Swarthmore Group Inc. raised its position in Lowe’s Companies, Inc. (NYSE:LOW) by 1,021.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,390 shares of the home improvement retailer’s stock after acquiring an additional 50,452 shares during the quarter. Lowe’s Companies makes up about 2.9% of Swarthmore Group Inc.’s investment portfolio, making the stock its 9th largest holding. Swarthmore Group Inc.’s holdings in Lowe’s Companies were worth $10,534,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in LOW. Norges Bank acquired a new position in shares of Lowe’s Companies in the fourth quarter valued at approximately $1,285,445,000. FMR LLC grew its position in shares of Lowe’s Companies by 10.7% in the fourth quarter. FMR LLC now owns 30,352,415 shares of the home improvement retailer’s stock valued at $4,871,866,000 after purchasing an additional 2,940,777 shares during the last quarter. Maj Invest Holding A S grew its position in shares of Lowe’s Companies by 106.9% in the fourth quarter. Maj Invest Holding A S now owns 1,934,106 shares of the home improvement retailer’s stock valued at $310,443,000 after purchasing an additional 999,428 shares during the last quarter. Lazard Asset Management LLC grew its position in shares of Lowe’s Companies by 17.8% in the fourth quarter. Lazard Asset Management LLC now owns 6,502,725 shares of the home improvement retailer’s stock valued at $1,043,751,000 after purchasing an additional 982,465 shares during the last quarter. Finally, Morgan Stanley grew its position in shares of Lowe’s Companies by 15.6% in the fourth quarter. Morgan Stanley now owns 5,819,866 shares of the home improvement retailer’s stock valued at $934,149,000 after purchasing an additional 783,731 shares during the last quarter. Hedge funds and other institutional investors own 76.11% of the company’s stock.

NYSE LOW opened at $199.20 on Tuesday. The company has a market capitalization of $142.86 billion, a price-to-earnings ratio of 28.18, a PEG ratio of 1.18 and a beta of 1.37. Lowe’s Companies, Inc. has a twelve month low of $102.83 and a twelve month high of $208.98. The stock has a fifty day simple moving average of $192.90 and a 200 day simple moving average of $171.72. The company has a quick ratio of 0.57, a current ratio of 1.38 and a debt-to-equity ratio of 5.20.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Tuesday, February 23rd. The home improvement retailer reported $1.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.12. The business had revenue of $20.31 billion during the quarter, compared to the consensus estimate of $19.54 billion. Lowe’s Companies had a return on equity of 211.33% and a net margin of 6.29%. During the same period in the prior year, the business posted $0.94 earnings per share. Research analysts expect that Lowe’s Companies, Inc. will post 8.7 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 5th. Investors of record on Wednesday, April 21st will be issued a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, April 20th. This represents a $2.40 dividend on an annualized basis and a yield of 1.20%. Lowe’s Companies’s payout ratio is 41.96%.

In other Lowe’s Companies news, Director David H. Batchelder purchased 6,250 shares of the firm’s stock in a transaction on Friday, February 26th. The stock was purchased at an average cost of $159.48 per share, for a total transaction of $996,750.00. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.07% of the company’s stock.

Several equities analysts have recently commented on LOW shares. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell started coverage on Lowe’s Companies in a research report on Monday, March 15th. They issued a “buy” rating and a $195.00 target price on the stock. Loop Capital boosted their price target on Lowe’s Companies from $195.00 to $220.00 and gave the company a “buy” rating in a research note on Monday, April 19th. Wells Fargo & Company boosted their price target on Lowe’s Companies from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Monday, March 29th. They noted that the move was a valuation call. Gordon Haskett upgraded Lowe’s Companies from an “accumulate” rating to a “buy” rating and set a $202.00 price target for the company in a research note on Wednesday, March 3rd. Finally, Atlantic Securities upgraded Lowe’s Companies from a “neutral” rating to an “overweight” rating and set a $240.00 price target for the company in a research note on Tuesday, April 20th. Six investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. Lowe’s Companies presently has a consensus rating of “Buy” and a consensus target price of $182.29.

Lowe’s Companies Company Profile

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

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

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