DnB Asset Management AS cut its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 94,490 shares of the home improvement retailer’s stock after selling 500 shares during the quarter. DnB Asset Management AS’s holdings in Lowe’s Companies were worth $7,326,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Valicenti Advisory Services Inc. grew its holdings in Lowe’s Companies by 5.1% in the 1st quarter. Valicenti Advisory Services Inc. now owns 53,675 shares of the home improvement retailer’s stock worth $4,413,000 after buying an additional 2,625 shares in the last quarter. Vanguard Group Inc. grew its holdings in Lowe’s Companies by 4.3% in the 1st 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. Dimensional Fund Advisors LP grew its holdings in Lowe’s Companies by 2.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,425,597 shares of the home improvement retailer’s stock worth $199,407,000 after buying an additional 60,109 shares in the last quarter. Heritage Trust Co bought a new position in Lowe’s Companies in the 1st quarter worth approximately $789,000. Finally, KCG Holdings Inc. grew its holdings in Lowe’s Companies by 170.7% in the 1st quarter. KCG Holdings Inc. now owns 69,485 shares of the home improvement retailer’s stock worth $5,712,000 after buying an additional 43,815 shares in the last quarter. 74.32% of the stock is owned by institutional investors.

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A number of brokerages recently issued reports on LOW. BMO Capital Markets reissued a “buy” rating and issued a $89.00 price objective on shares of Lowe’s Companies in a report on Monday, May 15th. BTIG Research reissued a “buy” rating and issued a $95.00 price objective (up from $90.00) on shares of Lowe’s Companies in a report on Friday, May 19th. Goldman Sachs Group, Inc. (The) decreased their price objective on Lowe’s Companies from $97.00 to $96.00 and set a “buy” rating for the company in a report on Thursday, May 25th. Stifel Nicolaus decreased their price objective on Lowe’s Companies from $89.00 to $87.00 and set a “buy” rating for the company in a report on Thursday, May 25th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $89.00 price objective (down from $94.00) on shares of Lowe’s Companies in a report on Sunday, May 28th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Lowe’s Companies has a consensus rating of “Hold” and an average price target of $85.00.

Lowe’s Companies, Inc. (LOW) traded up 1.3603% during mid-day trading on Tuesday, hitting $78.5542. The stock had a trading volume of 2,451,711 shares. Lowe’s Companies, Inc. has a 1-year low of $64.87 and a 1-year high of $86.25. The company has a market cap of $65.75 billion, a P/E ratio of 22.3039 and a beta of 1.07. The company has a 50-day moving average price of $75.88 and a 200 day moving average price of $79.62.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.05). The firm had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.58 billion. Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. The company’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 business earned $1.37 earnings per share. Equities research analysts forecast 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. Stockholders of record on Wednesday, October 25th will be given a dividend of $0.41 per share. 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 2.12%. Lowe’s Companies’s dividend payout ratio is 46.20%.

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.

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

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