Hilltop Holdings Inc. raised its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 15.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,099 shares of the home improvement retailer’s stock after buying an additional 557 shares during the period. Hilltop Holdings Inc.’s holdings in Lowe’s Companies were worth $391,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of LOW. Bremer Trust National Association acquired a new stake in shares of Lowe’s Companies in the second quarter valued at approximately $228,000. RFG Advisory Group LLC boosted its position in Lowe’s Companies by 54.8% during the second quarter. RFG Advisory Group LLC now owns 3,903 shares of the home improvement retailer’s stock worth $373,000 after acquiring an additional 1,381 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Lowe’s Companies during the second quarter worth approximately $8,224,000. Fisher Asset Management LLC boosted its position in Lowe’s Companies by 5.3% during the second quarter. Fisher Asset Management LLC now owns 34,263 shares of the home improvement retailer’s stock worth $3,275,000 after acquiring an additional 1,733 shares during the last quarter. Finally, Segment Wealth Management LLC acquired a new stake in Lowe’s Companies during the second quarter worth approximately $202,000. 74.13% of the stock is owned by institutional investors.

In related news, Director Lisa W. Wardell purchased 273 shares of the firm’s stock in a transaction on Friday, August 24th. The shares were bought at an average price of $107.72 per share, for a total transaction of $29,407.56. Following the acquisition, the director now directly owns 273 shares in the company, valued at $29,407.56. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.30% of the stock is owned by company insiders.

Shares of LOW opened at $112.75 on Friday. The firm has a market capitalization of $92.42 billion, a price-to-earnings ratio of 22.64, a P/E/G ratio of 1.53 and a beta of 1.40. Lowe’s Companies, Inc. has a fifty-two week low of $75.36 and a fifty-two week high of $114.54. The company has a current ratio of 1.06, a quick ratio of 0.25 and a debt-to-equity ratio of 2.58.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 7th. Shareholders of record on Wednesday, October 24th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, October 23rd. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.70%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 43.74%.

A number of analysts recently issued reports on the stock. Wells Fargo & Co restated a “buy” rating on shares of Lowe’s Companies in a research report on Thursday. Argus raised their target price on shares of Lowe’s Companies to $120.00 and gave the stock a “buy” rating in a research report on Thursday, August 23rd. Royal Bank of Canada raised their target price on shares of Lowe’s Companies to $118.00 and gave the stock an “outperform” rating in a research report on Thursday, August 23rd. Deutsche Bank raised their target price on shares of Lowe’s Companies to $118.00 and gave the stock a “buy” rating in a research report on Thursday, August 23rd. Finally, SunTrust Banks raised their target price on shares of Lowe’s Companies to $110.00 and gave the stock a “hold” rating in a research report on Thursday, August 23rd. Ten investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. Lowe’s Companies currently has a consensus rating of “Buy” and an average target price of $111.41.

Lowe’s Companies Company 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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