Artemis Investment Management LLP raised its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 24.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,023,694 shares of the home improvement retailer’s stock after buying an additional 198,737 shares during the quarter. Lowe’s Companies accounts for about 1.5% of Artemis Investment Management LLP’s holdings, making the stock its 9th biggest position. Artemis Investment Management LLP’s holdings in Lowe’s Companies were worth $122,507,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in LOW. Nuveen Asset Management LLC raised its stake in shares of Lowe’s Companies by 6,680.1% in the second quarter. Nuveen Asset Management LLC now owns 6,312,448 shares of the home improvement retailer’s stock worth $636,989,000 after purchasing an additional 6,219,346 shares during the last quarter. Moors & Cabot Inc. grew its stake in shares of Lowe’s Companies by 5.2% in the third quarter. Moors & Cabot Inc. now owns 12,250 shares of the home improvement retailer’s stock worth $1,345,000 after acquiring an additional 603 shares during the period. Flagship Harbor Advisors LLC grew its stake in shares of Lowe’s Companies by 29.4% in the third quarter. Flagship Harbor Advisors LLC now owns 2,907 shares of the home improvement retailer’s stock worth $319,000 after acquiring an additional 661 shares during the period. Anchor Capital Advisors LLC bought a new stake in shares of Lowe’s Companies in the third quarter worth approximately $11,162,000. Finally, Bank of Hawaii raised its holdings in shares of Lowe’s Companies by 21.6% during the third quarter. Bank of Hawaii now owns 19,221 shares of the home improvement retailer’s stock valued at $2,114,000 after purchasing an additional 3,416 shares during the last quarter. Institutional investors and hedge funds own 74.58% of the company’s stock.

Shares of NYSE:LOW traded down $0.69 during midday trading on Tuesday, hitting $120.36. The company had a trading volume of 1,135,679 shares, compared to its average volume of 2,864,786. Lowe’s Companies, Inc. has a 12-month low of $90.23 and a 12-month high of $122.88. The company has a fifty day moving average of $118.88 and a two-hundred day moving average of $110.60. The company has a market cap of $92.74 billion, a price-to-earnings ratio of 23.42, a PEG ratio of 1.51 and a beta of 1.28. The company has a debt-to-equity ratio of 8.37, a current ratio of 1.04 and a quick ratio of 0.13.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, November 20th. The home improvement retailer reported $1.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.06. Lowe’s Companies had a return on equity of 146.62% and a net margin of 4.11%. The company had revenue of $17.39 billion for the quarter, compared to the consensus estimate of $17.69 billion. During the same period in the previous year, the business earned $1.04 earnings per share. Lowe’s Companies’s quarterly revenue was down .2% compared to the same quarter last year. Research analysts expect that Lowe’s Companies, Inc. will post 5.7 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Tuesday, January 21st. Lowe’s Companies’s dividend payout ratio (DPR) is currently 42.80%.

LOW has been the topic of a number of research analyst reports. Wedbush restated an “outperform” rating and set a $135.00 price objective on shares of Lowe’s Companies in a research report on Thursday, November 21st. SunTrust Banks boosted their target price on shares of Lowe’s Companies from $120.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Jefferies Financial Group boosted their target price on shares of Lowe’s Companies from $141.00 to $143.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Zacks Investment Research raised Lowe’s Companies from a “hold” rating to a “buy” rating and set a $116.00 price target on the stock in a report on Monday, September 30th. Finally, Guggenheim raised their price target on Lowe’s Companies from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Six analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $129.46.

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.

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

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