Sun Life Financial INC lifted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 15,946.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,258 shares of the home improvement retailer’s stock after purchasing an additional 6,219 shares during the quarter. Sun Life Financial INC’s holdings in Lowe’s Companies were worth $485,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of LOW. SRS Capital Advisors Inc. grew its position in Lowe’s Companies by 0.4% in the first 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 during the period. Harbour Capital Advisors LLC purchased a new position in Lowe’s Companies in the first quarter worth approximately $103,000. State of Alaska Department of Revenue grew its position in Lowe’s Companies by 8.3% in the second 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 during the period. Balentine LLC purchased a new position in Lowe’s Companies in the first quarter worth approximately $120,000. Finally, Proficio Capital Partners LLC grew its position in Lowe’s Companies by 140.4% in the first quarter. Proficio Capital Partners LLC now owns 1,589 shares of the home improvement retailer’s stock worth $127,000 after acquiring an additional 928 shares during the period. 74.38% of the stock is owned by hedge funds and other institutional investors.

Shares of Lowe’s Companies, Inc. (NYSE:LOW) opened at $79.47 on Friday. Lowe’s Companies, Inc. has a 52 week low of $66.55 and a 52 week high of $86.25. The company has a quick ratio of 0.19, a current ratio of 1.03 and a debt-to-equity ratio of 2.85. The firm has a market capitalization of $65,595.70, a price-to-earnings ratio of 18.06, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13.

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 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 business had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.58 billion. During the same quarter in the prior year, the business earned $1.37 earnings per share. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. equities research analysts predict that Lowe’s Companies, Inc. will post 4.5 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Tuesday, January 23rd. Lowe’s Companies’s dividend payout ratio is presently 46.20%.

In other Lowe’s Companies news, insider Paul D. Ramsay sold 2,098 shares of the firm’s 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 sale, the insider now directly owns 8,400 shares in the company, valued at $655,368. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Matthew V. Hollifield sold 7,853 shares of the firm’s stock in a transaction 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 completion of the sale, the senior vice president now owns 30,750 shares in the company, valued at $2,407,725. The disclosure for this sale can be found here. 0.11% of the stock is owned by company insiders.

LOW has been the subject of several analyst reports. Gordon Haskett initiated coverage on Lowe’s Companies in a research report on Tuesday, October 3rd. They issued an “accumulate” rating and a $88.00 price objective for the company. BMO Capital Markets reiterated a “buy” rating and issued a $89.00 price objective on shares of Lowe’s Companies in a research report on Thursday, July 20th. Oppenheimer Holdings, Inc. set a $100.00 price objective on Lowe’s Companies and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. Stifel Nicolaus reiterated a “buy” rating and issued a $87.00 price objective on shares of Lowe’s Companies in a research report on Friday, July 21st. Finally, BTIG Research reiterated a “buy” rating and issued a $95.00 price objective on shares of Lowe’s Companies in a research report on Friday, August 18th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $85.62.

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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.

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

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