Canandaigua National Bank & Trust Co. reduced its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 2.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,807 shares of the home improvement retailer’s stock after selling 797 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in Lowe’s Companies were worth $2,233,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in LOW. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in shares of Lowe’s Companies by 112.5% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 51,092 shares of the home improvement retailer’s stock worth $3,955,000 after purchasing an additional 27,045 shares in the last quarter. Penserra Capital Management LLC grew its position in shares of Lowe’s Companies by 13.0% during the 2nd quarter. Penserra Capital Management LLC now owns 2,548 shares of the home improvement retailer’s stock worth $197,000 after purchasing an additional 294 shares in the last quarter. Intrust Bank NA grew its position in shares of Lowe’s Companies by 17.1% during the 2nd quarter. Intrust Bank NA now owns 7,356 shares of the home improvement retailer’s stock worth $570,000 after purchasing an additional 1,074 shares in the last quarter. Royce & Associates LP grew its position in shares of Lowe’s Companies by 24.0% during the 2nd quarter. Royce & Associates LP now owns 62,000 shares of the home improvement retailer’s stock worth $4,807,000 after purchasing an additional 12,000 shares in the last quarter. Finally, Coho Partners Ltd. grew its position in shares of Lowe’s Companies by 26.4% during the 2nd quarter. Coho Partners Ltd. now owns 2,004,217 shares of the home improvement retailer’s stock worth $155,387,000 after purchasing an additional 418,267 shares in the last quarter. 74.11% of the stock is currently owned by hedge funds and other institutional investors.

In other Lowe’s Companies news, insider Paul D. Ramsay sold 2,098 shares of the company’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 completion of the transaction, the insider now directly 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 can be accessed through the SEC website. Also, SVP Matthew V. Hollifield sold 7,853 shares of the company’s stock in a transaction on Friday, September 22nd. The stock was 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 owns 30,750 shares of the company’s stock, valued at $2,407,725. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by corporate insiders.

A number of research analysts have issued reports on the stock. Longbow Research restated a “buy” rating and set a $95.00 target price on shares of Lowe’s Companies in a research report on Monday, August 14th. Jefferies Group LLC restated a “hold” rating and set a $75.00 target price on shares of Lowe’s Companies in a research report on Thursday, September 28th. Zacks Investment Research upgraded shares of 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. Piper Jaffray Companies restated a “hold” rating and set a $80.00 target price on shares of Lowe’s Companies in a research report on Friday, September 29th. Finally, Gordon Haskett assumed coverage on shares of Lowe’s Companies in a research report on Tuesday, October 3rd. They set an “accumulate” rating and a $88.00 target price on the stock. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $85.32.

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Lowe’s Companies, Inc. (LOW) opened at 81.20 on Tuesday. The company’s 50-day moving average is $78.58 and its 200-day moving average is $79.37. Lowe’s Companies, Inc. has a 52 week low of $64.87 and a 52 week high of $86.25. The company has a market cap of $67.62 billion, a P/E ratio of 23.06 and a beta of 1.07.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 EPS 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 firm had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.58 billion. During the same quarter in the prior year, the company earned $1.37 earnings per share. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. On average, analysts anticipate 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. Shareholders 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 annualized dividend and a yield of 2.02%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 46.20%.

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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