Toronto Dominion Bank lessened its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 24.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 557,477 shares of the home improvement retailer’s stock after selling 184,205 shares during the period. Toronto Dominion Bank’s holdings in Lowe’s Companies were worth $56,241,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its stake in shares of Lowe’s Companies by 7.6% in the 4th quarter. Geode Capital Management LLC now owns 10,336,009 shares of the home improvement retailer’s stock valued at $952,946,000 after acquiring an additional 728,740 shares in the last quarter. Boston Partners boosted its stake in Lowe’s Companies by 20.3% during the first quarter. Boston Partners now owns 4,900,149 shares of the home improvement retailer’s stock worth $536,420,000 after acquiring an additional 826,414 shares in the last quarter. Artisan Partners Limited Partnership boosted its stake in Lowe’s Companies by 14.9% during the first quarter. Artisan Partners Limited Partnership now owns 3,735,627 shares of the home improvement retailer’s stock worth $408,939,000 after acquiring an additional 483,822 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in Lowe’s Companies by 0.6% during the first quarter. Parametric Portfolio Associates LLC now owns 3,349,230 shares of the home improvement retailer’s stock worth $366,640,000 after acquiring an additional 19,829 shares in the last quarter. Finally, Charles Schwab Investment Advisory Inc. grew its holdings in Lowe’s Companies by 0.9% in the second quarter. Charles Schwab Investment Advisory Inc. now owns 2,774,755 shares of the home improvement retailer’s stock worth $280,001,000 after purchasing an additional 24,952 shares during the period. Hedge funds and other institutional investors own 76.92% of the company’s stock.

NYSE LOW traded down $1.39 during trading hours on Wednesday, hitting $113.89. The company’s stock had a trading volume of 227,526 shares, compared to its average volume of 5,560,189. The company has a market capitalization of $88.59 billion, a PE ratio of 22.15, a price-to-earnings-growth ratio of 1.49 and a beta of 1.30. The company has a current ratio of 1.06, a quick ratio of 0.19 and a debt-to-equity ratio of 7.80. Lowe’s Companies, Inc. has a 52 week low of $84.75 and a 52 week high of $118.23. The company’s 50-day simple moving average is $104.06 and its two-hundred day simple moving average is $104.70.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, August 21st. The home improvement retailer reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $0.15. The firm had revenue of $20.99 billion during the quarter, compared to analyst estimates of $20.96 billion. Lowe’s Companies had a return on equity of 111.09% and a net margin of 3.52%. The company’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the previous year, the company posted $2.07 EPS. Research analysts anticipate that Lowe’s Companies, Inc. will post 5.65 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd will be issued a dividend of $0.55 per share. The ex-dividend date is Tuesday, October 22nd. This represents a $2.20 annualized dividend and a yield of 1.93%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 42.80%.

Several equities research analysts have weighed in on LOW shares. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $125.00 price target (up from $110.00) on shares of Lowe’s Companies in a research note on Thursday, August 22nd. Zacks Investment Research upgraded Lowe’s Companies from a “sell” rating to a “hold” rating in a research note on Thursday, May 16th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $114.00 target price (up from $99.00) on shares of Lowe’s Companies in a research report on Thursday, August 22nd. Royal Bank of Canada set a $123.00 target price on Lowe’s Companies and gave the company a “buy” rating in a research report on Wednesday, August 21st. Finally, Barclays upped their price target on Lowe’s Companies from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Monday, June 24th. Nine research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $116.36.

In related news, EVP Donald Frieson purchased 2,030 shares of the stock in a transaction that occurred on Wednesday, June 19th. The stock was acquired at an average cost of $98.69 per share, with a total value of $200,340.70. Following the transaction, the executive vice president now owns 10,980 shares of the company’s stock, valued at approximately $1,083,616.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.07% 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. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.

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

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