Watch Point Trust Co boosted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 14.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 25,669 shares of the home improvement retailer’s stock after purchasing an additional 3,200 shares during the quarter. Watch Point Trust Co’s holdings in Lowe’s Companies were worth $2,590,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Flagship Harbor Advisors LLC lifted its position in shares of Lowe’s Companies by 4.8% in the 1st quarter. Flagship Harbor Advisors LLC now owns 2,015 shares of the home improvement retailer’s stock worth $220,000 after acquiring an additional 93 shares during the period. Bailard Inc. lifted its position in shares of Lowe’s Companies by 3.6% in the 1st quarter. Bailard Inc. now owns 2,764 shares of the home improvement retailer’s stock worth $303,000 after acquiring an additional 95 shares during the period. Naples Global Advisors LLC lifted its position in shares of Lowe’s Companies by 3.4% in the 1st quarter. Naples Global Advisors LLC now owns 3,054 shares of the home improvement retailer’s stock worth $334,000 after acquiring an additional 99 shares during the period. Lcnb Corp lifted its position in shares of Lowe’s Companies by 0.9% in the 2nd quarter. Lcnb Corp now owns 10,534 shares of the home improvement retailer’s stock worth $1,063,000 after acquiring an additional 99 shares during the period. Finally, Vision Capital Management Inc. lifted its position in shares of Lowe’s Companies by 1.1% in the 1st quarter. Vision Capital Management Inc. now owns 9,314 shares of the home improvement retailer’s stock worth $1,020,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 76.36% of the company’s stock.

A number of brokerages have commented on LOW. ValuEngine downgraded Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. SunTrust Banks reiterated a “buy” rating and issued a $120.00 price objective on shares of Lowe’s Companies in a research report on Friday, May 24th. Wells Fargo & Co reiterated a “buy” rating on shares of Lowe’s Companies in a research report on Friday, May 10th. Bank of America set a $135.00 target price on Lowe’s Companies and gave the stock a “buy” rating in a research report on Monday, May 27th. Finally, Morgan Stanley set a $123.00 target price on Lowe’s Companies and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Ten investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $112.88.

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

LOW stock traded down $1.03 during midday trading on Thursday, reaching $92.56. 152,772 shares of the company’s stock traded hands, compared to its average volume of 4,542,688. The business has a 50-day moving average of $102.10. Lowe’s Companies, Inc. has a 1-year low of $84.75 and a 1-year high of $118.23. The stock has a market cap of $73.34 billion, a P/E ratio of 18.01, a price-to-earnings-growth ratio of 1.25 and a beta of 1.36. The company has a current ratio of 1.09, a quick ratio of 0.24 and a debt-to-equity ratio of 6.37.

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

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

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

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