Homrich & Berg boosted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 9.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,130 shares of the home improvement retailer’s stock after purchasing an additional 443 shares during the quarter. Homrich & Berg’s holdings in Lowe’s Companies were worth $518,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Bbva USA Bancshares Inc. grew its holdings in shares of Lowe’s Companies by 1.7% during the second quarter. Bbva USA Bancshares Inc. now owns 55,542 shares of the home improvement retailer’s stock valued at $5,605,000 after buying an additional 903 shares during the last quarter. Heritage Wealth Advisors grew its holdings in shares of Lowe’s Companies by 55.6% during the second quarter. Heritage Wealth Advisors now owns 7,275 shares of the home improvement retailer’s stock valued at $734,000 after buying an additional 2,600 shares during the last quarter. FTB Advisors Inc. grew its holdings in shares of Lowe’s Companies by 2.0% during the second quarter. FTB Advisors Inc. now owns 23,078 shares of the home improvement retailer’s stock valued at $2,328,000 after buying an additional 449 shares during the last quarter. First Long Island Investors LLC grew its holdings in shares of Lowe’s Companies by 9.9% during the second quarter. First Long Island Investors LLC now owns 246,876 shares of the home improvement retailer’s stock valued at $24,912,000 after buying an additional 22,189 shares during the last quarter. Finally, Brighton Jones LLC grew its holdings in shares of Lowe’s Companies by 7.7% during the second quarter. Brighton Jones LLC now owns 11,213 shares of the home improvement retailer’s stock valued at $1,132,000 after buying an additional 804 shares during the last quarter. Hedge funds and other institutional investors own 75.85% of the company’s stock.

A number of research analysts have recently issued reports on LOW shares. Royal Bank of Canada set a $123.00 price objective on shares of Lowe’s Companies and gave the company a “buy” rating in a report on Wednesday. Credit Suisse Group reiterated a “neutral” rating and set a $114.00 price objective (up from $99.00) on shares of Lowe’s Companies in a report on Thursday. Loop Capital lifted their price objective on shares of Lowe’s Companies to $105.00 and gave the company a “hold” rating in a report on Thursday. Morgan Stanley lifted their price objective on shares of Lowe’s Companies from $123.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday. Finally, SunTrust Banks reiterated a “buy” rating and set a $120.00 price objective on shares of Lowe’s Companies in a report on Friday, May 24th. Ten analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Lowe’s Companies presently has an average rating of “Buy” and an average price target of $116.08.

LOW stock traded down $0.61 during mid-day trading on Friday, hitting $107.55. The company had a trading volume of 815,279 shares, compared to its average volume of 4,928,613. The firm has a market cap of $76.62 billion, a PE ratio of 20.92, a price-to-earnings-growth ratio of 1.28 and a beta of 1.36. The company has a debt-to-equity ratio of 6.37, a quick ratio of 0.24 and a current ratio of 1.09. Lowe’s Companies, Inc. has a 12 month low of $84.75 and a 12 month high of $118.23. The stock’s fifty day moving average price is $101.62 and its two-hundred day moving average price is $103.69.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, August 21st. The home improvement retailer reported $2.15 EPS for the quarter, topping the consensus estimate of $2.00 by $0.15. The business had revenue of $20.99 billion for the quarter, compared to analyst estimates of $20.96 billion. Lowe’s Companies had a net margin of 3.31% and a return on equity of 91.85%. The company’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.07 earnings per share. Equities analysts anticipate that Lowe’s Companies, Inc. will post 5.57 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Tuesday, October 22nd. Lowe’s Companies’s dividend payout ratio is 42.80%.

In related news, EVP Donald Frieson acquired 2,030 shares of the stock in a transaction on Wednesday, June 19th. The shares were acquired at an average price of $98.69 per share, with a total value of $200,340.70. Following the completion of the transaction, the executive vice president now owns 10,980 shares in the company, valued at approximately $1,083,616.20. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.07% of the company’s stock.

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. 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: Average Daily Trade Volume – What You Need to Know

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

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