Lowe’s Companies, Inc. (LOW) Holdings Maintained by Indiana Trust & Investment Management CO

Indiana Trust & Investment Management CO continued to hold its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,715 shares of the home improvement retailer’s stock at the end of the second quarter. Indiana Trust & Investment Management CO’s holdings in Lowe’s Companies were worth $1,761,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. boosted its holdings in shares of Lowe’s Companies by 0.4% during the 1st quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock worth $101,000 after buying an additional 5 shares during the period. Guardian Life Insurance Co. of America boosted its holdings in shares of Lowe’s Companies by 0.4% during the 1st quarter. Guardian Life Insurance Co. of America now owns 3,346 shares of the home improvement retailer’s stock worth $275,000 after buying an additional 13 shares during the period. Winfield Associates Inc. boosted its holdings in shares of Lowe’s Companies by 0.6% during the 1st quarter. Winfield Associates Inc. now owns 2,392 shares of the home improvement retailer’s stock worth $196,000 after buying an additional 15 shares during the period. Modera Wealth Management LLC boosted its holdings in shares of Lowe’s Companies by 0.3% during the 1st quarter. Modera Wealth Management LLC now owns 4,927 shares of the home improvement retailer’s stock worth $405,000 after buying an additional 15 shares during the period. Finally, First Personal Financial Services boosted its holdings in shares of Lowe’s Companies by 0.3% during the 1st quarter. First Personal Financial Services now owns 8,067 shares of the home improvement retailer’s stock worth $663,000 after buying an additional 21 shares during the period. Institutional investors own 74.32% of the company’s stock.

Lowe’s Companies, Inc. (LOW) traded up 1.35% during midday trading on Tuesday, hitting $78.55. 2,451,334 shares of the stock were exchanged. Lowe’s Companies, Inc. has a 1-year low of $64.87 and a 1-year high of $86.25. The company’s 50 day moving average is $75.88 and its 200-day moving average is $79.62. The stock has a market cap of $65.75 billion, a PE ratio of 22.30 and a beta of 1.07.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.62 by ($0.05). The company had revenue of $19.50 billion for the quarter, compared to analysts’ expectations of $19.58 billion. Lowe’s Companies had a net margin of 4.51% and a return on equity of 62.02%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.37 earnings per share. On average, analysts expect that Lowe’s Companies, Inc. will post $4.49 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 8th. Shareholders of record on Wednesday, October 25th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date is Tuesday, October 24th. Lowe’s Companies’s payout ratio is currently 46.20%.

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Several analysts recently commented on the stock. Longbow Research reaffirmed a “buy” rating and set a $95.00 target price on shares of Lowe’s Companies in a report on Monday, August 14th. Zacks Investment Research raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a report on Friday, August 11th. Jefferies Group LLC reaffirmed a “hold” rating and set a $75.00 target price (down previously from $89.00) on shares of Lowe’s Companies in a report on Thursday, August 24th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $80.00 target price (down previously from $83.00) on shares of Lowe’s Companies in a report on Thursday, August 24th. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $94.00 target price (down previously from $95.00) on shares of Lowe’s Companies in a report on Sunday, May 28th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $85.00.

Lowe’s Companies Profile

Lowe’s Companies, Inc (Lowe’s) is a FORTUNE home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens.

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

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