First Business Financial Services Inc. grew its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 13.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,583 shares of the home improvement retailer’s stock after acquiring an additional 895 shares during the period. First Business Financial Services Inc.’s holdings in Lowe’s Companies were worth $606,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of LOW. BlackRock Inc. raised its stake in Lowe’s Companies by 1,757.3% during the 1st 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 last quarter. FMR LLC raised its stake in Lowe’s Companies by 62.6% during the 2nd 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 last quarter. Janus Henderson Group PLC raised its stake in Lowe’s Companies by 1,457.8% during the 2nd quarter. Janus Henderson Group PLC now owns 3,787,825 shares of the home improvement retailer’s stock valued at $293,669,000 after purchasing an additional 3,544,665 shares during the last quarter. Vanguard Group Inc. raised its stake in Lowe’s Companies by 4.3% during 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 last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in Lowe’s Companies by 94.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 3,482,003 shares of the home improvement retailer’s stock valued at $269,960,000 after purchasing an additional 1,688,392 shares during the last quarter. 73.29% of the stock is owned by institutional investors.

Shares of Lowe’s Companies, Inc. (NYSE LOW) opened at $85.60 on Friday. Lowe’s Companies, Inc. has a fifty-two week low of $70.49 and a fifty-two week high of $88.55. The company has a current ratio of 1.02, a quick ratio of 0.12 and a debt-to-equity ratio of 2.71. The company has a market cap of $69,392.88, a PE ratio of 18.54, a price-to-earnings-growth ratio of 1.34 and a beta of 1.15.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Tuesday, November 21st. The home improvement retailer reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.03. Lowe’s Companies had a net margin of 5.16% and a return on equity of 66.27%. The firm had revenue of $16.77 billion for the quarter, compared to analyst estimates of $16.59 billion. During the same quarter in the prior year, the firm earned $0.88 EPS. The company’s revenue was up 6.6% on a year-over-year basis. equities analysts forecast that Lowe’s Companies, Inc. will post 4.51 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders 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 dividend on an annualized basis and a yield of 1.92%. Lowe’s Companies’s payout ratio is presently 39.33%.

In other Lowe’s Companies news, insider Nelson B. Peace sold 3,352 shares of the company’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $80.20, for a total transaction of $268,830.40. Following the transaction, the insider now directly owns 4,650 shares in the company, valued at approximately $372,930. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Matthew V. Hollifield sold 7,853 shares of the company’s stock in a transaction dated Friday, September 22nd. The shares were 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 $2,407,725. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,303 shares of company stock worth $1,047,406. Corporate insiders own 0.11% of the company’s stock.

Several research firms recently commented on LOW. Atlantic Securities cut shares of Lowe’s Companies from an “overweight” rating to a “neutral” rating and set a $92.00 target price for the company. in a research note on Tuesday, November 28th. Piper Jaffray Companies reiterated a “hold” rating and set a $82.00 target price on shares of Lowe’s Companies in a research note on Friday, November 24th. UBS upped their target price on shares of Lowe’s Companies from $89.00 to $93.00 and gave the company a “buy” rating in a research note on Wednesday, November 22nd. Credit Suisse Group set a $88.00 target price on shares of Lowe’s Companies and gave the company a “hold” rating in a research note on Friday, November 24th. Finally, Robert W. Baird set a $87.00 target price on shares of Lowe’s Companies and gave the company a “buy” rating in a research note on Thursday, August 24th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and sixteen have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $87.40.

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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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