Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 9.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,902 shares of the home improvement retailer’s stock after buying an additional 1,400 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Lowe’s Companies were worth $1,706,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Lowe’s Companies in the fourth quarter valued at approximately $1,467,000. Tdam USA Inc. increased its holdings in shares of Lowe’s Companies by 9.5% in the first quarter. Tdam USA Inc. now owns 8,719 shares of the home improvement retailer’s stock valued at $954,000 after purchasing an additional 760 shares in the last quarter. Cadence Bank NA increased its holdings in shares of Lowe’s Companies by 0.5% in the first quarter. Cadence Bank NA now owns 23,458 shares of the home improvement retailer’s stock valued at $2,568,000 after purchasing an additional 112 shares in the last quarter. Moseley Investment Management Inc. acquired a new stake in shares of Lowe’s Companies in the first quarter valued at approximately $360,000. Finally, Wheatland Advisors Inc. acquired a new stake in shares of Lowe’s Companies in the first quarter valued at approximately $1,546,000. 76.71% of the stock is owned by institutional investors.

A number of brokerages recently weighed in on LOW. Barclays reissued an “overweight” rating and issued a GBX 310 ($4.05) price target on shares of in a report on Monday, June 24th. Bank of America set a $135.00 price target on shares of Lowe’s Companies and gave the company a “buy” rating in a report on Monday, May 27th. SunTrust Banks raised their price target on shares of Copart to $78.00 and gave the company a “buy” rating in a report on Friday, May 24th. Robert W. Baird reissued an “outperform” rating and issued a $127.00 price target (down previously from $133.00) on shares of Lowe’s Companies in a report on Wednesday, May 22nd. Finally, Citigroup reduced their price objective on shares of GrafTech International from $21.00 to $17.00 and set a “buy” rating on the stock in a research note on Monday, April 1st. Ten research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $112.88.

In other news, EVP Donald Frieson purchased 2,030 shares of Lowe’s Companies stock in a transaction dated Wednesday, June 19th. The shares were bought at an average cost of $98.69 per share, with a total value of $200,340.70. Following the completion of the transaction, the executive vice president now directly owns 10,980 shares in the company, valued at approximately $1,083,616.20. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Marvin R. Ellison acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The stock was bought at an average cost of $95.05 per share, for a total transaction of $950,500.00. Following the completion of the transaction, the insider now directly owns 80,090 shares in the company, valued at approximately $7,612,554.50. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 12,280 shares of company stock worth $1,174,566. Insiders own 0.07% of the company’s stock.

Shares of NYSE LOW traded up $0.02 during midday trading on Tuesday, reaching $103.98. 1,373,628 shares of the stock were exchanged, compared to its average volume of 3,949,441. The business’s 50-day moving average is $102.15. The stock has a market capitalization of $81.03 billion, a P/E ratio of 20.23, a price-to-earnings-growth ratio of 1.35 and a beta of 1.36. Lowe’s Companies, Inc. has a 12 month low of $84.75 and a 12 month high of $118.23. The company has a quick ratio of 0.24, a current ratio of 1.09 and a debt-to-equity ratio of 6.37.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, May 22nd. The home improvement retailer reported $1.22 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.11). The firm had revenue of $17.74 billion for the quarter, compared to the consensus estimate of $17.65 billion. Lowe’s Companies had a return on equity of 91.85% and a net margin of 3.31%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.19 earnings per share. Equities research analysts anticipate that Lowe’s Companies, Inc. will post 5.59 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 7th. Stockholders of record on Wednesday, July 24th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.12%. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.48. The ex-dividend date is Tuesday, July 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is currently 42.80%.

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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