Linscomb & Williams Inc. acquired a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,315 shares of the home improvement retailer’s stock, valued at approximately $257,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Wilbanks Smith & Thomas Asset Management LLC lifted its holdings in shares of Lowe’s Companies by 4.2% during the second quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 12,294 shares of the home improvement retailer’s stock valued at $953,000 after acquiring an additional 500 shares during the period. Fairfield Bush & CO. increased its stake in shares of Lowe’s Companies by 1.7% in the second quarter. Fairfield Bush & CO. now owns 144,357 shares of the home improvement retailer’s stock valued at $11,192,000 after buying an additional 2,477 shares in the last quarter. Bank of Nova Scotia increased its stake in shares of Lowe’s Companies by 144.0% in the second quarter. Bank of Nova Scotia now owns 483,675 shares of the home improvement retailer’s stock valued at $37,500,000 after buying an additional 285,419 shares in the last quarter. M&R Capital Management Inc. increased its stake in shares of Lowe’s Companies by 69.1% in the second quarter. M&R Capital Management Inc. now owns 70,073 shares of the home improvement retailer’s stock valued at $5,413,000 after buying an additional 28,622 shares in the last quarter. Finally, IHT Wealth Management LLC increased its stake in shares of Lowe’s Companies by 8.7% in the second quarter. IHT Wealth Management LLC now owns 1,368 shares of the home improvement retailer’s stock valued at $154,000 after buying an additional 110 shares in the last quarter. 74.00% of the stock is owned by institutional investors.

A number of analysts have recently weighed in on the company. Bank of America Corporation assumed coverage on Lowe’s Companies in a research note on Tuesday, September 5th. They issued a “buy” rating and a $95.00 target price for the company. Piper Jaffray Companies restated a “hold” rating and issued a $82.00 target price on shares of Lowe’s Companies in a research note on Friday. Zacks Investment Research upgraded Lowe’s Companies from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research note on Friday, August 11th. Stifel Nicolaus raised their target price on Lowe’s Companies from $87.00 to $93.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Royal Bank Of Canada lowered their target price on Lowe’s Companies from $85.00 to $81.00 and set an “outperform” rating for the company in a research note on Thursday, August 24th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and fifteen have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $87.04.

In other 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 transaction, the senior vice president now owns 30,750 shares in the company, valued at approximately $2,407,725. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 owns 8,400 shares in the company, valued at approximately $655,368. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by insiders.

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Shares of Lowe’s Companies, Inc. (NYSE:LOW) opened at $79.57 on Friday. The company has a quick ratio of 0.19, a current ratio of 1.02 and a debt-to-equity ratio of 2.71. The company has a market capitalization of $66,114.36, a PE ratio of 17.64, a P/E/G ratio of 1.28 and a beta of 1.13. Lowe’s Companies, Inc. has a 12-month low of $69.92 and a 12-month high of $86.25.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.03. The company had revenue of $16.77 billion during the quarter, compared to analyst estimates of $16.59 billion. Lowe’s Companies had a return on equity of 66.27% and a net margin of 5.16%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.88 EPS. analysts anticipate that Lowe’s Companies, Inc. will post 4.5 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Stockholders of record on Wednesday, January 24th will be given a dividend of $0.41 per share. The ex-dividend date is Tuesday, January 23rd. This represents a $1.64 annualized dividend and a dividend yield of 2.06%. Lowe’s Companies’s payout ratio is currently 39.33%.

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.

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

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