Huntington National Bank trimmed its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 124,248 shares of the home improvement retailer’s stock after selling 6,841 shares during the period. Huntington National Bank’s holdings in Lowe’s Companies were worth $16,789,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Sunbelt Securities Inc. raised its holdings in Lowe’s Companies by 12.1% during the 4th quarter. Sunbelt Securities Inc. now owns 21,996 shares of the home improvement retailer’s stock worth $2,386,000 after purchasing an additional 2,374 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in Lowe’s Companies by 194.4% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 13,527 shares of the home improvement retailer’s stock valued at $1,622,000 after buying an additional 8,932 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake in Lowe’s Companies by 146.3% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 303 shares of the home improvement retailer’s stock valued at $26,000 after buying an additional 180 shares in the last quarter. Fulton Bank N.A. boosted its stake in Lowe’s Companies by 13.8% in the first quarter. Fulton Bank N.A. now owns 15,456 shares of the home improvement retailer’s stock valued at $1,330,000 after buying an additional 1,874 shares in the last quarter. Finally, Pensionfund Sabic boosted its stake in Lowe’s Companies by 2.1% in the first quarter. Pensionfund Sabic now owns 23,800 shares of the home improvement retailer’s stock valued at $2,048,000 after buying an additional 500 shares in the last quarter. 74.49% of the stock is currently owned by institutional investors.

NYSE LOW traded down $0.29 during trading on Friday, reaching $148.91. The company’s stock had a trading volume of 3,928,596 shares, compared to its average volume of 3,264,570. The firm has a fifty day moving average of $137.36 and a 200 day moving average of $116.11. Lowe’s Companies, Inc. has a one year low of $60.00 and a one year high of $149.92. The company has a debt-to-equity ratio of 14.05, a current ratio of 1.20 and a quick ratio of 0.42. The stock has a market capitalization of $112.65 billion, a PE ratio of 25.15, a P/E/G ratio of 1.42 and a beta of 1.44.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, May 20th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.45. Lowe’s Companies had a return on equity of 220.44% and a net margin of 6.17%. The firm had revenue of $19.68 billion during the quarter, compared to analysts’ expectations of $18.33 billion. During the same period in the prior year, the business earned $1.22 EPS. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. Research analysts expect that Lowe’s Companies, Inc. will post 6.74 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 5th. Investors of record on Wednesday, July 22nd will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date is Tuesday, July 21st. Lowe’s Companies’s dividend payout ratio (DPR) is presently 38.46%.

Several analysts recently weighed in on LOW shares. Barclays raised their price objective on Lowe’s Companies from $125.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, July 8th. Zacks Investment Research lowered Lowe’s Companies from a “hold” rating to a “sell” rating and set a $108.00 price objective on the stock. in a research note on Tuesday, April 28th. Longbow Research lifted their price target on Lowe’s Companies from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Gordon Haskett raised Lowe’s Companies from a “hold” rating to a “buy” rating and lifted their price target for the company from $110.00 to $151.00 in a research note on Tuesday, June 2nd. Finally, Robert W. Baird raised their price objective on Lowe’s Companies from $115.00 to $135.00 and gave the stock an “outperform” rating in a research report on Monday, May 18th. One 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 company’s stock. The company has a consensus rating of “Buy” and an average target price of $140.86.

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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