Arvest Bank Trust Division raised its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 284,475 shares of the home improvement retailer’s stock after acquiring an additional 3,245 shares during the quarter. Lowe’s Companies makes up 1.7% of Arvest Bank Trust Division’s investment portfolio, making the stock its 15th biggest holding. Arvest Bank Trust Division’s holdings in Lowe’s Companies were worth $22,055,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. SRS Capital Advisors Inc. boosted 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 acquiring an additional 5 shares in the last quarter. Guardian Life Insurance Co. of America boosted 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 acquiring an additional 13 shares in the last quarter. Winfield Associates Inc. boosted 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 acquiring an additional 15 shares in the last quarter. Modera Wealth Management LLC boosted 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 acquiring an additional 15 shares in the last quarter. Finally, First Personal Financial Services boosted 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 acquiring an additional 21 shares in the last quarter. 74.20% of the stock is owned by institutional investors and hedge funds.

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A number of brokerages recently issued reports on LOW. Goldman Sachs Group, Inc. (The) decreased their target price on Lowe’s Companies from $97.00 to $96.00 and set a “buy” rating for the company in a research report on Thursday, May 25th. Stifel Nicolaus decreased their target price on Lowe’s Companies from $89.00 to $87.00 and set a “buy” rating for the company in a research report on Thursday, May 25th. Jefferies Group LLC reissued a “hold” rating and issued a $89.00 target price (down from $94.00) on shares of Lowe’s Companies in a research report on Sunday, May 28th. Wolfe Research reissued an “outperform” rating and issued a $94.00 target price (down from $95.00) on shares of Lowe’s Companies in a research report on Sunday, May 28th. Finally, Oppenheimer Holdings, Inc. set a $100.00 target price on Lowe’s Companies and gave the company a “buy” rating in a research report on Wednesday, May 24th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the company. Lowe’s Companies currently has an average rating of “Hold” and an average price target of $85.00.

Shares of Lowe’s Companies, Inc. (LOW) traded up 0.265% during trading on Wednesday, hitting $77.695. The stock had a trading volume of 3,513,096 shares. The firm has a market cap of $64.71 billion, a P/E ratio of 22.060 and a beta of 1.07. The firm’s 50-day moving average is $76.25 and its 200-day moving average is $79.59. Lowe’s Companies, Inc. has a one year low of $64.87 and a one year high of $86.25. Lowe’s Companies also was the target of unusually large options trading on Monday. Stock investors purchased 6,466 put options on the stock. This represents an increase of 538% compared to the typical volume of 1,014 put options.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($0.05). The business had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.58 billion. Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.37 earnings per share. Equities research analysts forecast that Lowe’s Companies, Inc. will post $4.50 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Shareholders of record on Wednesday, October 25th will be given a $0.41 dividend. The ex-dividend date of this dividend is Tuesday, October 24th. This represents a $1.64 dividend on an annualized basis and a yield of 2.12%. Lowe’s Companies’s dividend payout ratio (DPR) is 46.20%.

Lowe’s Companies 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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