Pinebridge Investments L.P. lifted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 31.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 137,237 shares of the home improvement retailer’s stock after purchasing an additional 32,647 shares during the quarter. Pinebridge Investments L.P.’s holdings in Lowe’s Companies were worth $13,849,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in LOW. Comerica Securities Inc. grew its stake in Lowe’s Companies by 6.3% during the fourth quarter. Comerica Securities Inc. now owns 13,753 shares of the home improvement retailer’s stock worth $1,270,000 after buying an additional 818 shares in the last quarter. Geode Capital Management LLC grew its stake in Lowe’s Companies by 7.6% during the fourth quarter. Geode Capital Management LLC now owns 10,336,009 shares of the home improvement retailer’s stock worth $952,946,000 after buying an additional 728,740 shares in the last quarter. Harfst & Associates Inc. acquired a new stake in Lowe’s Companies during the first quarter worth about $293,000. Trust Co. of Vermont grew its stake in Lowe’s Companies by 2.8% during the first quarter. Trust Co. of Vermont now owns 93,045 shares of the home improvement retailer’s stock worth $10,186,000 after buying an additional 2,555 shares in the last quarter. Finally, Vision Capital Management Inc. grew its stake in Lowe’s Companies by 1.1% during the first quarter. Vision Capital Management Inc. now owns 9,314 shares of the home improvement retailer’s stock worth $1,020,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 76.92% of the company’s stock.

NYSE:LOW traded down $0.34 during mid-day trading on Friday, hitting $113.54. 1,878,417 shares of the company’s stock were exchanged, compared to its average volume of 5,542,121. The company has a 50 day simple moving average of $104.29 and a 200-day simple moving average of $104.74. The company has a current ratio of 1.06, a quick ratio of 0.19 and a debt-to-equity ratio of 7.80. Lowe’s Companies, Inc. has a fifty-two week low of $84.75 and a fifty-two week high of $118.23. The firm has a market capitalization of $88.97 billion, a P/E ratio of 22.09, a PEG ratio of 1.49 and a beta of 1.30.

Lowe’s Companies (NYSE:LOW) last posted its earnings results 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. Lowe’s Companies had a net margin of 3.52% and a return on equity of 111.09%. The business had revenue of $20.99 billion for the quarter, compared to the consensus estimate of $20.96 billion. During the same period last year, the company earned $2.07 EPS. The firm’s revenue was up .5% compared to the same quarter last year. As a group, analysts expect that Lowe’s Companies, Inc. will post 5.65 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $2.20 annualized dividend and a yield of 1.94%. Lowe’s Companies’s dividend payout ratio is presently 42.80%.

In other Lowe’s Companies news, EVP Donald Frieson bought 2,030 shares of the business’s stock in a transaction that occurred on Wednesday, June 19th. The shares were acquired at an average cost of $98.69 per share, for a total transaction of $200,340.70. Following the transaction, the executive vice president now directly owns 10,980 shares in the company, valued at $1,083,616.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.07% of the stock is owned by company insiders.

A number of equities research analysts have recently weighed in on LOW shares. KeyCorp restated an “overweight” rating and issued a $125.00 price target (up from $120.00) on shares of Lowe’s Companies in a research note on Thursday, August 22nd. Cfra restated a “hold” rating and issued a $105.00 price target on shares of Lowe’s Companies in a research note on Friday, June 14th. Bank of America set a $135.00 price target on shares of Lowe’s Companies and gave the company a “buy” rating in a research note on Monday, May 27th. Jefferies Financial Group set a $125.00 price target on shares of Lowe’s Companies and gave the company a “buy” rating in a research note on Monday, August 26th. Finally, Gabelli restated a “buy” rating on shares of Lowe’s Companies in a research note on Thursday, May 23rd. Nine equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Lowe’s Companies currently has a consensus rating of “Buy” and a consensus price target of $116.82.

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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