Sei Investments Co. grew its position in Lowe’s Companies, Inc. (NYSE:LOW) by 132.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 993,878 shares of the home improvement retailer’s stock after acquiring an additional 566,366 shares during the quarter. Sei Investments Co. owned about 0.12% of Lowe’s Companies worth $94,984,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Global X Management Co. LLC boosted its holdings in Lowe’s Companies by 14.0% in the 1st quarter. Global X Management Co. LLC now owns 16,156 shares of the home improvement retailer’s stock worth $1,418,000 after buying an additional 1,984 shares during the period. MRJ Capital Inc. lifted its holdings in shares of Lowe’s Companies by 4.1% during the 1st quarter. MRJ Capital Inc. now owns 60,600 shares of the home improvement retailer’s stock worth $5,317,000 after acquiring an additional 2,400 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Lowe’s Companies by 27.4% during the 1st quarter. Daiwa Securities Group Inc. now owns 33,599 shares of the home improvement retailer’s stock worth $2,948,000 after acquiring an additional 7,220 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH lifted its holdings in shares of Lowe’s Companies by 29.8% during the 1st quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 52,479 shares of the home improvement retailer’s stock worth $4,488,000 after acquiring an additional 12,048 shares during the last quarter. Finally, Biondo Investment Advisors LLC lifted its holdings in shares of Lowe’s Companies by 4.2% during the 1st quarter. Biondo Investment Advisors LLC now owns 51,031 shares of the home improvement retailer’s stock worth $4,478,000 after acquiring an additional 2,060 shares during the last quarter. 75.04% of the stock is owned by institutional investors and hedge funds.

In other Lowe’s Companies news, SVP Matthew V. Hollifield sold 12,362 shares of the business’s stock in a transaction dated Friday, June 8th. The shares were sold at an average price of $99.56, for a total value of $1,230,760.72. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.30% of the stock is currently owned by insiders.

A number of analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Lowe’s Companies from a “hold” rating to a “sell” rating in a report on Thursday, May 24th. Wedbush set a $92.00 price objective on shares of Lowe’s Companies and gave the stock a “hold” rating in a report on Thursday, May 24th. Royal Bank of Canada lifted their price objective on shares of Lowe’s Companies to $104.00 and gave the stock an “outperform” rating in a report on Thursday, May 24th. Credit Suisse Group set a $111.00 price objective on shares of Lowe’s Companies and gave the stock a “buy” rating in a report on Wednesday, May 23rd. Finally, Loop Capital raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $107.00 price objective for the company in a report on Wednesday, May 23rd. Eight research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. Lowe’s Companies has a consensus rating of “Buy” and an average target price of $102.71.

Shares of Lowe’s Companies opened at $98.97 on Wednesday, Marketbeat reports. Lowe’s Companies, Inc. has a 52 week low of $70.76 and a 52 week high of $108.98. The firm has a market capitalization of $79.68 billion, a P/E ratio of 22.54, a price-to-earnings-growth ratio of 1.07 and a beta of 1.32. The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.18 and a current ratio of 1.02.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, May 23rd. The home improvement retailer reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.03). Lowe’s Companies had a net margin of 5.55% and a return on equity of 66.36%. The firm had revenue of $17.36 billion during the quarter, compared to analysts’ expectations of $17.44 billion. During the same quarter in the previous year, the firm posted $1.03 EPS. Lowe’s Companies’s revenue was up 3.0% compared to the same quarter last year. equities analysts forecast that Lowe’s Companies, Inc. will post 5.44 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 8th. Shareholders of record on Wednesday, July 25th will be given a $0.48 dividend. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Tuesday, July 24th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.94%. Lowe’s Companies’s payout ratio is presently 43.74%.

About Lowe’s Companies

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal and outdoor living, lawn and garden, paint, millwork, flooring, and kitchens, as well as outdoor power equipment.

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

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