Crossmark Global Holdings Inc. grew its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 172,886 shares of the home improvement retailer’s stock after purchasing an additional 4,145 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Lowe’s Companies were worth $19,011,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of LOW. Nuveen Asset Management LLC boosted its stake in shares of Lowe’s Companies by 6,680.1% during the 2nd quarter. Nuveen Asset Management LLC now owns 6,312,448 shares of the home improvement retailer’s stock worth $636,989,000 after acquiring an additional 6,219,346 shares during the period. Viking Global Investors LP bought a new position in shares of Lowe’s Companies during the 2nd quarter worth approximately $139,358,000. Prudential PLC boosted its stake in shares of Lowe’s Companies by 456.1% during the 2nd quarter. Prudential PLC now owns 1,222,183 shares of the home improvement retailer’s stock worth $123,440,000 after acquiring an additional 1,002,390 shares during the period. Eaton Vance Management boosted its stake in shares of Lowe’s Companies by 49.9% during the 2nd quarter. Eaton Vance Management now owns 2,366,912 shares of the home improvement retailer’s stock worth $238,844,000 after acquiring an additional 788,392 shares during the period. Finally, Nordea Investment Management AB boosted its stake in shares of Lowe’s Companies by 395.6% during the 1st quarter. Nordea Investment Management AB now owns 821,674 shares of the home improvement retailer’s stock worth $89,950,000 after acquiring an additional 655,882 shares during the period. 76.23% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently commented on LOW. Credit Suisse Group reiterated a “neutral” rating and set a $114.00 target price (up from $99.00) on shares of Lowe’s Companies in a research note on Thursday, August 22nd. Barclays lifted their target price on Lowe’s Companies from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Monday, June 24th. Zacks Investment Research upgraded Lowe’s Companies from a “hold” rating to a “buy” rating and set a $116.00 target price for the company in a research note on Monday, September 30th. Raymond James downgraded Lowe’s Companies from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Finally, Royal Bank of Canada lifted their target price on Lowe’s Companies from $123.00 to $129.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Lowe’s Companies presently has a consensus rating of “Buy” and a consensus target price of $119.48.

LOW traded down $0.20 during trading on Wednesday, hitting $106.30. The stock had a trading volume of 3,223,715 shares, compared to its average volume of 4,740,287. The company has a 50 day moving average price of $110.07 and a 200-day moving average price of $105.73. The firm has a market cap of $82.91 billion, a price-to-earnings ratio of 20.68, a P/E/G ratio of 1.36 and a beta of 1.30. Lowe’s Companies, Inc. has a one year low of $84.75 and a one year high of $118.23. The company has a debt-to-equity ratio of 7.80, a current ratio of 1.06 and a quick ratio of 0.19.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, August 21st. The home improvement retailer reported $2.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.00 by $0.15. The business had revenue of $20.99 billion during the quarter, compared to the consensus estimate of $20.96 billion. Lowe’s Companies had a return on equity of 111.09% and a net margin of 3.52%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the company posted $2.07 EPS. As a group, sell-side analysts predict that Lowe’s Companies, Inc. will post 5.66 EPS for the current fiscal 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 issued a $0.55 dividend. The ex-dividend date is Tuesday, October 22nd. This represents a $2.20 annualized dividend and a yield of 2.07%. Lowe’s Companies’s dividend payout ratio is presently 42.80%.

In other Lowe’s Companies news, CAO Matthew V. Hollifield sold 12,136 shares of Lowe’s Companies stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $112.34, for a total value of $1,363,358.24. Following the completion of the transaction, the chief accounting officer now directly owns 28,017 shares of the company’s stock, valued at approximately $3,147,429.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jennifer L. Weber sold 12,589 shares of Lowe’s Companies stock in a transaction on Monday, September 16th. The shares were sold at an average price of $112.62, for a total value of $1,417,773.18. Following the completion of the transaction, the executive vice president now directly owns 17,440 shares of the company’s stock, valued at $1,964,092.80. The disclosure for this sale can be found here. 0.07% of the stock is owned by insiders.

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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