HighPoint Advisor Group LLC reduced its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 7.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,603 shares of the home improvement retailer’s stock after selling 613 shares during the quarter. HighPoint Advisor Group LLC’s holdings in Lowe’s Companies were worth $743,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Almanack Investment Partners LLC. acquired a new position in Lowe’s Companies during the 2nd quarter worth $103,000. CSat Investment Advisory L.P. acquired a new position in Lowe’s Companies during the 2nd quarter worth $108,000. ClariVest Asset Management LLC acquired a new position in Lowe’s Companies during the 1st quarter worth $118,000. Rainier Group Investment Advisory LLC acquired a new position in Lowe’s Companies during the 1st quarter worth $121,000. Finally, NuWave Investment Management LLC acquired a new position in Lowe’s Companies during the 2nd quarter worth $126,000. 74.45% of the stock is currently owned by institutional investors and hedge funds.

LOW stock opened at $113.74 on Tuesday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.25 and a current ratio of 1.06. The firm has a market capitalization of $92.05 billion, a PE ratio of 25.91, a P/E/G ratio of 1.52 and a beta of 1.40. Lowe’s Companies, Inc. has a twelve month low of $75.36 and a twelve month high of $114.54.

Lowe’s Companies (NYSE:LOW) last posted 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. Lowe’s Companies had a return on equity of 71.96% and a net margin of 5.58%. The company had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.79 billion. During the same quarter in the prior year, the business posted $1.57 EPS. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. analysts expect that Lowe’s Companies, Inc. will post 5.2 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 7th. Investors of record on Wednesday, October 24th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Tuesday, October 23rd. Lowe’s Companies’s dividend payout ratio is currently 43.74%.

In other news, Director Lisa W. Wardell acquired 273 shares of the stock in a transaction that occurred on Friday, August 24th. The stock was acquired at an average price of $107.72 per share, for a total transaction of $29,407.56. Following the transaction, the director now directly owns 273 shares in the company, valued at $29,407.56. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.30% of the stock is owned by corporate insiders.

LOW has been the topic of several research reports. ValuEngine raised Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Thursday, May 24th. Morgan Stanley set a $115.00 price objective on Lowe’s Companies and gave the stock a “buy” rating in a report on Thursday, May 24th. Credit Suisse Group set a $111.00 price objective on Lowe’s Companies and gave the stock a “buy” rating in a report on Wednesday, May 23rd. Loop Capital raised Lowe’s Companies from a “hold” rating to a “buy” rating and set a $107.00 price objective on the stock in a report on Wednesday, May 23rd. Finally, Wells Fargo & Co reaffirmed a “buy” rating and set a $100.00 price objective on shares of Lowe’s Companies in a report on Tuesday, May 22nd. Ten analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $111.78.

About Lowe’s Companies

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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