Blue Granite Capital LLC acquired a new stake in Lowe’s Companies, Inc. (NYSE:LOW) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,575 shares of the home improvement retailer’s stock, valued at approximately $366,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LOW. BlackRock Inc. increased its holdings in Lowe’s Companies by 1,757.3% in 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 purchasing an additional 58,073,138 shares during the last quarter. FMR LLC increased its holdings in shares of Lowe’s Companies by 62.6% in the second quarter. FMR LLC now owns 9,694,439 shares of the home improvement retailer’s stock worth $751,610,000 after acquiring an additional 3,732,153 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Lowe’s Companies by 1,457.8% in the second quarter. Janus Henderson Group PLC now owns 3,787,825 shares of the home improvement retailer’s stock worth $293,669,000 after acquiring an additional 3,544,665 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Lowe’s Companies by 4.3% in the first quarter. Vanguard Group Inc. now owns 63,871,103 shares of the home improvement retailer’s stock worth $5,250,843,000 after acquiring an additional 2,650,045 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its holdings in shares of Lowe’s Companies by 94.1% in the second quarter. Parametric Portfolio Associates LLC now owns 3,482,003 shares of the home improvement retailer’s stock worth $269,960,000 after acquiring an additional 1,688,392 shares in the last quarter. Institutional investors and hedge funds own 73.40% of the company’s stock.

In related news, insider Paul D. Ramsay sold 2,098 shares of the stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $78.02, for a total transaction of $163,685.96. Following the completion of the transaction, the insider now directly owns 8,400 shares of the company’s stock, valued at $655,368. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Matthew V. Hollifield sold 7,853 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 30,750 shares of the company’s stock, valued at $2,407,725. The disclosure for this sale can be found here. Insiders have sold 13,303 shares of company stock valued at $1,047,406 over the last ninety days. 0.11% of the stock is owned by insiders.

Lowe’s Companies, Inc. (NYSE LOW) traded down $0.02 during mid-day trading on Friday, hitting $85.58. The stock had a trading volume of 3,908,500 shares, compared to its average volume of 5,976,761. The company has a quick ratio of 0.12, a current ratio of 1.02 and a debt-to-equity ratio of 2.71. The firm has a market capitalization of $71,027.50, a PE ratio of 18.98, a P/E/G ratio of 1.29 and a beta of 1.15. Lowe’s Companies, Inc. has a 52 week low of $70.49 and a 52 week high of $88.55.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.03. The company had revenue of $16.77 billion during the quarter, compared to analysts’ expectations of $16.59 billion. Lowe’s Companies had a return on equity of 66.27% and a net margin of 5.16%. Lowe’s Companies’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 earned $0.88 earnings per share. sell-side analysts anticipate that Lowe’s Companies, Inc. will post 4.51 earnings per share for the current fiscal year.

The company also recently disclosed 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 1.92%. Lowe’s Companies’s dividend payout ratio is currently 39.33%.

LOW has been the subject of several recent analyst reports. Gordon Haskett initiated coverage on Lowe’s Companies in a report on Tuesday, October 3rd. They issued an “accumulate” rating and a $88.00 price target for the company. Deutsche Bank lowered their price target on Lowe’s Companies from $92.00 to $85.00 and set a “buy” rating for the company in a report on Thursday, August 24th. Credit Suisse Group set a $83.00 price target on Lowe’s Companies and gave the stock a “buy” rating in a report on Thursday, August 24th. Robert W. Baird set a $87.00 price target on Lowe’s Companies and gave the stock a “buy” rating in a report on Thursday, August 24th. Finally, Oppenheimer set a $100.00 price target on Lowe’s Companies and gave the stock a “buy” rating in a report on Wednesday, August 23rd. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seventeen have issued a buy rating to the company. Lowe’s Companies presently has an average rating of “Hold” and an average price target of $87.66.

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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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