E&G Advisors LP acquired a new stake in Lowe’s Companies, Inc. (NYSE:LOW) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,000 shares of the home improvement retailer’s stock, valued at approximately $240,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in Lowe’s Companies by 392.5% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 251,609 shares of the home improvement retailer’s stock valued at $20,114,000 after buying an additional 200,517 shares during the last quarter. Cambridge Advisors Inc. boosted its stake in Lowe’s Companies by 4.8% in the third quarter. Cambridge Advisors Inc. now owns 25,018 shares of the home improvement retailer’s stock valued at $2,000,000 after acquiring an additional 1,150 shares during the period. YorkBridge Wealth Partners LLC boosted its stake in Lowe’s Companies by 177.7% in the third quarter. YorkBridge Wealth Partners LLC now owns 5,112 shares of the home improvement retailer’s stock valued at $409,000 after acquiring an additional 3,271 shares during the period. Schwartz Investment Counsel Inc. boosted its stake in Lowe’s Companies by 6.5% in the third quarter. Schwartz Investment Counsel Inc. now owns 580,300 shares of the home improvement retailer’s stock valued at $46,389,000 after acquiring an additional 35,300 shares during the period. Finally, Lee Danner & Bass Inc. boosted its stake in Lowe’s Companies by 25.6% in the third quarter. Lee Danner & Bass Inc. now owns 127,845 shares of the home improvement retailer’s stock valued at $10,220,000 after acquiring an additional 26,063 shares during the period. 73.40% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have commented on LOW. Atlantic Securities downgraded 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 restated a “hold” rating and issued a $82.00 target price on shares of Lowe’s Companies in a research note on Friday, November 24th. UBS lifted their target price on 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 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 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 issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $87.40.

In other Lowe’s Companies news, insider Nelson B. Peace sold 3,352 shares of the company’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $80.20, for a total value of $268,830.40. Following the transaction, the insider now owns 4,650 shares of the company’s stock, valued at $372,930. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Matthew V. Hollifield sold 7,853 shares of the company’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $78.30, for a total value of $614,889.90. Following the completion of the transaction, the senior vice president now directly owns 30,750 shares in the company, valued at approximately $2,407,725. The disclosure for this sale can be found here. Insiders sold 13,303 shares of company stock valued at $1,047,406 over the last 90 days. 0.11% of the stock is currently owned by insiders.

Lowe’s Companies, Inc. (LOW) traded up $0.21 on Monday, reaching $85.81. The company’s stock had a trading volume of 761,968 shares, compared to its average volume of 5,977,356. The firm has a market capitalization of $71,027.50, a P/E ratio of 18.98, a price-to-earnings-growth ratio of 1.37 and a beta of 1.15. The company has a debt-to-equity ratio of 2.71, a current ratio of 1.02 and a quick ratio of 0.12. Lowe’s Companies, Inc. has a 12-month low of $70.49 and a 12-month high of $88.55.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.03. The firm had revenue of $16.77 billion during the quarter, compared to the consensus estimate of $16.59 billion. Lowe’s Companies had a return on equity of 66.27% and a net margin of 5.16%. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.88 earnings per share. research analysts predict that Lowe’s Companies, Inc. will post 4.51 earnings per share for the current fiscal year.

The company 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 $0.41 dividend. The ex-dividend date of this dividend is Tuesday, January 23rd. This represents a $1.64 dividend on an annualized basis and a yield of 1.91%. Lowe’s Companies’s dividend payout ratio (DPR) is 39.33%.

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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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