Richard C. Young & CO. LTD. Acquires 36,923 Shares of Lowe’s Companies, Inc. (LOW)

Richard C. Young & CO. LTD. raised its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 77.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 84,611 shares of the home improvement retailer’s stock after acquiring an additional 36,923 shares during the period. Richard C. Young & CO. LTD.’s holdings in Lowe’s Companies were worth $6,560,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of LOW. SRS Capital Advisors Inc. raised its position 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 valued at $101,000 after acquiring an additional 5 shares during the last quarter. Harbour Capital Advisors LLC bought a new stake in shares of Lowe’s Companies during the 1st quarter valued at $103,000. Hanson McClain Inc. raised its position in shares of Lowe’s Companies by 3.5% during the 1st quarter. Hanson McClain Inc. now owns 1,337 shares of the home improvement retailer’s stock valued at $110,000 after acquiring an additional 45 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Lowe’s Companies by 8.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 1,440 shares of the home improvement retailer’s stock valued at $111,000 after acquiring an additional 110 shares during the last quarter. Finally, Balentine LLC bought a new stake in shares of Lowe’s Companies during the 1st quarter valued at $120,000. Institutional investors own 74.36% of the company’s stock.

In other news, insider Paul D. Ramsay sold 2,098 shares of the stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $78.02, for a total transaction of $163,685.96. Following the completion of the transaction, the insider now directly owns 8,400 shares in the company, valued at approximately $655,368. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Matthew V. Hollifield sold 7,853 shares of the company’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $78.30, for a total transaction of $614,889.90. Following the completion of the sale, the senior vice president now directly owns 30,750 shares in the company, valued at $2,407,725. The disclosure for this sale can be found here. Corporate insiders own 0.11% of the company’s stock.

Lowe’s Companies, Inc. (NYSE LOW) opened at $77.92 on Friday. Lowe’s Companies, Inc. has a one year low of $64.87 and a one year high of $86.25. The company has a debt-to-equity ratio of 2.85, a quick ratio of 0.19 and a current ratio of 1.03. The company has a market cap of $65,219.04, a PE ratio of 17.95, a PEG ratio of 1.27 and a beta of 1.13.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, August 23rd. The home improvement retailer reported $1.57 EPS for the quarter, missing the Zacks’ consensus estimate of $1.62 by ($0.05). Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. The business had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.58 billion. During the same quarter in the prior year, the company earned $1.37 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. research analysts anticipate that Lowe’s Companies, Inc. will post 4.51 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Wednesday, October 25th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, October 24th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.10%. Lowe’s Companies’s dividend payout ratio is 46.20%.

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LOW has been the subject of several recent research reports. Bank of America Corporation initiated coverage on shares of Lowe’s Companies in a research report on Tuesday, September 5th. They set a “buy” rating and a $95.00 target price for the company. Zacks Investment Research cut shares of Lowe’s Companies from a “hold” rating to a “sell” rating in a research report on Monday, August 28th. Stifel Nicolaus reiterated a “buy” rating and set a $87.00 target price on shares of Lowe’s Companies in a research report on Friday, July 21st. Oppenheimer Holdings, Inc. set a $100.00 target price on shares of Lowe’s Companies and gave the company a “buy” rating in a research report on Wednesday, August 23rd. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $90.00 price target (up previously from $85.00) on shares of Lowe’s Companies in a report on Friday, October 6th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the company. Lowe’s Companies presently has a consensus rating of “Hold” and a consensus target price of $85.21.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc (Lowe’s) is a 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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