Meeder Asset Management Inc. increased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 1,460.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,845 shares of the home improvement retailer’s stock after buying an additional 8,278 shares during the period. Meeder Asset Management Inc.’s holdings in Lowe’s Companies were worth $707,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in LOW. Hyman Charles D boosted its position in shares of Lowe’s Companies by 12.4% in the 1st quarter. Hyman Charles D now owns 4,455 shares of the home improvement retailer’s stock worth $366,000 after buying an additional 493 shares in the last quarter. BB&T Securities LLC lifted its holdings in shares of Lowe’s Companies by 33.1% during the 1st quarter. BB&T Securities LLC now owns 379,365 shares of the home improvement retailer’s stock worth $31,187,000 after acquiring an additional 94,364 shares during the period. LMR Partners LLP purchased a new position in shares of Lowe’s Companies during the 1st quarter worth about $568,000. ZWJ Investment Counsel Inc. lifted its holdings in shares of Lowe’s Companies by 18.1% during the 1st quarter. ZWJ Investment Counsel Inc. now owns 11,924 shares of the home improvement retailer’s stock worth $980,000 after acquiring an additional 1,830 shares during the period. Finally, First Business Financial Services Inc. increased its position in Lowe’s Companies by 126.9% during the 1st quarter. First Business Financial Services Inc. now owns 6,568 shares of the home improvement retailer’s stock worth $540,000 after purchasing an additional 3,673 shares in the last quarter. Institutional investors and hedge funds own 72.85% of the company’s stock.

Several analysts have issued reports on LOW shares. Atlantic Securities downgraded shares of Lowe’s Companies from an “overweight” rating to a “neutral” rating and set a $92.00 price objective for the company. in a research report on Tuesday. Piper Jaffray Companies reissued a “hold” rating and set a $82.00 price target on shares of Lowe’s Companies in a research report on Friday, November 24th. UBS raised their price objective on Lowe’s Companies from $89.00 to $93.00 and gave the stock a “buy” rating in a research note on Wednesday, November 22nd. Credit Suisse Group set a $88.00 price objective on Lowe’s Companies and gave the stock a “hold” rating in a research note on Friday, November 24th. Finally, Robert W. Baird set a $87.00 price objective on Lowe’s Companies and gave the stock a “buy” rating in a research note on Thursday, August 24th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have assigned a buy rating to the stock. Lowe’s Companies has an average rating of “Hold” and a consensus price target of $87.40.

In related news, insider Paul D. Ramsay sold 2,098 shares of Lowe’s Companies stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $78.02, for a total value of $163,685.96. Following the transaction, the insider now owns 8,400 shares of the company’s stock, valued at approximately $655,368. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 value of $614,889.90. Following the completion of the transaction, the senior vice president now directly owns 30,750 shares in the company, valued at approximately $2,407,725. The disclosure for this sale can be found here. Insiders sold a total of 13,303 shares of company stock worth $1,047,406 in the last three months. 0.11% of the stock is currently owned by company insiders.

Shares of Lowe’s Companies, Inc. (LOW) traded up $0.86 on Friday, reaching $84.23. The company had a trading volume of 4,935,498 shares, compared to its average volume of 6,309,565. The stock has a market cap of $69,280.47, a PE ratio of 18.49, a P/E/G ratio of 1.34 and a beta of 1.15. Lowe’s Companies, Inc. has a 1 year low of $70.49 and a 1 year high of $86.25. The company has a debt-to-equity ratio of 2.71, a current ratio of 1.02 and a quick ratio of 0.12.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.03. The firm had revenue of $16.77 billion for the quarter, compared to analysts’ expectations of $16.59 billion. Lowe’s Companies had a return on equity of 66.27% and a net margin of 5.16%. Lowe’s Companies’s revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the business posted $0.88 EPS. equities analysts anticipate that Lowe’s Companies, Inc. will post 4.51 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Investors of record on Wednesday, January 24th will be paid a $0.41 dividend. The ex-dividend date is Tuesday, January 23rd. This represents a $1.64 dividend on an annualized basis and a yield of 1.95%. Lowe’s Companies’s dividend payout ratio is currently 39.33%.

COPYRIGHT VIOLATION WARNING: This news story was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States & international copyright and trademark law. The legal version of this news story can be accessed at https://www.thecerbatgem.com/2017/12/02/meeder-asset-management-inc-acquires-8278-shares-of-lowes-companies-inc-low.html.

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)

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.