Stock Yards Bank & Trust Co. decreased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,355 shares of the home improvement retailer’s stock after selling 650 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Lowe’s Companies were worth $1,940,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in LOW. Norges Bank purchased a new stake in Lowe’s Companies during the fourth quarter valued at $974,104,000. Nuveen Asset Management LLC raised its stake in Lowe’s Companies by 31.7% during the first quarter. Nuveen Asset Management LLC now owns 8,170,002 shares of the home improvement retailer’s stock valued at $703,029,000 after purchasing an additional 1,966,342 shares in the last quarter. Fred Alger Management LLC raised its stake in shares of Lowe’s Companies by 967.2% in the first quarter. Fred Alger Management LLC now owns 1,891,030 shares of the home improvement retailer’s stock valued at $162,723,000 after acquiring an additional 1,713,842 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Lowe’s Companies by 26.9% in the first quarter. Bank of New York Mellon Corp now owns 7,782,725 shares of the home improvement retailer’s stock valued at $669,704,000 after acquiring an additional 1,647,977 shares during the period. Finally, Franklin Resources Inc. raised its stake in shares of Lowe’s Companies by 57.1% in the first quarter. Franklin Resources Inc. now owns 4,092,618 shares of the home improvement retailer’s stock valued at $352,169,000 after acquiring an additional 1,486,994 shares during the period. 74.49% of the stock is currently owned by institutional investors.

LOW has been the topic of several recent analyst reports. TheStreet raised shares of Lowe’s Companies from a “c+” rating to a “b-” rating in a research note on Monday, May 11th. Guggenheim reaffirmed a “buy” rating and issued a $135.00 price target on shares of Lowe’s Companies in a research note on Wednesday, May 20th. Credit Suisse Group reduced their price target on shares of Lowe’s Companies from $131.00 to $106.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 1st. Bank of America raised their price target on shares of Lowe’s Companies from $143.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, June 12th. Finally, Loop Capital raised their price target on shares of Lowe’s Companies from $105.00 to $140.00 in a research note on Thursday, May 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $136.31.

LOW stock traded up $3.52 during trading on Tuesday, reaching $140.06. The company had a trading volume of 4,360,700 shares, compared to its average volume of 5,780,593. The firm has a 50-day simple moving average of $131.55 and a 200-day simple moving average of $113.87. The company has a market cap of $103.09 billion, a price-to-earnings ratio of 23.45, a price-to-earnings-growth ratio of 1.28 and a beta of 1.44. The company has a debt-to-equity ratio of 14.05, a quick ratio of 0.42 and a current ratio of 1.20. Lowe’s Companies, Inc. has a twelve month low of $60.00 and a twelve month high of $140.79.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, May 20th. The home improvement retailer reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.45. The company had revenue of $19.68 billion during the quarter, compared to analysts’ expectations of $18.33 billion. Lowe’s Companies had a net margin of 6.17% and a return on equity of 220.44%. Lowe’s Companies’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period last year, the business earned $1.22 EPS. Sell-side analysts expect that Lowe’s Companies, Inc. will post 6.66 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 5th. Investors of record on Wednesday, July 22nd will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Tuesday, July 21st. Lowe’s Companies’s dividend payout ratio (DPR) is presently 38.46%.

Lowe’s Companies Company 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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