Community Bank N.A. increased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,616 shares of the home improvement retailer’s stock after acquiring an additional 223 shares during the quarter. Community Bank N.A.’s holdings in Lowe’s Companies were worth $1,133,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SRS Capital Advisors Inc. raised its stake 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. Harbour Capital Advisors LLC bought a new position in shares of Lowe’s Companies during the 1st quarter worth approximately $103,000. Hanson McClain Inc. raised its stake in shares of Lowe’s Companies by 3.5% during the 1st quarter. Hanson McClain Inc. now owns 1,337 shares of the home improvement retailer’s stock worth $110,000 after acquiring an additional 45 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Lowe’s Companies by 8.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 1,440 shares of the home improvement retailer’s stock worth $111,000 after acquiring an additional 110 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Lowe’s Companies during the 1st quarter worth approximately $119,000. Hedge funds and other institutional investors own 74.22% of the company’s stock.

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

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Shares of Lowe’s Companies, Inc. (NYSE:LOW) opened at 81.86 on Friday. The company’s 50-day moving average is $77.32 and its 200-day moving average is $79.43. The stock has a market capitalization of $68.17 billion, a P/E ratio of 23.24 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 (NYSE:LOW) last announced its earnings results 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 business had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.58 billion. Lowe’s Companies had a net margin of 4.51% and a return on equity of 62.02%. The business’s revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.37 earnings per share. On average, equities research analysts anticipate that Lowe’s Companies, Inc. will post $4.50 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Wednesday, October 25th will be issued a $0.41 dividend. The ex-dividend date is Tuesday, October 24th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.00%. Lowe’s Companies’s payout ratio is 46.20%.

LOW has been the subject of several recent analyst reports. BMO Capital Markets reiterated a “buy” rating and set a $89.00 price objective on shares of Lowe’s Companies in a research note on Thursday, July 20th. Zacks Investment Research upgraded shares of Lowe’s Companies from a “sell” rating to a “hold” rating in a research note on Monday, September 11th. J P Morgan Chase & Co reiterated a “neutral” rating and set a $83.00 price objective (down previously from $89.00) on shares of Lowe’s Companies in a research note on Thursday, August 24th. Longbow Research reiterated a “buy” rating and set a $95.00 price objective on shares of Lowe’s Companies in a research note on Monday, August 14th. Finally, Morgan Stanley reduced their price objective on shares of Lowe’s Companies from $88.00 to $81.00 and set an “overweight” rating for the company in a research note on Thursday, August 24th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $85.32.

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.

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

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