Pennsylvania Trust Co grew its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 15.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,444 shares of the home improvement retailer’s stock after buying an additional 1,766 shares during the quarter. Pennsylvania Trust Co’s holdings in Lowe’s Companies were worth $1,042,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the business. SRS Capital Advisors Inc. lifted its position in shares of Lowe’s Companies by 0.4% during the 1st quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock worth $101,000 after buying an additional 5 shares in the last quarter. Guardian Life Insurance Co. of America lifted its position in shares of Lowe’s Companies by 0.4% during the 1st quarter. Guardian Life Insurance Co. of America now owns 3,346 shares of the home improvement retailer’s stock worth $275,000 after buying an additional 13 shares in the last quarter. Winfield Associates Inc. lifted its position in shares of Lowe’s Companies by 0.6% during the 1st quarter. Winfield Associates Inc. now owns 2,392 shares of the home improvement retailer’s stock worth $196,000 after buying an additional 15 shares in the last quarter. Modera Wealth Management LLC lifted its position in shares of Lowe’s Companies by 0.3% during the 1st quarter. Modera Wealth Management LLC now owns 4,927 shares of the home improvement retailer’s stock worth $405,000 after buying an additional 15 shares in the last quarter. Finally, First Personal Financial Services lifted its position in shares of Lowe’s Companies by 0.3% during the 1st quarter. First Personal Financial Services now owns 8,067 shares of the home improvement retailer’s stock worth $663,000 after buying an additional 21 shares in the last quarter. 74.20% of the stock is currently owned by hedge funds and other institutional investors.

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A number of equities research analysts recently commented on LOW shares. Goldman Sachs Group, Inc. (The) lowered their price target on shares of Lowe’s Companies from $97.00 to $96.00 and set a “buy” rating on the stock in a report on Thursday, May 25th. Bank of America Corporation started coverage on shares of Lowe’s Companies in a report on Tuesday, September 5th. They issued a “buy” rating and a $95.00 price target on the stock. BMO Capital Markets reaffirmed a “buy” rating and issued a $89.00 price target on shares of Lowe’s Companies in a report on Thursday, July 20th. Stifel Nicolaus lowered their price target on shares of Lowe’s Companies from $89.00 to $87.00 and set a “buy” rating on the stock in a report on Thursday, May 25th. Finally, Oppenheimer Holdings, Inc. set a $100.00 price target on shares of Lowe’s Companies and gave the stock a “buy” rating in a report on Wednesday, May 24th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $85.00.

Lowe’s Companies, Inc. (NYSE LOW) traded down 0.24% on Tuesday, hitting $77.48. 3,364,999 shares of the stock were exchanged. The firm has a market cap of $64.53 billion, a P/E ratio of 22.00 and a beta of 1.07. Lowe’s Companies, Inc. has a 12 month low of $64.87 and a 12 month high of $86.25. The company has a 50-day moving average of $76.24 and a 200 day moving average of $79.62. Lowe’s Companies also was the recipient of some unusual options trading activity on Monday. Investors bought 6,466 put options on the stock. This represents an increase of 538% compared to the typical daily volume of 1,014 put options.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, August 23rd. The home improvement retailer reported $1.57 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 net margin of 4.51% and a return on equity of 62.02%. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.37 earnings per share. Equities research analysts expect that Lowe’s Companies, Inc. will post $4.50 earnings per share for the current fiscal year.

The company also recently disclosed 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 is Tuesday, October 24th. This represents a $1.64 annualized dividend and a dividend yield of 2.11%. Lowe’s Companies’s 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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