Flinton Capital Management LLC lifted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 11.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,968 shares of the home improvement retailer’s stock after buying an additional 1,056 shares during the period. Flinton Capital Management LLC’s holdings in Lowe’s Companies were worth $773,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of Lowe’s Companies by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 64,769,014 shares of the home improvement retailer’s stock valued at $5,021,542,000 after buying an additional 897,911 shares during the last quarter. BlackRock Inc. grew its position in shares of Lowe’s Companies by 1,757.3% in the 1st quarter. BlackRock Inc. now owns 61,377,883 shares of the home improvement retailer’s stock valued at $5,045,875,000 after buying an additional 58,073,138 shares during the last quarter. FMR LLC grew its position in Lowe’s Companies by 62.6% during the 2nd quarter. FMR LLC now owns 9,694,439 shares of the home improvement retailer’s stock worth $751,610,000 after purchasing an additional 3,732,153 shares during the last quarter. Ameriprise Financial Inc. grew its position in Lowe’s Companies by 0.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 9,281,474 shares of the home improvement retailer’s stock worth $719,560,000 after purchasing an additional 64,780 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Lowe’s Companies by 8.2% during the 1st quarter. Geode Capital Management LLC now owns 8,848,938 shares of the home improvement retailer’s stock worth $726,481,000 after purchasing an additional 671,581 shares during the last quarter. 74.38% 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 Lowe’s Companies 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 completion of the transaction, the insider now owns 8,400 shares in the company, valued at $655,368. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Matthew V. Hollifield sold 7,853 shares of Lowe’s Companies stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $78.30, for a total transaction 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. Insiders own 0.11% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Lowe’s Companies, Inc. (LOW) Position Lifted by Flinton Capital Management LLC” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark laws. The original version of this news story can be accessed at https://www.thecerbatgem.com/2017/11/19/lowes-companies-inc-low-position-lifted-by-flinton-capital-management-llc.html.

Lowe’s Companies, Inc. (NYSE:LOW) opened at $80.22 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.19 and a debt-to-equity ratio of 2.85. The stock has a market cap of $67,144.14, a PE ratio of 18.48, a price-to-earnings-growth ratio of 1.29 and a beta of 1.13. Lowe’s Companies, Inc. has a 52-week low of $67.77 and a 52-week 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.05). The business had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.58 billion. Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. The business’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.37 EPS. equities analysts expect that Lowe’s Companies, Inc. will post 4.5 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Tuesday, January 23rd. Lowe’s Companies’s payout ratio is currently 46.20%.

Several brokerages have issued reports on LOW. Longbow Research reissued a “buy” rating and set a $95.00 price objective on shares of Lowe’s Companies in a research report on Monday, August 14th. Jefferies Group LLC reissued a “hold” rating and set a $75.00 price objective on shares of Lowe’s Companies in a research report on Thursday, September 28th. Zacks Investment Research raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a research report on Friday, August 11th. Piper Jaffray Companies reissued a “hold” rating and set a $80.00 price objective on shares of Lowe’s Companies in a research report on Friday, September 29th. Finally, Gordon Haskett began coverage on shares of Lowe’s Companies in a research report on Tuesday, October 3rd. They set an “accumulate” rating and a $88.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $85.62.

About Lowe’s Companies

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.

Want to see what other hedge funds are holding LOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lowe’s Companies, Inc. (NYSE:LOW).

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

Receive News & Stock Ratings for Lowe's Companies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies Inc. and related stocks with our FREE daily email newsletter.