Capital One National Association lifted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 1.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,145 shares of the home improvement retailer’s stock after purchasing an additional 137 shares during the period. Capital One National Association’s holdings in Lowe’s Companies were worth $1,019,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Prentiss Smith & Co. Inc. lifted its position in shares of Lowe’s Companies by 2,377.4% in the 2nd quarter. Prentiss Smith & Co. Inc. now owns 3,840 shares of the home improvement retailer’s stock worth $298,000 after purchasing an additional 3,685 shares during the period. BKD Wealth Advisors LLC lifted its position in shares of Lowe’s Companies by 2.1% in the 2nd quarter. BKD Wealth Advisors LLC now owns 8,668 shares of the home improvement retailer’s stock worth $672,000 after purchasing an additional 179 shares during the period. First Command Bank lifted its position in shares of Lowe’s Companies by 64.7% in the 2nd quarter. First Command Bank now owns 9,225 shares of the home improvement retailer’s stock worth $715,000 after purchasing an additional 3,625 shares during the period. Xact Kapitalforvaltning AB lifted its position in shares of Lowe’s Companies by 0.8% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 133,022 shares of the home improvement retailer’s stock worth $10,313,000 after purchasing an additional 1,056 shares during the period. Finally, Pioneer Trust Bank N A OR lifted its position in shares of Lowe’s Companies by 0.7% in the 2nd quarter. Pioneer Trust Bank N A OR now owns 10,428 shares of the home improvement retailer’s stock worth $809,000 after purchasing an additional 70 shares during the period. 74.32% of the stock is owned by hedge funds and other institutional investors.

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Lowe’s Companies, Inc. (LOW) traded down 0.08% during mid-day trading on Friday, reaching $78.40. 3,168,190 shares of the company’s stock were exchanged. Lowe’s Companies, Inc. has a one year low of $64.87 and a one year high of $86.25. The company’s 50-day moving average is $76.18 and its 200 day moving average is $79.60. The firm has a market capitalization of $65.29 billion, a P/E ratio of 22.26 and a beta of 1.07.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($0.05). The firm had revenue of $19.50 billion for the quarter, compared to analysts’ expectations of $19.58 billion. Lowe’s Companies had a net margin of 4.51% and a return on equity of 62.02%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.37 earnings per share. Equities analysts predict that Lowe’s Companies, Inc. will post $4.50 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 8th. Shareholders of record on Wednesday, October 25th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Tuesday, October 24th. Lowe’s Companies’s payout ratio is 46.20%.

Several equities research analysts have recently commented on the stock. Wolfe Research reaffirmed an “outperform” rating and issued a $94.00 target price (down from $95.00) on shares of Lowe’s Companies in a research report on Sunday, May 28th. Oppenheimer Holdings, Inc. set a $100.00 target price on shares of Lowe’s Companies and gave the stock a “buy” rating in a research report on Wednesday, May 24th. Sanford C. Bernstein reaffirmed an “underperform” rating and issued a $69.00 target price on shares of Lowe’s Companies in a research report on Wednesday, July 12th. BidaskClub raised shares of Lowe’s Companies from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, Robert W. Baird set a $87.00 target price on shares of Lowe’s Companies and gave the stock a “buy” rating in a research report on Thursday, August 24th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the stock. Lowe’s Companies presently has a consensus rating of “Hold” and an average price target of $85.00.

Lowe’s Companies Profile

Lowe’s Companies, Inc (Lowe’s) is a FORTUNE home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens.

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

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