Lowe’s Companies, Inc. (LOW) Position Maintained by VNBTrust National Association

VNBTrust National Association continued to hold its position in Lowe’s Companies, Inc. (NYSE:LOW) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,220 shares of the home improvement retailer’s stock at the end of the 2nd quarter. VNBTrust National Association’s holdings in Lowe’s Companies were worth $483,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in LOW. State of Alaska Department of Revenue acquired a new stake in shares of Lowe’s Companies during the first quarter worth about $109,000. Waldron LP acquired a new stake in shares of Lowe’s Companies during the first quarter worth about $364,000. Granite Investment Partners LLC lifted its holdings in shares of Lowe’s Companies by 3.5% during the first quarter. Granite Investment Partners LLC now owns 13,715 shares of the home improvement retailer’s stock worth $1,128,000 after purchasing an additional 465 shares during the period. Clear Harbor Asset Management LLC lifted its holdings in shares of Lowe’s Companies by 0.7% during the first quarter. Clear Harbor Asset Management LLC now owns 13,785 shares of the home improvement retailer’s stock worth $1,133,000 after purchasing an additional 100 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Lowe’s Companies by 4.8% during the first quarter. Janney Montgomery Scott LLC now owns 81,053 shares of the home improvement retailer’s stock worth $6,663,000 after purchasing an additional 3,733 shares during the period. 74.32% of the stock is owned by hedge funds and other institutional investors.

Shares of Lowe’s Companies, Inc. (LOW) traded up 1.3603% during mid-day trading on Tuesday, hitting $78.5542. The company had a trading volume of 2,451,711 shares. Lowe’s Companies, Inc. has a 12 month low of $64.87 and a 12 month high of $86.25. The firm has a 50-day moving average price of $75.88 and a 200 day moving average price of $79.62. The firm has a market capitalization of $65.75 billion, a P/E ratio of 22.3039 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 consensus estimate of $1.62 by ($0.05). The firm had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.58 billion. Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.37 earnings per share. On average, equities research analysts forecast that Lowe’s Companies, Inc. will post $4.49 earnings per share for the current fiscal year.

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

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A number of research firms recently commented on LOW. Zacks Investment Research raised Lowe’s Companies from a “sell” rating to a “hold” rating in a report on Monday. Bank of America Corporation began coverage on Lowe’s Companies in a report on Tuesday, September 5th. They set a “buy” rating and a $95.00 target price for the company. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $83.00 target price (down previously from $89.00) on shares of Lowe’s Companies in a report on Thursday, August 24th. 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. Finally, 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. Three analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average 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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