OLD Mission Capital LLC acquired a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 3,138 shares of the home improvement retailer’s stock, valued at approximately $300,000.

Several other large investors have also recently bought and sold shares of the stock. Magellan Asset Management Ltd grew its holdings in shares of Lowe’s Companies by 0.3% during the second quarter. Magellan Asset Management Ltd now owns 20,201,275 shares of the home improvement retailer’s stock worth $1,930,636,000 after buying an additional 51,787 shares in the last quarter. Ironsides Asset Advisors LLC grew its stake in Lowe’s Companies by 698.3% in the second quarter. Ironsides Asset Advisors LLC now owns 8,327,089 shares of the home improvement retailer’s stock valued at $98,637,000 after purchasing an additional 7,284,000 shares in the last quarter. OppenheimerFunds Inc. grew its stake in Lowe’s Companies by 0.8% in the first quarter. OppenheimerFunds Inc. now owns 6,093,631 shares of the home improvement retailer’s stock valued at $534,715,000 after purchasing an additional 48,900 shares in the last quarter. Boston Partners grew its stake in Lowe’s Companies by 382.4% in the second quarter. Boston Partners now owns 4,784,235 shares of the home improvement retailer’s stock valued at $457,230,000 after purchasing an additional 3,792,479 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in Lowe’s Companies by 1.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 3,423,886 shares of the home improvement retailer’s stock valued at $327,221,000 after purchasing an additional 61,681 shares in the last quarter. Institutional investors and hedge funds own 74.13% of the company’s stock.

A number of research analysts have weighed in on LOW shares. KeyCorp restated an “overweight” rating and issued a $115.00 price target (up from $105.00) on shares of Lowe’s Companies in a research note on Tuesday, July 24th. Wells Fargo & Co restated a “buy” rating and issued a $100.00 price target on shares of Lowe’s Companies in a research note on Tuesday, May 22nd. Royal Bank of Canada raised their price target on Lowe’s Companies to $118.00 and gave the company an “outperform” rating in a research note on Thursday, August 23rd. ValuEngine upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Thursday, May 24th. Finally, Deutsche Bank raised their price target on Lowe’s Companies to $118.00 and gave the company a “buy” rating in a research note on Thursday, August 23rd. Ten analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Lowe’s Companies currently has a consensus rating of “Buy” and an average price target of $111.41.

LOW opened at $114.34 on Thursday. Lowe’s Companies, Inc. has a 12-month low of $75.36 and a 12-month high of $114.54. The company has a market capitalization of $92.29 billion, a PE ratio of 22.61, a price-to-earnings-growth ratio of 1.53 and a beta of 1.40. The company has a quick ratio of 0.25, a current ratio of 1.06 and a debt-to-equity ratio of 2.58.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, August 22nd. The home improvement retailer reported $2.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.02 by $0.05. The company had revenue of $20.89 billion during the quarter, compared to analysts’ expectations of $20.79 billion. Lowe’s Companies had a return on equity of 71.96% and a net margin of 5.58%. The business’s revenue was up 7.1% on a year-over-year basis. During the same period last year, the firm posted $1.57 earnings per share. equities research analysts anticipate that Lowe’s Companies, Inc. will post 5.2 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 7th. Investors of record on Wednesday, October 24th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, October 23rd. This represents a $1.92 annualized dividend and a yield of 1.68%. Lowe’s Companies’s payout ratio is currently 43.74%.

In other news, Director Lisa W. Wardell purchased 273 shares of the company’s stock in a transaction that occurred on Friday, August 24th. The stock was acquired at an average cost of $107.72 per share, with a total value of $29,407.56. Following the acquisition, the director now owns 273 shares in the company, valued at approximately $29,407.56. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.30% of the company’s stock.

Lowe’s Companies Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal and outdoor living, lawn and garden, paint, millwork, flooring, and kitchens, as well as outdoor power equipment.

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Institutional Ownership by Quarter for Lowe`s Companies (NYSE:LOW)

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