Stratos Wealth Partners LTD. raised its position in Lowe’s Companies, Inc. (NYSE:LOW) by 67.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,804 shares of the home improvement retailer’s stock after buying an additional 14,079 shares during the period. Stratos Wealth Partners LTD.’s holdings in Lowe’s Companies were worth $2,698,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. YHB Investment Advisors Inc. increased its holdings in Lowe’s Companies by 26.2% in the second quarter. YHB Investment Advisors Inc. now owns 21,884 shares of the home improvement retailer’s stock valued at $1,697,000 after buying an additional 4,549 shares in the last quarter. Enterprise Financial Services Corp increased its holdings in Lowe’s Companies by 2.6% in the second quarter. Enterprise Financial Services Corp now owns 9,583 shares of the home improvement retailer’s stock valued at $743,000 after buying an additional 245 shares in the last quarter. Brave Asset Management Inc. increased its holdings in Lowe’s Companies by 1.5% in the second quarter. Brave Asset Management Inc. now owns 2,927 shares of the home improvement retailer’s stock valued at $227,000 after buying an additional 42 shares in the last quarter. Gamble Jones Investment Counsel increased its holdings in Lowe’s Companies by 0.3% in the second quarter. Gamble Jones Investment Counsel now owns 24,315 shares of the home improvement retailer’s stock valued at $1,885,000 after buying an additional 69 shares in the last quarter. Finally, Bank of Stockton increased its holdings in Lowe’s Companies by 0.6% in the second quarter. Bank of Stockton now owns 4,670 shares of the home improvement retailer’s stock valued at $362,000 after buying an additional 30 shares in the last quarter. 74.20% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY WARNING: This news story was originally posted by Daily Political and is owned by of Daily Political. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright & trademark legislation. The original version of this news story can be viewed at https://www.dailypolitical.com/2017/09/26/lowes-companies-inc-low-holdings-lifted-by-stratos-wealth-partners-ltd.html.

A number of analysts have recently commented on the stock. Longbow Research reissued a “buy” rating and set a $95.00 target price on shares of Lowe’s Companies in a research note on Monday, August 14th. Zacks Investment Research cut shares of Lowe’s Companies from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. BidaskClub raised shares of Lowe’s Companies from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Credit Suisse Group reissued an “outperform” rating and set a $94.00 target price on shares of Lowe’s Companies in a research note on Monday, August 21st. They noted that the move was a valuation call. Finally, Stifel Nicolaus reissued a “buy” rating and set a $87.00 target price on shares of Lowe’s Companies in a research note on Friday, July 21st. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the company. Lowe’s Companies presently has an average rating of “Hold” and a consensus target price of $85.00.

In other news, insider Paul D. Ramsay sold 2,098 shares of Lowe’s Companies stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $78.02, for a total transaction of $163,685.96. Following the completion of the sale, the insider now directly owns 8,400 shares in the company, valued at $655,368. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.11% of the company’s stock.

Lowe’s Companies, Inc. (NYSE LOW) opened at 79.34 on Tuesday. Lowe’s Companies, Inc. has a 12-month low of $64.87 and a 12-month high of $86.25. The firm has a 50-day moving average of $76.25 and a 200 day moving average of $79.59. The firm has a market capitalization of $66.08 billion, a price-to-earnings ratio of 22.53 and a beta of 1.07.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 62.02% and a net margin of 4.51%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.37 earnings per share. On average, equities analysts predict that Lowe’s Companies, Inc. will post $4.50 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Wednesday, October 25th will be issued a dividend of $0.41 per share. The ex-dividend date is Tuesday, October 24th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.10%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 46.20%.

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.

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

Receive News & Ratings for Lowe's Companies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.