Oppenheimer Asset Management Inc. grew its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 52.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,399 shares of the home improvement retailer’s stock after purchasing an additional 21,404 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Lowe’s Companies were worth $5,963,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. ClariVest Asset Management LLC acquired a new position in shares of Lowe’s Companies in the 1st quarter valued at about $118,000. Rainier Group Investment Advisory LLC acquired a new position in shares of Lowe’s Companies in the 1st quarter valued at about $121,000. NuWave Investment Management LLC acquired a new position in shares of Lowe’s Companies in the 2nd quarter valued at about $126,000. FNY Investment Advisers LLC acquired a new position in shares of Lowe’s Companies in the 2nd quarter valued at about $127,000. Finally, Jacobi Capital Management LLC lifted its stake in shares of Lowe’s Companies by 88.8% in the 1st quarter. Jacobi Capital Management LLC now owns 1,524 shares of the home improvement retailer’s stock valued at $129,000 after purchasing an additional 717 shares during the period. 74.12% of the stock is currently owned by institutional investors.

LOW stock opened at $107.88 on Friday. Lowe’s Companies, Inc. has a fifty-two week low of $73.28 and a fifty-two week high of $109.80. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.25 and a current ratio of 1.06. The company has a market cap of $88.36 billion, a P/E ratio of 24.57, a PEG ratio of 1.46 and a beta of 1.32.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, August 22nd. The home improvement retailer reported $2.07 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.05. The firm had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.79 billion. Lowe’s Companies had a return on equity of 71.96% and a net margin of 5.58%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.57 EPS. equities research analysts forecast that Lowe’s Companies, Inc. will post 5.22 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 7th. Shareholders of record on Wednesday, October 24th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date is Tuesday, October 23rd. Lowe’s Companies’s dividend payout ratio is currently 43.74%.

LOW has been the topic of a number of recent analyst reports. Credit Suisse Group set a $111.00 price objective on Lowe’s Companies and gave the company a “buy” rating in a research note on Monday, May 14th. Zacks Investment Research raised Lowe’s Companies from a “sell” rating to a “hold” rating in a research note on Friday, May 18th. Wells Fargo & Co reissued a “buy” rating and issued a $100.00 price objective on shares of Lowe’s Companies in a research note on Tuesday, May 22nd. Loop Capital raised Lowe’s Companies from a “hold” rating to a “buy” rating and set a $107.00 price objective on the stock in a research note on Wednesday, May 23rd. Finally, Wedbush set a $92.00 price objective on Lowe’s Companies and gave the company a “hold” rating in a research note on Thursday, May 24th. Ten analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $111.41.

In related news, Director Lisa W. Wardell acquired 273 shares of the firm’s stock in a transaction on Friday, August 24th. The stock was purchased at an average cost of $107.72 per share, with a total value of $29,407.56. Following the acquisition, the director now owns 273 shares of the company’s stock, valued at approximately $29,407.56. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Matthew V. Hollifield sold 12,362 shares of the business’s stock in a transaction that occurred on Friday, June 8th. The stock was sold at an average price of $99.56, for a total value of $1,230,760.72. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.

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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