Liberty Capital Management Inc. decreased its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 2.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,003 shares of the home improvement retailer’s stock after selling 200 shares during the period. Liberty Capital Management Inc.’s holdings in Lowe’s Companies were worth $686,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. Texan Capital Management lifted its stake in Lowe’s Companies by 26.6% in the 2nd quarter. Texan Capital Management now owns 29,944 shares of the home improvement retailer’s stock valued at $2,322,000 after purchasing an additional 6,294 shares during the last quarter. Iowa State Bank bought a new position in Lowe’s Companies in the 2nd quarter valued at approximately $2,208,000. Somerset Trust Co increased its position in Lowe’s Companies by 2.9% in the 2nd quarter. Somerset Trust Co now owns 28,423 shares of the home improvement retailer’s stock valued at $2,203,000 after acquiring an additional 793 shares during the period. National Pension Service increased its position in Lowe’s Companies by 12.1% in the 2nd quarter. National Pension Service now owns 724,834 shares of the home improvement retailer’s stock valued at $55,522,000 after acquiring an additional 78,210 shares during the period. Finally, State of Alaska Department of Revenue increased its position in Lowe’s Companies by 8.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 1,440 shares of the home improvement retailer’s stock valued at $111,000 after acquiring an additional 110 shares during the period. 74.20% of the stock is owned by institutional investors and hedge funds.

Shares of Lowe’s Companies, Inc. (NYSE LOW) traded up 1.24% on Monday, reaching $79.20. 4,663,989 shares of the company traded hands. The stock’s 50 day moving average price is $76.25 and its 200-day moving average price is $79.59. Lowe’s Companies, Inc. has a one year low of $64.87 and a one year high of $86.25. The stock has a market capitalization of $65.96 billion, a P/E ratio of 22.49 and a beta of 1.07.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.62 by ($0.05). The business had revenue of $19.50 billion during 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 firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.37 earnings per share. Equities analysts forecast that Lowe’s Companies, Inc. will post $4.50 earnings per share for the current fiscal 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 $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend is Tuesday, October 24th. Lowe’s Companies’s dividend payout ratio is presently 46.20%.

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In other news, insider Paul D. Ramsay sold 2,098 shares of the company’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $78.02, for a total value of $163,685.96. Following the sale, the insider now directly owns 8,400 shares of the company’s stock, valued at approximately $655,368. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.11% of the stock is owned by corporate insiders.

LOW has been the subject of several recent research reports. Bank of America Corporation initiated coverage on shares of Lowe’s Companies in a research report on Tuesday, September 5th. They issued a “buy” rating and a $95.00 price target for the company. Zacks Investment Research cut shares of Lowe’s Companies from a “hold” rating to a “sell” rating in a research report on Monday, August 28th. Stifel Nicolaus restated a “buy” rating and issued a $87.00 price target on shares of Lowe’s Companies in a research report on Friday, July 21st. Oppenheimer Holdings, Inc. set a $100.00 price target on shares of Lowe’s Companies and gave the company a “buy” rating in a research report on Wednesday, August 23rd. Finally, Jefferies Group LLC restated a “hold” rating and issued a $89.00 price target on shares of Lowe’s Companies in a research report on Friday, July 21st. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $85.00.

Lowe’s Companies Profile

Lowe’s Companies, Inc (Lowe’s) is a 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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