Private Trust Co. NA Has $3.52 Million Holdings in Lowe’s Companies, Inc. (LOW)

Private Trust Co. NA boosted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 41.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,464 shares of the home improvement retailer’s stock after purchasing an additional 13,236 shares during the quarter. Lowe’s Companies makes up approximately 0.8% of Private Trust Co. NA’s holdings, making the stock its 29th largest holding. Private Trust Co. NA’s holdings in Lowe’s Companies were worth $3,524,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. SRS Capital Advisors Inc. increased its holdings in 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 purchasing an additional 5 shares during the last quarter. Harbour Capital Advisors LLC purchased a new stake in Lowe’s Companies during the 1st quarter worth approximately $103,000. Hanson McClain Inc. increased its holdings in 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 worth $110,000 after purchasing an additional 45 shares during the last quarter. First Bank & Trust increased its holdings in Lowe’s Companies by 11.5% during the 1st quarter. First Bank & Trust now owns 1,421 shares of the home improvement retailer’s stock worth $117,000 after purchasing an additional 147 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Lowe’s Companies during the 1st quarter worth approximately $119,000. Institutional investors own 74.32% of the company’s stock.

Shares of Lowe’s Companies, Inc. (NYSE:LOW) traded down 0.60% on Friday, hitting $77.99. The stock had a trading volume of 14,518,162 shares. The company has a market capitalization of $64.95 billion, a P/E ratio of 22.14 and a beta of 1.07. The firm has a 50 day moving average price of $76.21 and a 200 day moving average price of $79.61. Lowe’s Companies, Inc. has a one year low of $64.87 and a one year high of $86.25.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, August 23rd. The home improvement retailer reported $1.57 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($0.05). The business 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 quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.37 EPS. On average, equities research analysts predict that Lowe’s Companies, Inc. will post $4.50 earnings per share for the current fiscal year.

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

LOW has been the subject of several research reports. Oppenheimer Holdings, Inc. set a $100.00 target price on Lowe’s Companies and gave the stock a “buy” rating in a research report on Wednesday, May 24th. Stifel Nicolaus decreased their target price on Lowe’s Companies from $89.00 to $87.00 and set a “buy” rating for the company in a research report on Thursday, May 25th. Goldman Sachs Group, Inc. (The) decreased their target price on Lowe’s Companies from $97.00 to $96.00 and set a “buy” rating for the company in a research report on Thursday, May 25th. Wolfe Research reiterated an “outperform” rating and issued a $94.00 target price (down previously from $95.00) on shares of Lowe’s Companies in a research report on Sunday, May 28th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $89.00 target price (down previously from $94.00) on shares of Lowe’s Companies in a research 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 issued a buy rating to the company. Lowe’s Companies presently has a consensus rating of “Hold” and an average target price of $85.00.

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Lowe’s Companies Company 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.

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

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