Mcrae Capital Management Inc. lifted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 111,576 shares of the home improvement retailer’s stock after purchasing an additional 150 shares during the period. Lowe’s Companies accounts for about 3.5% of Mcrae Capital Management Inc.’s portfolio, making the stock its 9th largest position. Mcrae Capital Management Inc.’s holdings in Lowe’s Companies were worth $8,650,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Valicenti Advisory Services Inc. grew its holdings in shares of Lowe’s Companies by 5.1% during the first quarter. Valicenti Advisory Services Inc. now owns 53,675 shares of the home improvement retailer’s stock worth $4,413,000 after purchasing an additional 2,625 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Lowe’s Companies by 4.3% during 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 purchasing an additional 2,650,045 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD grew its holdings in shares of Lowe’s Companies by 11.8% during the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 105,471 shares of the home improvement retailer’s stock worth $8,177,000 after purchasing an additional 11,119 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Lowe’s Companies by 2.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,425,597 shares of the home improvement retailer’s stock worth $199,407,000 after purchasing an additional 60,109 shares during the last quarter. Finally, Heritage Trust Co bought a new stake in shares of Lowe’s Companies during the first quarter worth $789,000. Institutional investors own 74.32% of the company’s stock.

Shares of Lowe’s Companies, Inc. (NYSE LOW) opened at 78.56 on Friday. The firm has a 50 day moving average price of $75.82 and a 200 day moving average price of $79.56. Lowe’s Companies, Inc. has a one year low of $64.87 and a one year high of $86.25. The company has a market capitalization of $65.75 billion, a P/E ratio of 22.31 and a beta of 1.07.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.37 earnings per share. On average, equities research analysts predict that Lowe’s Companies, Inc. will post $4.49 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 8th. Investors of record on Wednesday, October 25th will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Tuesday, October 24th. Lowe’s Companies’s dividend payout ratio (DPR) is currently 46.20%.

Several brokerages have recently commented on LOW. Wolfe Research restated an “outperform” rating and set a $94.00 target price (down previously from $95.00) on shares of Lowe’s Companies in a report on Sunday, May 28th. Oppenheimer Holdings, Inc. set a $100.00 price target on Lowe’s Companies and gave the company a “buy” rating in a research note on Wednesday, May 24th. Sanford C. Bernstein reaffirmed an “underperform” rating and set a $69.00 price target on shares of Lowe’s Companies in a research note on Wednesday, July 12th. BidaskClub raised Lowe’s Companies from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, Robert W. Baird set a $87.00 price target on Lowe’s Companies and gave the company a “buy” rating in a research note on Thursday, August 24th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $85.00.

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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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