Intrust Bank NA increased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 17.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,356 shares of the home improvement retailer’s stock after purchasing an additional 1,074 shares during the quarter. Intrust Bank NA’s holdings in Lowe’s Companies were worth $570,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Lowe’s Companies by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 63,871,103 shares of the home improvement retailer’s stock valued at $5,250,843,000 after purchasing an additional 2,650,045 shares during the period. Sumitomo Mitsui Asset Management Company LTD raised its holdings in shares of Lowe’s Companies by 11.8% in the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 105,471 shares of the home improvement retailer’s stock valued at $8,177,000 after purchasing an additional 11,119 shares during the period. Blue Edge Capital LLC bought a new stake in shares of Lowe’s Companies in the 1st quarter valued at about $727,000. Dimensional Fund Advisors LP raised its holdings in shares of Lowe’s Companies by 2.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,425,597 shares of the home improvement retailer’s stock valued at $199,407,000 after purchasing an additional 60,109 shares during the period. Finally, KCG Holdings Inc. raised its holdings in shares of Lowe’s Companies by 170.7% in the 1st quarter. KCG Holdings Inc. now owns 69,485 shares of the home improvement retailer’s stock valued at $5,712,000 after purchasing an additional 43,815 shares during the period. 74.11% of the stock is currently owned by institutional investors.

Lowe’s Companies, Inc. (NYSE LOW) opened at 81.20 on Tuesday. Lowe’s Companies, Inc. has a 1-year low of $64.87 and a 1-year high of $86.25. The stock’s 50 day moving average is $78.58 and its 200 day moving average is $79.37. The company has a market cap of $67.62 billion, a P/E ratio of 23.06 and a beta of 1.07.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.62 by ($0.05). Lowe’s Companies had a net margin of 4.51% and a return on equity of 62.02%. The business had revenue of $19.50 billion during the quarter, compared to analysts’ expectations of $19.58 billion. During the same period last year, the company posted $1.37 EPS. Lowe’s Companies’s revenue for the quarter was up 6.8% on a year-over-year basis. Equities analysts anticipate 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. Investors 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 yield of 2.02%. Lowe’s Companies’s dividend payout ratio is currently 46.20%.

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank AG reaffirmed a “buy” rating and issued a $90.00 target price (up from $85.00) on shares of Lowe’s Companies in a report on Friday, October 6th. Gordon Haskett assumed coverage on shares of Lowe’s Companies in a report on Tuesday, October 3rd. They issued an “accumulate” rating and a $88.00 target price on the stock. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $80.00 target price on shares of Lowe’s Companies in a report on Friday, September 29th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $75.00 target price on shares of Lowe’s Companies in a report on Thursday, September 28th. Finally, Zacks Investment Research raised shares of Lowe’s Companies from a “sell” rating to a “hold” rating in a report on Monday, September 11th. Three 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. Lowe’s Companies has an average rating of “Hold” and a consensus target price of $85.32.

In related news, insider Paul D. Ramsay sold 2,098 shares of the company’s stock in a transaction on 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 approximately $655,368. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Matthew V. Hollifield sold 7,853 shares of the company’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $78.30, for a total transaction of $614,889.90. Following the sale, the senior vice president now owns 30,750 shares of the company’s stock, valued at $2,407,725. The disclosure for this sale can be found here. Corporate insiders own 0.11% of the company’s stock.

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About Lowe’s Companies

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)

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