Barnett & Company Inc. lifted its position in shares of Lowe's Companies, Inc. (NYSE:LOW) by 13.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,183 shares of the home improvement retailer’s stock after buying an additional 500 shares during the quarter. Barnett & Company Inc.’s holdings in Lowe's Companies were worth $389,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of LOW. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Lowe's Companies by 40.3% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,144,020 shares of the home improvement retailer’s stock worth $1,210,613,000 after purchasing an additional 4,351,830 shares during the last quarter. FMR LLC lifted its stake in shares of 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 worth $751,610,000 after purchasing an additional 3,732,153 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of 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 worth $293,669,000 after purchasing an additional 3,544,665 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its stake in shares of Lowe's Companies by 2,147.5% during the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 2,509,600 shares of the home improvement retailer’s stock worth $200,617,000 after purchasing an additional 2,397,937 shares during the last quarter. Finally, Alyeska Investment Group L.P. raised its stake in Lowe's Companies by 196.8% in the third quarter. Alyeska Investment Group L.P. now owns 3,284,209 shares of the home improvement retailer’s stock valued at $262,540,000 after buying an additional 2,177,496 shares during the last quarter. 72.54% of the stock is currently owned by institutional investors and hedge funds.

LOW has been the subject of a number of research analyst reports. Credit Suisse Group set a $116.00 price target on Lowe's Companies and gave the company a “buy” rating in a research note on Tuesday, January 16th. Robert W. Baird set a $87.00 price target on Lowe's Companies and gave the company a “buy” rating in a research note on Tuesday, October 31st. Royal Bank of Canada set a $81.00 price target on Lowe's Companies and gave the company a “buy” rating in a research note on Monday, October 30th. BMO Capital Markets reiterated a “hold” rating and issued a $82.00 price target on shares of Lowe's Companies in a research note on Thursday, November 2nd. Finally, Telsey Advisory Group increased their price target on Lowe's Companies from $79.00 to $83.00 and gave the company an “outperform” rating in a research note on Wednesday, November 22nd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-three have given a buy rating to the stock. Lowe's Companies has an average rating of “Buy” and a consensus target price of $96.35.

In related news, insider Nelson B. Peace sold 3,352 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $80.20, for a total transaction of $268,830.40. Following the sale, the insider now directly owns 4,650 shares of the company’s stock, valued at $372,930. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.11% of the stock is owned by company insiders.

Lowe's Companies, Inc. (LOW) opened at $99.92 on Thursday. Lowe's Companies, Inc. has a 12 month low of $70.76 and a 12 month high of $108.98. The stock has a market capitalization of $82,910.00, a PE ratio of 24.02, a PEG ratio of 1.05 and a beta of 1.19. The company has a quick ratio of 0.12, a current ratio of 1.02 and a debt-to-equity ratio of 2.71.

Lowe's Companies (NYSE:LOW) last posted its earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 EPS for the quarter, topping the consensus estimate of $1.02 by $0.03. The firm had revenue of $16.77 billion for 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%. Lowe's Companies’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period last year, the company earned $0.88 earnings per share. research analysts anticipate that Lowe's Companies, Inc. will post 4.52 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 7th. Investors of record on Wednesday, January 24th were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.64%. The ex-dividend date was Tuesday, January 23rd. Lowe's Companies’s dividend payout ratio (DPR) is 39.42%.

Lowe's Companies announced that its board has approved a stock repurchase program on Friday, January 26th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the home improvement retailer to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

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About Lowe's Companies

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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