Richard C. Young & CO. LTD. Boosts Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Richard C. Young & CO. LTD. boosted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 16.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 115,273 shares of the home improvement retailer’s stock after purchasing an additional 16,344 shares during the quarter. Lowe’s Companies makes up approximately 2.2% of Richard C. Young & CO. LTD.’s portfolio, making the stock its 13th biggest holding. Richard C. Young & CO. LTD.’s holdings in Lowe’s Companies were worth $11,632,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Bailard Inc. increased its holdings in shares of Lowe’s Companies by 3.6% in the 1st quarter. Bailard Inc. now owns 2,764 shares of the home improvement retailer’s stock valued at $303,000 after acquiring an additional 95 shares during the last quarter. Naples Global Advisors LLC grew its stake in Lowe’s Companies by 3.4% during the 1st quarter. Naples Global Advisors LLC now owns 3,054 shares of the home improvement retailer’s stock worth $334,000 after buying an additional 99 shares during the last quarter. Lcnb Corp grew its stake in Lowe’s Companies by 0.9% during the 2nd quarter. Lcnb Corp now owns 10,534 shares of the home improvement retailer’s stock worth $1,063,000 after buying an additional 99 shares during the last quarter. Vision Capital Management Inc. grew its stake in Lowe’s Companies by 1.1% during the 1st quarter. Vision Capital Management Inc. now owns 9,314 shares of the home improvement retailer’s stock worth $1,020,000 after buying an additional 100 shares during the last quarter. Finally, Peoples Financial Services CORP. grew its stake in Lowe’s Companies by 5.2% during the 2nd quarter. Peoples Financial Services CORP. now owns 2,025 shares of the home improvement retailer’s stock worth $204,000 after buying an additional 100 shares during the last quarter. Institutional investors own 75.85% of the company’s stock.

LOW stock traded down $1.11 during trading on Friday, reaching $107.05. 2,035,031 shares of the company’s stock were exchanged, compared to its average volume of 4,928,613. The company has a quick ratio of 0.24, a current ratio of 1.09 and a debt-to-equity ratio of 6.37. Lowe’s Companies, Inc. has a 1-year low of $84.75 and a 1-year high of $118.23. The company’s fifty day moving average price is $101.62 and its 200-day moving average price is $103.69. The firm has a market cap of $76.62 billion, a PE ratio of 20.83, a P/E/G ratio of 1.28 and a beta of 1.36.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, August 21st. The home improvement retailer reported $2.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.00 by $0.15. Lowe’s Companies had a return on equity of 91.85% and a net margin of 3.31%. The company had revenue of $20.99 billion during the quarter, compared to analyst estimates of $20.96 billion. During the same quarter in the previous year, the firm posted $2.07 EPS. The firm’s quarterly revenue was up .5% on a year-over-year basis. As a group, sell-side analysts expect that Lowe’s Companies, Inc. will post 5.57 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $2.20 dividend on an annualized basis and a yield of 2.06%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 42.80%.

In other Lowe’s Companies news, EVP Donald Frieson purchased 2,030 shares of Lowe’s Companies stock in a transaction on Wednesday, June 19th. The stock was bought at an average price of $98.69 per share, for a total transaction of $200,340.70. Following the transaction, the executive vice president now owns 10,980 shares of the company’s stock, valued at approximately $1,083,616.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.07% of the company’s stock.

A number of research analysts recently commented on the company. Barclays upped their price objective on Lowe’s Companies from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Monday, June 24th. Goldman Sachs Group assumed coverage on Lowe’s Companies in a research note on Thursday, July 11th. They set a “buy” rating and a $119.00 price objective for the company. KeyCorp restated an “overweight” rating and set a $125.00 price objective (up from $120.00) on shares of Lowe’s Companies in a research note on Thursday. Credit Suisse Group restated a “neutral” rating and set a $114.00 price objective (up from $99.00) on shares of Lowe’s Companies in a research note on Thursday. Finally, Zacks Investment Research upgraded Lowe’s Companies from a “sell” rating to a “hold” rating in a research note on Thursday, May 16th. Ten investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Lowe’s Companies presently has an average rating of “Buy” and an average price target of $116.08.

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

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

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