Clean Yield Group lifted its holdings in Lowe's Companies, Inc. (NYSE:LOW) by 8.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,663 shares of the home improvement retailer’s stock after acquiring an additional 128 shares during the period. Clean Yield Group’s holdings in Lowe's Companies were worth $276,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the company. State Street Corp raised its position in shares of Lowe's Companies by 2.7% in the 1st quarter. State Street Corp now owns 35,413,724 shares of the home improvement retailer’s stock worth $3,047,351,000 after acquiring an additional 922,369 shares in the last quarter. FMR LLC increased its position in Lowe's Companies by 3.2% in the 2nd quarter. FMR LLC now owns 22,847,450 shares of the home improvement retailer’s stock valued at $3,087,147,000 after buying an additional 706,111 shares in the last quarter. Nuveen Asset Management LLC increased its position in Lowe's Companies by 2.2% in the 2nd quarter. Nuveen Asset Management LLC now owns 8,351,287 shares of the home improvement retailer’s stock valued at $1,128,426,000 after buying an additional 181,285 shares in the last quarter. Bank of New York Mellon Corp increased its position in Lowe's Companies by 2.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 7,967,519 shares of the home improvement retailer’s stock valued at $1,076,571,000 after buying an additional 184,794 shares in the last quarter. Finally, Swiss National Bank increased its position in Lowe's Companies by 1.7% in the 2nd quarter. Swiss National Bank now owns 3,031,503 shares of the home improvement retailer’s stock valued at $409,617,000 after buying an additional 50,800 shares in the last quarter. 74.63% of the stock is owned by hedge funds and other institutional investors.

NYSE LOW traded up $1.55 during trading on Friday, hitting $177.70. 3,879,396 shares of the company’s stock traded hands, compared to its average volume of 5,110,834. The stock has a fifty day moving average of $164.39 and a two-hundred day moving average of $135.31. The company has a debt-to-equity ratio of 4.64, a current ratio of 1.30 and a quick ratio of 0.65. Lowe's Companies, Inc. has a 12-month low of $60.00 and a 12-month high of $180.67. The firm has a market cap of $134.29 billion, a P/E ratio of 23.63, a PEG ratio of 1.23 and a beta of 1.48.

Lowe's Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, August 19th. The home improvement retailer reported $3.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.95 by $0.80. The business had revenue of $27.30 billion during the quarter, compared to analyst estimates of $24.24 billion. Lowe's Companies had a net margin of 7.12% and a return on equity of 228.17%. The company’s revenue was up 30.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.15 earnings per share. As a group, analysts expect that Lowe's Companies, Inc. will post 8.49 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 4th. Stockholders of record on Wednesday, October 21st will be issued a dividend of $0.60 per share. This is a positive change from Lowe's Companies’s previous quarterly dividend of $0.55. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Tuesday, October 20th. Lowe's Companies’s dividend payout ratio is currently 38.46%.

A number of brokerages have commented on LOW. Goldman Sachs Group boosted their price objective on Lowe's Companies from $149.00 to $176.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. BNP Paribas began coverage on Lowe's Companies in a report on Monday, October 5th. They set a “neutral” rating and a $159.00 price objective for the company. Nomura boosted their price objective on Lowe's Companies from $130.00 to $146.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Barclays boosted their price objective on Lowe's Companies from $150.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, August 20th. Finally, Loop Capital boosted their price objective on Lowe's Companies from $180.00 to $195.00 and gave the stock a “buy” rating in a report on Wednesday, September 23rd. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company. Lowe's Companies currently has an average rating of “Buy” and a consensus price target of $169.50.

In other news, EVP Ross W. Mccanless sold 62,838 shares of the stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $168.33, for a total transaction of $10,577,520.54. Following the completion of the sale, the executive vice president now directly owns 72,967 shares in the company, valued at $12,282,535.11. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.07% of the company’s stock.

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 appliances, décor, paint, hardware, millwork, lawn and garden, lighting, lumber and building materials, flooring, kitchens and bath, rough plumbing and electrical, seasonal and outdoor living, and tools.

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

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