Flossbach Von Storch AG increased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 17.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,149,500 shares of the home improvement retailer’s stock after acquiring an additional 314,000 shares during the quarter. Lowe’s Companies comprises 1.9% of Flossbach Von Storch AG’s holdings, making the stock its 19th biggest position. Flossbach Von Storch AG owned 0.25% of Lowe’s Companies worth $166,651,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Harbour Capital Advisors LLC raised its stake in shares of Lowe’s Companies by 7,653.0% during the 2nd quarter. Harbour Capital Advisors LLC now owns 97,300 shares of the home improvement retailer’s stock worth $1,255,000 after acquiring an additional 96,045 shares in the last quarter. First Merchants Corp raised its stake in shares of Lowe’s Companies by 8.3% during the 2nd quarter. First Merchants Corp now owns 50,539 shares of the home improvement retailer’s stock worth $3,918,000 after acquiring an additional 3,852 shares in the last quarter. IBM Retirement Fund raised its stake in shares of Lowe’s Companies by 65.9% during the 2nd quarter. IBM Retirement Fund now owns 20,999 shares of the home improvement retailer’s stock worth $1,819,000 after acquiring an additional 8,339 shares in the last quarter. NGAM Advisors L.P. raised its stake in shares of Lowe’s Companies by 7.0% during the 2nd quarter. NGAM Advisors L.P. now owns 53,638 shares of the home improvement retailer’s stock worth $4,159,000 after acquiring an additional 3,532 shares in the last quarter. Finally, Sumitomo Life Insurance Co. raised its stake in shares of Lowe’s Companies by 12.6% during the 2nd quarter. Sumitomo Life Insurance Co. now owns 57,953 shares of the home improvement retailer’s stock worth $4,493,000 after acquiring an additional 6,482 shares in the last quarter. Hedge funds and other institutional investors own 74.32% of the company’s stock.

Shares of Lowe’s Companies, Inc. (NYSE:LOW) opened at 77.47 on Thursday. The company’s 50-day moving average is $75.62 and its 200-day moving average is $79.58. The stock has a market capitalization of $64.84 billion, a P/E ratio of 22.00 and a beta of 1.07. Lowe’s Companies, Inc. has a one year low of $64.87 and a one year high of $86.25. Lowe’s Companies also saw some unusual options trading activity on Monday. Traders bought 6,466 put options on the company. This is an increase of approximately 538% compared to the typical volume of 1,014 put options.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, August 23rd. The home improvement retailer reported $1.57 EPS for the quarter, missing the Zacks’ consensus estimate of $1.62 by $0.05. Lowe’s Companies had a net margin of 4.51% and a return on equity of 62.02%. The company had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.58 billion. During the same period in the prior year, the company earned $1.37 EPS. The company’s revenue was up 6.8% compared to the same quarter last year. On average, equities research analysts anticipate that Lowe’s Companies, Inc. will post $4.49 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Wednesday, October 25th will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Tuesday, October 24th. Lowe’s Companies’s dividend payout ratio is currently 46.20%.

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Several research firms recently commented on LOW. Oppenheimer Holdings, Inc. set a $100.00 price objective on shares of Lowe’s Companies and gave the stock a “buy” rating in a research note on Wednesday, May 24th. Wolfe Research reiterated an “outperform” rating and set a $94.00 price objective (down previously from $95.00) on shares of Lowe’s Companies in a research note on Sunday, May 28th. Sanford C. Bernstein reiterated an “underperform” rating and set a $69.00 price objective on shares of Lowe’s Companies in a research note on Wednesday, July 12th. BidaskClub upgraded shares of Lowe’s Companies from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, Robert W. Baird set a $87.00 price objective on shares of Lowe’s Companies and gave the stock a “buy” rating in a research note on Thursday, August 24th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the company. Lowe’s Companies currently has an average rating of “Hold” and an average target price of $85.00.

About Lowe’s Companies

Lowe’s Companies, Inc (Lowe’s) is a FORTUNE 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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