Bank of Stockton raised its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,670 shares of the home improvement retailer’s stock after buying an additional 30 shares during the period. Bank of Stockton’s holdings in Lowe’s Companies were worth $362,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Lowe’s Companies by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 63,871,103 shares of the home improvement retailer’s stock valued at $5,250,843,000 after purchasing an additional 2,650,045 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Lowe’s Companies by 11.8% during the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 105,471 shares of the home improvement retailer’s stock valued at $8,177,000 after purchasing an additional 11,119 shares in the last quarter. Blue Edge Capital LLC bought a new stake in shares of Lowe’s Companies during the 1st quarter valued at about $727,000. Dimensional Fund Advisors LP boosted its position in shares of Lowe’s Companies by 2.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,425,597 shares of the home improvement retailer’s stock valued at $199,407,000 after purchasing an additional 60,109 shares in the last quarter. Finally, KCG Holdings Inc. boosted its position in shares of Lowe’s Companies by 170.7% during the 1st quarter. KCG Holdings Inc. now owns 69,485 shares of the home improvement retailer’s stock valued at $5,712,000 after purchasing an additional 43,815 shares in the last quarter. Hedge funds and other institutional investors own 74.20% of the company’s stock.

Several equities research analysts recently commented on LOW shares. BMO Capital Markets restated a “buy” rating and set a $89.00 target price on shares of Lowe’s Companies in a research report on Thursday, July 20th. Zacks Investment Research upgraded Lowe’s Companies from a “sell” rating to a “hold” rating in a research report on Monday, September 11th. J P Morgan Chase & Co restated a “neutral” rating and set a $83.00 target price (down previously from $89.00) on shares of Lowe’s Companies in a research report on Thursday, August 24th. Longbow Research restated a “buy” rating and set a $95.00 target price on shares of Lowe’s Companies in a research report on Monday, August 14th. Finally, Morgan Stanley cut their target price on Lowe’s Companies from $88.00 to $81.00 and set an “overweight” rating on the stock in a research report on Thursday, August 24th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $85.00.

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Lowe’s Companies, Inc. (LOW) opened at 77.49 on Wednesday. The company’s 50-day moving average price is $76.25 and its 200-day moving average price is $79.59. The stock 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 one year low of $64.87 and a one year high of $86.25. Lowe’s Companies also was the recipient of some unusual options trading activity on Monday. Investors bought 6,466 put options on the company. This is an increase of approximately 538% compared to the average daily volume of 1,014 put options.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 EPS for the quarter, missing the Zacks’ consensus estimate of $1.62 by ($0.05). Lowe’s Companies had a net margin of 4.51% and a return on equity of 62.02%. The business had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.58 billion. During the same period in the previous year, the business posted $1.37 EPS. The firm’s revenue was up 6.8% on a year-over-year basis. Analysts forecast that Lowe’s Companies, Inc. will post $4.50 EPS for the current fiscal year.

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

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.

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

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