Midwest Investment Management LLC raised its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 0.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,993 shares of the home improvement retailer’s stock after purchasing an additional 150 shares during the quarter. Lowe’s Companies accounts for approximately 1.7% of Midwest Investment Management LLC’s investment portfolio, making the stock its 23rd biggest position. Midwest Investment Management LLC’s holdings in Lowe’s Companies were worth $2,015,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. SRS Capital Advisors Inc. boosted its holdings in shares of Lowe’s Companies by 0.4% in the 1st quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock valued at $101,000 after purchasing an additional 5 shares in the last quarter. Guardian Life Insurance Co. of America boosted its holdings in shares of Lowe’s Companies by 0.4% in the 1st quarter. Guardian Life Insurance Co. of America now owns 3,346 shares of the home improvement retailer’s stock valued at $275,000 after purchasing an additional 13 shares in the last quarter. Winfield Associates Inc. boosted its holdings in shares of Lowe’s Companies by 0.6% in the 1st quarter. Winfield Associates Inc. now owns 2,392 shares of the home improvement retailer’s stock valued at $196,000 after purchasing an additional 15 shares in the last quarter. Modera Wealth Management LLC boosted its holdings in shares of Lowe’s Companies by 0.3% in the 1st quarter. Modera Wealth Management LLC now owns 4,927 shares of the home improvement retailer’s stock valued at $405,000 after purchasing an additional 15 shares in the last quarter. Finally, Alps Advisors Inc. boosted its holdings in shares of Lowe’s Companies by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 5,844 shares of the home improvement retailer’s stock valued at $453,000 after purchasing an additional 15 shares in the last quarter. 74.22% of the stock is currently owned by hedge funds and other institutional investors.

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Lowe’s Companies, Inc. (NYSE LOW) opened at 81.86 on Monday. The company has a market capitalization of $68.17 billion, a price-to-earnings ratio of 23.24 and a beta of 1.07. The company’s 50-day moving average price is $77.32 and its 200 day moving average price is $79.43. Lowe’s Companies, Inc. has a 12 month low of $64.87 and a 12 month high of $86.25.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (EPS) for the quarter, missing the 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 for the quarter, compared to analysts’ expectations of $19.58 billion. During the same quarter in the previous year, the company earned $1.37 earnings per share. The business’s quarterly 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. Shareholders of record on Wednesday, October 25th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, October 24th. This represents a $1.64 annualized dividend and a yield of 2.00%. Lowe’s Companies’s payout ratio is 46.20%.

In other news, SVP Matthew V. Hollifield sold 7,853 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $2,407,725. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Paul D. Ramsay sold 2,098 shares of the company’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 transaction, the insider now directly owns 8,400 shares of the company’s stock, valued at $655,368. The disclosure for this sale can be found here. Corporate insiders own 0.11% of the company’s stock.

A number of equities research analysts have weighed in on LOW shares. Longbow Research reaffirmed a “buy” rating and issued a $95.00 target price on shares of Lowe’s Companies in a report on Monday, August 14th. Zacks Investment Research cut Lowe’s Companies from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Deutsche Bank AG reiterated a “buy” rating and issued a $90.00 price target (up from $85.00) on shares of Lowe’s Companies in a research note on Friday. BidaskClub upgraded Lowe’s Companies from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $94.00 price target on shares of Lowe’s Companies in a research note on Monday, August 21st. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Lowe’s Companies has an average rating of “Hold” and a consensus 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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