Shelter Mutual Insurance Co trimmed its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 8.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 82,730 shares of the home improvement retailer’s stock after selling 7,970 shares during the quarter. Lowe’s Companies comprises about 2.4% of Shelter Mutual Insurance Co’s investment portfolio, making the stock its 14th largest holding. Shelter Mutual Insurance Co’s holdings in Lowe’s Companies were worth $8,348,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in LOW. Geode Capital Management LLC increased its holdings in Lowe’s Companies by 7.6% in the 4th quarter. Geode Capital Management LLC now owns 10,336,009 shares of the home improvement retailer’s stock valued at $952,946,000 after buying an additional 728,740 shares during the period. Boston Partners boosted its stake in shares of Lowe’s Companies by 20.3% in the 1st quarter. Boston Partners now owns 4,900,149 shares of the home improvement retailer’s stock valued at $536,420,000 after purchasing an additional 826,414 shares in the last quarter. Artisan Partners Limited Partnership boosted its stake in shares of Lowe’s Companies by 14.9% in the 1st quarter. Artisan Partners Limited Partnership now owns 3,735,627 shares of the home improvement retailer’s stock valued at $408,939,000 after purchasing an additional 483,822 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of Lowe’s Companies by 0.6% in the 1st quarter. Parametric Portfolio Associates LLC now owns 3,349,230 shares of the home improvement retailer’s stock valued at $366,640,000 after purchasing an additional 19,829 shares in the last quarter. Finally, Swiss National Bank boosted its stake in shares of Lowe’s Companies by 2.1% in the 1st quarter. Swiss National Bank now owns 2,690,548 shares of the home improvement retailer’s stock valued at $294,534,000 after purchasing an additional 54,100 shares in the last quarter. 76.36% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have recently weighed in on LOW shares. Wedbush reduced their price target on shares of Lowe’s Companies from $110.00 to $105.00 and set a “neutral” rating on the stock in a research note on Thursday, May 23rd. ValuEngine downgraded shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. SunTrust Banks restated a “buy” rating and issued a $120.00 price target on shares of Lowe’s Companies in a research note on Friday, May 24th. Wells Fargo & Co restated a “buy” rating on shares of Lowe’s Companies in a research note on Friday, May 10th. Finally, Zacks Investment Research upgraded shares of Lowe’s Companies from a “sell” rating to a “hold” rating in a research note on Thursday, May 16th. Ten investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Lowe’s Companies has a consensus rating of “Buy” and a consensus price target of $112.88.

In other news, insider Marvin R. Ellison purchased 10,000 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were purchased at an average price of $95.05 per share, for a total transaction of $950,500.00. Following the transaction, the insider now owns 80,090 shares of the company’s stock, valued at $7,612,554.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Donald Frieson purchased 2,030 shares of the company’s stock in a transaction dated Wednesday, June 19th. The stock was purchased at an average price of $98.69 per share, for a total transaction of $200,340.70. Following the transaction, the executive vice president now directly owns 10,980 shares in the company, valued at approximately $1,083,616.20. The disclosure for this purchase can be found here. Insiders bought a total of 12,280 shares of company stock worth $1,174,566 in the last 90 days. Corporate insiders own 0.07% of the company’s stock.

NYSE:LOW traded down $1.00 during mid-day trading on Thursday, hitting $92.59. 2,020,178 shares of the company’s stock were exchanged, compared to its average volume of 4,542,688. The stock’s 50 day moving average is $102.10. The company has a debt-to-equity ratio of 6.37, a current ratio of 1.09 and a quick ratio of 0.24. Lowe’s Companies, Inc. has a fifty-two week low of $84.75 and a fifty-two week high of $118.23. The company has a market cap of $73.34 billion, a price-to-earnings ratio of 18.01, a P/E/G ratio of 1.25 and a beta of 1.36.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, May 22nd. The home improvement retailer reported $1.22 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.11). Lowe’s Companies had a return on equity of 91.85% and a net margin of 3.31%. The business had revenue of $17.74 billion for the quarter, compared to analyst estimates of $17.65 billion. During the same quarter in the prior year, the business earned $1.19 earnings per share. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. On average, analysts forecast that Lowe’s Companies, Inc. will post 5.59 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Wednesday, July 24th were given a $0.55 dividend. The ex-dividend date was Tuesday, July 23rd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.38%. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.48. Lowe’s Companies’s payout ratio is 42.80%.

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. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.

Further Reading: Stock Symbols and CUSIP Explained

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

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