First Bank & Trust continued to hold its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,421 shares of the home improvement retailer’s stock at the close of the second quarter. First Bank & Trust’s holdings in Lowe’s Companies were worth $110,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. SRS Capital Advisors Inc. grew its holdings in shares of Lowe’s Companies by 0.4% during the first quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock valued at $101,000 after buying an additional 5 shares during the last quarter. Harbour Capital Advisors LLC purchased a new stake in shares of Lowe’s Companies during the first quarter valued at $103,000. Hanson McClain Inc. grew its holdings in shares of Lowe’s Companies by 3.5% during the first quarter. Hanson McClain Inc. now owns 1,337 shares of the home improvement retailer’s stock valued at $110,000 after buying an additional 45 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Lowe’s Companies by 8.3% during the second quarter. State of Alaska Department of Revenue now owns 1,440 shares of the home improvement retailer’s stock valued at $111,000 after buying an additional 110 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Lowe’s Companies during the first quarter valued at $119,000. 74.20% of the stock is currently owned by institutional investors and hedge funds.

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A number of equities research analysts have recently weighed in on the stock. Royal Bank Of Canada reissued a “buy” rating and set a $81.00 price objective on shares of Lowe’s Companies in a report on Monday. Zacks Investment Research raised shares of Lowe’s Companies from a “sell” rating to a “hold” rating in a report on Thursday, September 21st. Bank of America Corporation began coverage on shares of Lowe’s Companies in a report on Tuesday, September 5th. They set a “buy” rating and a $95.00 price objective on the stock. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $83.00 price target (down from $89.00) on shares of Lowe’s Companies in a report on Thursday, August 24th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $75.00 price target (down from $89.00) on shares of Lowe’s Companies in a report on Thursday, August 24th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $85.00.

Lowe’s Companies, Inc. (NYSE LOW) opened at 79.23 on Thursday. The company’s 50 day moving average is $76.25 and its 200 day moving average is $79.59. The firm has a market cap of $65.98 billion, a P/E ratio of 22.50 and a beta of 1.07. Lowe’s Companies, Inc. has a 52-week low of $64.87 and a 52-week high of $86.25. Lowe’s Companies also was the recipient of unusually large options trading activity on Monday. Stock traders bought 21,236 call options on the company. This is an increase of approximately 152% compared to the average volume of 8,438 call options.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 8th. Investors of record on Wednesday, October 25th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Tuesday, October 24th. Lowe’s Companies’s dividend payout ratio is currently 46.20%.

In related news, insider Paul D. Ramsay sold 2,098 shares of the business’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $78.02, for a total transaction of $163,685.96. Following the sale, the insider now owns 8,400 shares of the company’s stock, valued at $655,368. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Matthew V. Hollifield sold 7,853 shares of the business’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $78.30, for a total transaction of $614,889.90. Following the sale, the senior vice president now directly owns 30,750 shares in the company, valued at approximately $2,407,725. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by insiders.

Lowe’s Companies Profile

Lowe’s Companies, Inc (Lowe’s) is a 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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