River Wealth Advisors LLC boosted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 14.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,421 shares of the home improvement retailer’s stock after acquiring an additional 2,306 shares during the period. River Wealth Advisors LLC’s holdings in Lowe’s Companies were worth $1,428,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings 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 acquiring an additional 2,650,045 shares during the last quarter. BlackRock Inc. lifted its holdings in Lowe’s Companies by 1,757.3% in the first quarter. BlackRock Inc. now owns 61,377,883 shares of the home improvement retailer’s stock valued at $5,045,875,000 after acquiring an additional 58,073,138 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Lowe’s Companies by 8.2% in the first quarter. Geode Capital Management LLC now owns 8,848,938 shares of the home improvement retailer’s stock valued at $726,481,000 after acquiring an additional 671,581 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings 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 acquiring an additional 852,426 shares during the last quarter. Finally, OppenheimerFunds Inc. lifted its holdings in 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 acquiring an additional 5,380,759 shares during the last quarter. Hedge funds and other institutional investors own 74.20% of the company’s stock.

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

Lowe’s Companies, Inc. (NYSE:LOW) opened at 77.99 on Monday. The company’s 50 day moving average is $76.21 and its 200-day moving average is $79.61. Lowe’s Companies, Inc. has a 52 week low of $64.87 and a 52 week high of $86.25. The firm has a market cap of $64.95 billion, a P/E ratio of 22.14 and a beta of 1.07.

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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Wednesday, October 25th will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Tuesday, October 24th. Lowe’s Companies’s payout ratio is currently 46.20%.

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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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