Bank of Hawaii continued to hold its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,974 shares of the home improvement retailer’s stock at the end of the 2nd quarter. Bank of Hawaii’s holdings in Lowe’s Companies were worth $1,161,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Great Lakes Advisors LLC boosted its stake in shares of Lowe’s Companies by 2.0% during the first quarter. Great Lakes Advisors LLC now owns 31,773 shares of the home improvement retailer’s stock valued at $2,612,000 after purchasing an additional 614 shares during the period. Founders Capital Management purchased a new stake in shares of Lowe’s Companies during the first quarter valued at approximately $1,062,000. Independent Advisor Alliance boosted its stake in shares of Lowe’s Companies by 3.2% during the first quarter. Independent Advisor Alliance now owns 20,360 shares of the home improvement retailer’s stock valued at $1,662,000 after purchasing an additional 636 shares during the period. Premier Asset Managment LLC boosted its stake in shares of Lowe’s Companies by 20.8% during the first quarter. Premier Asset Managment LLC now owns 130,655 shares of the home improvement retailer’s stock valued at $10,741,000 after purchasing an additional 22,525 shares during the period. Finally, Fagan Associates Inc. boosted its stake in shares of Lowe’s Companies by 1.8% during the first quarter. Fagan Associates Inc. now owns 62,721 shares of the home improvement retailer’s stock valued at $5,156,000 after purchasing an additional 1,116 shares during the period. 74.38% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently weighed in on LOW shares. Zacks Investment Research lowered Lowe’s Companies from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. BMO Capital Markets reissued a “buy” rating and set a $89.00 price objective on shares of Lowe’s Companies in a research note on Thursday, July 20th. Jefferies Group LLC reissued a “hold” rating and set a $89.00 price objective on shares of Lowe’s Companies in a research note on Friday, July 21st. Stifel Nicolaus reissued a “buy” rating and set a $87.00 price objective on shares of Lowe’s Companies in a research note on Friday, July 21st. Finally, BidaskClub lowered Lowe’s Companies from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have given a buy rating to the stock. Lowe’s Companies currently has an average rating of “Hold” and a consensus price target of $85.62.

Lowe’s Companies, Inc. (NYSE:LOW) opened at $77.53 on Tuesday. Lowe’s Companies, Inc. has a twelve month low of $65.12 and a twelve month high of $86.25. The company has a current ratio of 1.03, a quick ratio of 0.19 and a debt-to-equity ratio of 2.85. The firm has a market capitalization of $64,859.13, a price-to-earnings ratio of 17.85, a PEG ratio of 1.26 and a beta of 1.13.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share for the quarter, missing the 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 the consensus estimate of $19.58 billion. During the same quarter in the previous year, the business earned $1.37 earnings per share. Lowe’s Companies’s revenue was up 6.8% compared to the same quarter last year. sell-side analysts anticipate that Lowe’s Companies, Inc. will post 4.5 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 7th. Investors of record on Wednesday, January 24th will be issued a $0.41 dividend. The ex-dividend date is Tuesday, January 23rd. This represents a $1.64 annualized dividend and a yield of 2.12%. Lowe’s Companies’s payout ratio is 46.20%.

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In related 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 value of $614,889.90. Following the completion of the sale, the senior vice president now directly owns 30,750 shares in the company, valued at approximately $2,407,725. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $78.02, for a total value of $163,685.96. Following the completion of the sale, the insider now owns 8,400 shares of the company’s stock, valued at $655,368. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by company insiders.

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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