Northeast Investment Management increased its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 3.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 196,101 shares of the home improvement retailer’s stock after purchasing an additional 7,304 shares during the quarter. Lowe’s Companies comprises about 1.4% of Northeast Investment Management’s holdings, making the stock its 28th largest position. Northeast Investment Management’s holdings in Lowe’s Companies were worth $15,204,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Lowe’s Companies by 4.3% in the first 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 grew its position in shares of Lowe’s Companies by 11.8% in the second 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 purchased a new position in shares of Lowe’s Companies in the first quarter valued at $727,000. Dimensional Fund Advisors LP grew its position in shares of Lowe’s Companies by 2.5% in the first 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. grew its position in shares of Lowe’s Companies by 170.7% in the first 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. Institutional investors own 74.22% of the company’s stock.

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Lowe’s Companies, Inc. (NYSE LOW) opened at 81.10 on Wednesday. The company’s 50-day moving average price is $77.76 and its 200 day moving average price is $79.38. The stock has a market capitalization of $67.54 billion, a PE ratio of 23.03 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 (NYSE:LOW) last issued its quarterly earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.62 by ($0.05). Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. The business had revenue of $19.50 billion during the quarter, compared to analysts’ expectations of $19.58 billion. During the same quarter in the previous year, the company posted $1.37 EPS. The company’s quarterly revenue was up 6.8% on a year-over-year basis. Equities 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 paid a $0.41 dividend. The ex-dividend date of this dividend is Tuesday, October 24th. This represents a $1.64 dividend on an annualized basis and a yield of 2.02%. Lowe’s Companies’s payout ratio is presently 46.20%.

In other Lowe’s Companies news, insider Paul D. Ramsay sold 2,098 shares of the stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $78.02, for a total value of $163,685.96. Following the completion of the sale, the insider now owns 8,400 shares in the company, valued at approximately $655,368. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Matthew V. Hollifield sold 7,853 shares of the firm’s stock in a transaction dated 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 owns 30,750 shares of the company’s stock, valued at approximately $2,407,725. The disclosure for this sale can be found here. Corporate insiders own 0.11% of the company’s stock.

Several equities analysts have recently weighed in on the company. Bank of America Corporation assumed coverage on Lowe’s Companies in a research report on Tuesday, September 5th. They issued a “buy” rating and a $95.00 price target for the company. Zacks Investment Research upgraded Lowe’s Companies from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a research report on Friday, August 11th. BMO Capital Markets reiterated a “buy” rating and issued a $89.00 price target on shares of Lowe’s Companies in a research report on Thursday, July 20th. Jefferies Group LLC reiterated a “hold” rating and issued a $89.00 price target on shares of Lowe’s Companies in a research report on Friday, July 21st. Finally, Royal Bank Of Canada reduced their price target on Lowe’s Companies from $85.00 to $81.00 and set an “outperform” rating for the company in a research report on Thursday, August 24th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned 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 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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