Winslow Evans & Crocker Inc. lifted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,764 shares of the home improvement retailer’s stock after acquiring an additional 224 shares during the period. Winslow Evans & Crocker Inc.’s holdings in Lowe’s Companies were worth $686,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Advisors Preferred LLC acquired a new stake in shares of Lowe’s Companies during the 1st quarter valued at approximately $26,000. Icon Wealth Partners LLC acquired a new stake in Lowe’s Companies in the first quarter worth $26,000. Weaver Consulting Group acquired a new stake in Lowe’s Companies in the first quarter worth $28,000. Prime Capital Investment Advisors LLC acquired a new stake in Lowe’s Companies in the first quarter worth $33,000. Finally, Thor Advisors LLC acquired a new stake in Lowe’s Companies in the first quarter worth $35,000. 76.71% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:LOW traded up $0.12 on Tuesday, hitting $104.08. The company’s stock had a trading volume of 2,824,392 shares, compared to its average volume of 3,949,441. Lowe’s Companies, Inc. has a 12 month low of $84.75 and a 12 month high of $118.23. The firm has a market capitalization of $81.03 billion, a P/E ratio of 20.25, a price-to-earnings-growth ratio of 1.35 and a beta of 1.36. The company’s 50-day moving average price is $102.15. 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 earnings results on Wednesday, May 22nd. The home improvement retailer reported $1.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.33 by ($0.11). Lowe’s Companies had a net margin of 3.31% and a return on equity of 91.85%. The firm had revenue of $17.74 billion for the quarter, compared to the consensus estimate of $17.65 billion. During the same period in the prior year, the business earned $1.19 EPS. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, equities research analysts expect that Lowe’s Companies, Inc. will post 5.59 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 7th. Investors of record on Wednesday, July 24th will be paid a dividend of $0.55 per share. The ex-dividend date is Tuesday, July 23rd. This represents a $2.20 annualized dividend and a yield of 2.11%. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.48. Lowe’s Companies’s dividend payout ratio (DPR) is currently 42.80%.

In related news, EVP Donald Frieson purchased 2,030 shares of the firm’s stock in a transaction that occurred on Wednesday, June 19th. The stock was acquired at an average price of $98.69 per share, for a total transaction of $200,340.70. Following the transaction, the executive vice president now directly owns 10,980 shares of the company’s stock, valued at approximately $1,083,616.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Marvin R. Ellison purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The stock was bought at an average price of $95.05 per share, with a total value of $950,500.00. Following the transaction, the insider now directly owns 80,090 shares in the company, valued at $7,612,554.50. The disclosure for this purchase can be found here. Insiders have purchased 12,280 shares of company stock valued at $1,174,566 in the last ninety days. Company insiders own 0.07% of the company’s stock.

Several brokerages have weighed in on LOW. Citigroup dropped their target price on GrafTech International from $21.00 to $17.00 and set a “buy” rating on the stock in a research report on Monday, April 1st. Robert W. Baird reaffirmed an “outperform” rating and issued a $127.00 target price (down from $133.00) on shares of Lowe’s Companies in a research report on Wednesday, May 22nd. Cfra reaffirmed a “hold” rating and issued a $105.00 target price on shares of Lowe’s Companies in a research report on Friday, June 14th. ValuEngine raised United States Steel from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 24th. Finally, Goldman Sachs Group raised Altria Group from a “neutral” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Thursday, July 11th. Ten analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $112.88.

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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