NewFocus Financial Group LLC grew its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,088 shares of the home improvement retailer’s stock after acquiring an additional 668 shares during the period. Lowe’s Companies comprises 2.4% of NewFocus Financial Group LLC’s portfolio, making the stock its 15th largest position. NewFocus Financial Group LLC’s holdings in Lowe’s Companies were worth $3,684,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Lowe’s Companies by 1,757.3% during 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 buying an additional 58,073,138 shares during the period. FMR LLC increased its position in shares of Lowe’s Companies by 62.6% during the second quarter. FMR LLC now owns 9,694,439 shares of the home improvement retailer’s stock valued at $751,610,000 after buying an additional 3,732,153 shares during the period. Janus Henderson Group PLC increased its position in shares of Lowe’s Companies by 1,457.8% during the second quarter. Janus Henderson Group PLC now owns 3,787,825 shares of the home improvement retailer’s stock valued at $293,669,000 after buying an additional 3,544,665 shares during the period. Vanguard Group Inc. increased its position in shares of Lowe’s Companies by 4.3% during the first quarter. Vanguard Group Inc. now owns 63,871,103 shares of the home improvement retailer’s stock valued at $5,250,843,000 after buying an additional 2,650,045 shares during the period. Finally, Parametric Portfolio Associates LLC increased its position in shares of Lowe’s Companies by 94.1% during the second quarter. Parametric Portfolio Associates LLC now owns 3,482,003 shares of the home improvement retailer’s stock valued at $269,960,000 after buying an additional 1,688,392 shares during the period. 73.40% of the stock is owned by hedge funds and other institutional investors.

Shares of Lowe’s Companies, Inc. (NYSE:LOW) traded down $0.06 during trading on Tuesday, reaching $85.54. 6,775,300 shares of the company were exchanged, compared to its average volume of 5,980,708. The company 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. Lowe’s Companies, Inc. has a 12 month low of $70.49 and a 12 month 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.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 7th. Investors 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 dividend payout ratio (DPR) is 39.33%.

In other Lowe’s Companies news, insider Paul D. Ramsay sold 2,098 shares of the stock in a transaction that occurred on 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 directly owns 8,400 shares in the company, valued at $655,368. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Matthew V. Hollifield sold 7,853 shares of the stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $78.30, for a total transaction of $614,889.90. Following the completion of 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. In the last 90 days, insiders have sold 13,303 shares of company stock worth $1,047,406. 0.11% of the stock is owned by insiders.

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