owns 880,961 shares of the home improvement retailer’s stock valued at $72,424,000 after buying an additional 865,933 shares during the period. American Century Companies Inc. increased its position in Lowe’s Companies by 65.7% in the first quarter. American Century Companies Inc. now owns 2,182,070 shares of the home improvement retailer’s stock valued at $179,388,000 after buying an additional 865,109 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC increased 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 period. Institutional investors own 72.91% of the company’s stock.

Shares of Lowe’s Companies, Inc. (NYSE:LOW) traded up 1.03% during trading on Friday, hitting $74.65. The company’s stock had a trading volume of 4,817,314 shares. The company has a market capitalization of $62.48 billion, a P/E ratio of 21.20 and a beta of 1.07. Lowe’s Companies, Inc. has a 1-year low of $64.87 and a 1-year high of $86.25. The firm’s 50 day moving average is $75.61 and its 200-day moving average is $79.53.

Lowe’s Companies (NYSE:LOW) last released its 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 business had revenue of $19.50 billion during 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 business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period last year, the business earned $1.37 EPS. Analysts forecast that Lowe’s Companies, Inc. will post $4.49 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Shareholders of record on Wednesday, October 25th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date is Tuesday, October 24th. Lowe’s Companies’s dividend payout ratio (DPR) is currently 46.20%.

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Several research analysts have recently issued reports on LOW shares. Jefferies Group LLC lifted their price target 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. Longbow Research reaffirmed a “buy” rating and set a $95.00 price target on shares of Lowe’s Companies in a research note on Monday, August 14th. Zacks Investment Research downgraded Lowe’s Companies from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. BidaskClub raised shares of Lowe’s Companies from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $94.00 target price on shares of Lowe’s Companies in a research note on Monday, August 21st. They noted that the move was a valuation call. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $84.57.

About Lowe’s Companies

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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