Confluence Investment Management LLC decreased its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 39.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 350,026 shares of the home improvement retailer’s stock after selling 227,612 shares during the quarter. Confluence Investment Management LLC’s holdings in Lowe’s Companies were worth $27,137,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in LOW. Waldron LP bought a new stake in Lowe’s Companies during the 1st quarter valued at about $364,000. Callahan Advisors LLC lifted its holdings in Lowe’s Companies by 2.3% during the 1st quarter. Callahan Advisors LLC now owns 71,266 shares of the home improvement retailer’s stock valued at $5,859,000 after buying an additional 1,614 shares in the last quarter. Pegasus Partners Ltd. lifted its holdings in Lowe’s Companies by 0.6% during the 1st quarter. Pegasus Partners Ltd. now owns 14,046 shares of the home improvement retailer’s stock valued at $1,155,000 after buying an additional 86 shares in the last quarter. Security National Trust Co. lifted its holdings in Lowe’s Companies by 0.5% during the 1st quarter. Security National Trust Co. now owns 17,439 shares of the home improvement retailer’s stock valued at $1,434,000 after buying an additional 87 shares in the last quarter. Finally, Access Financial Services Inc. lifted its holdings in Lowe’s Companies by 4.8% during the 1st quarter. Access Financial Services Inc. now owns 17,736 shares of the home improvement retailer’s stock valued at $1,458,000 after buying an additional 811 shares in the last quarter. Institutional investors own 74.20% of the company’s stock.

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Shares of Lowe’s Companies, Inc. (LOW) traded down 0.2659% during mid-day trading on Tuesday, reaching $77.4635. 3,363,808 shares of the company’s stock traded hands. The firm’s 50-day moving average is $76.24 and its 200 day moving average is $79.62. The firm has a market cap of $64.51 billion, a price-to-earnings ratio of 21.9942 and a beta of 1.07. Lowe’s Companies, Inc. has a one year low of $64.87 and a one year high of $86.25. Lowe’s Companies also was the target of unusually large options trading activity on Monday. Investors purchased 6,466 put options on the company. This represents an increase of 538% compared to the typical daily volume of 1,014 put options.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Wednesday, October 25th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, October 24th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.11%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 46.20%.

LOW has been the subject of a number of research analyst reports. Oppenheimer Holdings, Inc. set a $100.00 price objective on shares of Lowe’s Companies and gave the company a “buy” rating in a report on Wednesday, May 24th. Stifel Nicolaus cut their target price on shares of Lowe’s Companies from $89.00 to $87.00 and set a “buy” rating on the stock in a research report on Thursday, May 25th. Goldman Sachs Group, Inc. (The) cut their target price on shares of Lowe’s Companies from $97.00 to $96.00 and set a “buy” rating on the stock in a research report on Thursday, May 25th. Wolfe Research reissued an “outperform” rating and set a $94.00 target price (down previously from $95.00) on shares of Lowe’s Companies in a research report on Sunday, May 28th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $89.00 target price (down previously from $94.00) on shares of Lowe’s Companies in a research report on Sunday, May 28th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus 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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