Kovitz Investment Group Partners LLC continued to hold its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,593 shares of the home improvement retailer’s stock at the end of the 2nd quarter. Kovitz Investment Group Partners LLC’s holdings in Lowe’s Companies were worth $201,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Waldron LP purchased a new position in Lowe’s Companies during the first quarter valued at $364,000. Usca Ria LLC lifted its position in Lowe’s Companies by 3.7% during the first quarter. Usca Ria LLC now owns 4,874 shares of the home improvement retailer’s stock valued at $401,000 after purchasing an additional 175 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in Lowe’s Companies by 4.6% during the first quarter. Sequoia Financial Advisors LLC now owns 3,245 shares of the home improvement retailer’s stock valued at $267,000 after purchasing an additional 142 shares in the last quarter. Grimes & Company Inc. purchased a new position in Lowe’s Companies during the first quarter valued at $331,000. Finally, LSV Asset Management lifted its position in Lowe’s Companies by 29.4% during the first quarter. LSV Asset Management now owns 68,600 shares of the home improvement retailer’s stock valued at $5,639,000 after purchasing an additional 15,600 shares in the last quarter. 74.20% of the stock is owned by institutional investors.

In other Lowe’s Companies news, SVP Matthew V. Hollifield sold 7,853 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $78.30, for a total value of $614,889.90. Following the transaction, the senior vice president now directly owns 30,750 shares of the company’s stock, valued at approximately $2,407,725. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul D. Ramsay sold 2,098 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $78.02, for a total transaction of $163,685.96. Following the completion of the transaction, the insider now directly owns 8,400 shares in the company, valued at $655,368. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

Shares of Lowe’s Companies, Inc. (LOW) opened at 79.94 on Friday. The company has a market capitalization of $66.57 billion, a PE ratio of 22.70 and a beta of 1.07. The firm’s 50-day moving average price is $76.25 and its 200 day moving average price is $79.59. Lowe’s Companies, Inc. has a 52 week low of $64.87 and a 52 week high of $86.25.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share 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 company had revenue of $19.50 billion during the quarter, compared to analysts’ expectations of $19.58 billion. During the same period in the prior year, the business posted $1.37 earnings per share. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. Equities analysts predict that Lowe’s Companies, Inc. will post $4.50 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Shareholders of record on Wednesday, October 25th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Tuesday, October 24th. Lowe’s Companies’s dividend payout ratio (DPR) is 46.20%.

Several research firms recently weighed in on LOW. Sanford C. Bernstein reiterated an “underperform” rating and set a $69.00 target price on shares of Lowe’s Companies in a research report on Wednesday, July 12th. BidaskClub upgraded Lowe’s Companies from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 2nd. 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. Zacks Investment Research upgraded Lowe’s Companies from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research report on Friday, August 11th. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $80.00 target price (down from $83.00) on shares of Lowe’s Companies 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 company. The company currently has a consensus rating of “Hold” and a consensus price target of $85.00.

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Lowe’s Companies Company 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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