Dynamic Technology Lab Private Ltd boosted its stake in shares of Lowe's Companies, Inc. (NYSE:LOW) by 71.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,800 shares of the home improvement retailer’s stock after buying an additional 9,484 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Lowe's Companies were worth $1,823,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in LOW. Guardian Life Insurance Co. of America raised its position in shares of Lowe's Companies by 0.4% in the 1st quarter. Guardian Life Insurance Co. of America now owns 3,346 shares of the home improvement retailer’s stock worth $275,000 after acquiring an additional 13 shares in the last quarter. Alps Advisors Inc. raised its position in shares of Lowe's Companies by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 5,844 shares of the home improvement retailer’s stock worth $453,000 after acquiring an additional 15 shares in the last quarter. Bank of Stockton raised its position in shares of Lowe's Companies by 0.6% in the 2nd quarter. Bank of Stockton now owns 4,670 shares of the home improvement retailer’s stock worth $362,000 after acquiring an additional 30 shares in the last quarter. Brave Asset Management Inc. raised its position in shares of Lowe's Companies by 1.5% in the 2nd quarter. Brave Asset Management Inc. now owns 2,927 shares of the home improvement retailer’s stock worth $227,000 after acquiring an additional 42 shares in the last quarter. Finally, CHICAGO TRUST Co NA raised its position in shares of Lowe's Companies by 1.3% in the 2nd quarter. CHICAGO TRUST Co NA now owns 3,606 shares of the home improvement retailer’s stock worth $280,000 after acquiring an additional 46 shares in the last quarter. 73.12% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Lowe's Companies, Inc. (NYSE:LOW) opened at $91.19 on Tuesday. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.12 and a current ratio of 1.02. The company has a market capitalization of $75,665.87, a P/E ratio of 21.87, a price-to-earnings-growth ratio of 1.37 and a beta of 1.15. Lowe's Companies, Inc. has a twelve month low of $70.49 and a twelve month high of $91.25.

Lowe's Companies (NYSE:LOW) last issued its quarterly earnings data on Tuesday, November 21st. The home improvement retailer reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.03. The firm had revenue of $16.77 billion during 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%. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.88 EPS. sell-side analysts predict that Lowe's Companies, Inc. will post 4.51 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date is Tuesday, January 23rd. Lowe's Companies’s dividend payout ratio is currently 39.33%.

Several research analysts have recently weighed in on LOW shares. Zacks Investment Research lowered Lowe's Companies from a “hold” rating to a “sell” rating in a research report on Monday, August 28th. Bank of America started coverage on Lowe's Companies in a research report on Tuesday, September 5th. They issued a “buy” rating and a $95.00 price objective for the company. Royal Bank of Canada reissued a “buy” rating and issued a $81.00 price objective on shares of Lowe's Companies in a research report on Monday, September 25th. Jefferies Group reaffirmed a “hold” rating and issued a $75.00 target price on shares of Lowe's Companies in a research report on Thursday, September 28th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $80.00 target price on shares of Lowe's Companies in a research report on Friday, September 29th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seventeen have given a buy rating to the stock. Lowe's Companies has an average rating of “Hold” and an average target price of $87.66.

In other Lowe's Companies news, insider Nelson B. Peace sold 3,352 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $80.20, for a total transaction of $268,830.40. Following the completion of the sale, the insider now directly owns 4,650 shares of the company’s stock, valued at approximately $372,930. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.11% of the company’s stock.

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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.

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

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