Northern Trust Corp reduced its position in Lowe’s Companies, Inc. (NYSE:LOW) by 2.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,711,811 shares of the home improvement retailer’s stock after selling 243,073 shares during the period. Northern Trust Corp owned approximately 1.27% of Lowe’s Companies worth $830,487,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of LOW. Family Legacy Inc. bought a new position in shares of Lowe’s Companies in the 1st quarter worth $1,699,000. Keybank National Association OH lifted its holdings in shares of Lowe’s Companies by 9.5% in the 1st quarter. Keybank National Association OH now owns 471,938 shares of the home improvement retailer’s stock worth $38,779,000 after purchasing an additional 40,924 shares in the last quarter. Hillsdale Investment Management Inc. lifted its holdings in shares of Lowe’s Companies by 605.7% in the 1st quarter. Hillsdale Investment Management Inc. now owns 4,940 shares of the home improvement retailer’s stock worth $407,000 after purchasing an additional 4,240 shares in the last quarter. Northwestern Mutual Investment Management Company LLC lifted its holdings in shares of Lowe’s Companies by 75.3% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 175,056 shares of the home improvement retailer’s stock worth $14,391,000 after purchasing an additional 75,172 shares in the last quarter. Finally, BP PLC bought a new position in shares of Lowe’s Companies in the 1st quarter worth $8,962,000. Institutional investors own 74.35% of the company’s stock.

In other Lowe’s Companies news, SVP Matthew V. Hollifield sold 7,853 shares of Lowe’s Companies stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $78.30, for a total transaction of $614,889.90. Following the completion of the transaction, the senior vice president now owns 30,750 shares of the company’s stock, valued at approximately $2,407,725. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $163,685.96. Following the transaction, the insider now directly owns 8,400 shares of the company’s stock, valued at approximately $655,368. The disclosure for this sale can be found here. 0.11% of the stock is owned by insiders.

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Several brokerages have weighed in on LOW. Deutsche Bank AG restated a “buy” rating and set a $90.00 price objective (up from $85.00) on shares of Lowe’s Companies in a research note on Friday, October 6th. Gordon Haskett began coverage on Lowe’s Companies in a research note on Tuesday, October 3rd. They set an “accumulate” rating and a $88.00 price objective on the stock. Zacks Investment Research upgraded Lowe’s Companies from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. Robert W. Baird set a $87.00 price objective on Lowe’s Companies and gave the company a “buy” rating in a research note on Tuesday, October 31st. Finally, BMO Capital Markets restated a “hold” rating and set a $82.00 price objective on shares of Lowe’s Companies in a research note on Thursday, November 2nd. 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. Lowe’s Companies currently has a consensus rating of “Hold” and a consensus price target of $85.84.

Shares of Lowe’s Companies, Inc. (LOW) opened at $78.08 on Friday. Lowe’s Companies, Inc. has a twelve month low of $65.12 and a twelve month high of $86.25. The firm has a market capitalization of $65,361.33, a PE ratio of 17.99, a P/E/G ratio of 1.27 and a beta of 1.13. The company has a quick ratio of 0.19, a current ratio of 1.03 and a debt-to-equity ratio of 2.85.

Lowe’s Companies (NYSE:LOW) last posted 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 company 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 firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.37 EPS. analysts forecast that Lowe’s Companies, Inc. will post 4.5 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 8th. Shareholders of record on Wednesday, October 25th were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date was Tuesday, October 24th. Lowe’s Companies’s payout ratio is presently 46.20%.

Lowe’s Companies Company 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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