W.G. Shaheen & Associates DBA Whitney & Co boosted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 2,185.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,415 shares of the home improvement retailer’s stock after purchasing an additional 56,815 shares during the period. Lowe’s Companies comprises approximately 1.5% of W.G. Shaheen & Associates DBA Whitney & Co’s holdings, making the stock its 26th largest position. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in Lowe’s Companies were worth $4,606,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Lowe’s Companies by 1.4% in the second quarter. Vanguard Group Inc. now owns 64,769,014 shares of the home improvement retailer’s stock valued at $5,021,542,000 after purchasing an additional 897,911 shares during the period. BlackRock Inc. lifted its position in Lowe’s Companies by 1,757.3% in the first quarter. BlackRock Inc. now owns 61,377,883 shares of the home improvement retailer’s stock valued at $5,045,875,000 after purchasing an additional 58,073,138 shares during the period. FMR LLC lifted its position in Lowe’s Companies by 62.6% in the second quarter. FMR LLC now owns 9,694,439 shares of the home improvement retailer’s stock valued at $751,610,000 after purchasing an additional 3,732,153 shares during the period. Ameriprise Financial Inc. lifted its position in Lowe’s Companies by 0.7% in the second quarter. Ameriprise Financial Inc. now owns 9,281,474 shares of the home improvement retailer’s stock valued at $719,560,000 after purchasing an additional 64,780 shares during the period. Finally, Geode Capital Management LLC lifted its position in Lowe’s Companies by 8.2% in the first quarter. Geode Capital Management LLC now owns 8,848,938 shares of the home improvement retailer’s stock valued at $726,481,000 after purchasing an additional 671,581 shares during the period. Hedge funds and other institutional investors own 74.35% of the company’s stock.

A number of research firms have recently issued reports on LOW. Bank of America Corporation began coverage on shares of Lowe’s Companies in a research report on Tuesday, September 5th. They set a “buy” rating and a $95.00 price target for the company. BMO Capital Markets reiterated a “buy” rating and set a $89.00 price target on shares of Lowe’s Companies in a research report on Thursday, July 20th. Zacks Investment Research upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a research report on Friday, August 11th. Jefferies Group LLC reiterated a “hold” rating and set a $89.00 price target on shares of Lowe’s Companies in a research report on Friday, July 21st. Finally, Royal Bank Of Canada reduced their price target on shares of Lowe’s Companies from $85.00 to $81.00 and set an “outperform” rating for the company in a research report on Thursday, August 24th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have given a buy rating to the company’s stock. Lowe’s Companies has a consensus rating of “Hold” and a consensus target price of $85.62.

Shares of Lowe’s Companies, Inc. (LOW) opened at $77.49 on Friday. Lowe’s Companies, Inc. has a 12 month low of $65.12 and a 12 month high of $86.25. The stock has a market cap of $64,859.13, a price-to-earnings ratio of 17.85, a PEG ratio of 1.26 and a beta of 1.13. The company has a current ratio of 1.03, a quick ratio of 0.19 and a debt-to-equity ratio of 2.85.

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 Thomson Reuters’ 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 company had revenue of $19.50 billion for the quarter, compared to analysts’ expectations of $19.58 billion. During the same period in the prior year, the firm earned $1.37 earnings per share. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. sell-side analysts predict that Lowe’s Companies, Inc. will post 4.5 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 7th. Stockholders of record on Wednesday, January 24th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.12%. 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 business’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 of the company’s stock, valued at approximately $655,368. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Matthew V. Hollifield sold 7,853 shares of the business’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 directly owns 30,750 shares of the company’s stock, valued at $2,407,725. The disclosure for this sale can be found here. 0.11% of the stock is owned by insiders.

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)

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