Bank of New York Mellon Corp Has $1.21 Billion Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Bank of New York Mellon Corp lowered its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 12.5% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,260,157 shares of the home improvement retailer’s stock after selling 897,060 shares during the quarter. Bank of New York Mellon Corp owned about 0.89% of Lowe’s Companies worth $1,214,283,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of LOW. Segment Wealth Management LLC lifted its stake in Lowe’s Companies by 2.6% in the first quarter. Segment Wealth Management LLC now owns 1,964 shares of the home improvement retailer’s stock valued at $374,000 after buying an additional 50 shares during the period. Northstar Group Inc. lifted its stake in Lowe’s Companies by 2.3% in the first quarter. Northstar Group Inc. now owns 2,291 shares of the home improvement retailer’s stock valued at $436,000 after buying an additional 52 shares during the period. Bluesphere Advisors LLC lifted its stake in Lowe’s Companies by 2.1% in the first quarter. Bluesphere Advisors LLC now owns 2,597 shares of the home improvement retailer’s stock valued at $494,000 after buying an additional 53 shares during the period. D. Scott Neal Inc. lifted its stake in Lowe’s Companies by 3.7% in the second quarter. D. Scott Neal Inc. now owns 1,491 shares of the home improvement retailer’s stock valued at $289,000 after buying an additional 53 shares during the period. Finally, Cordasco Financial Network lifted its stake in Lowe’s Companies by 18.6% in the second quarter. Cordasco Financial Network now owns 344 shares of the home improvement retailer’s stock valued at $67,000 after buying an additional 54 shares during the period. 72.80% of the stock is owned by institutional investors.

Several equities analysts have issued reports on the company. Wedbush lowered Lowe’s Companies from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $225.00 to $210.00 in a research report on Monday, July 26th. DA Davidson reaffirmed a “buy” rating on shares of Lowe’s Companies in a research report on Thursday, August 19th. TheStreet lowered Lowe’s Companies from a “b” rating to a “c+” rating in a research report on Wednesday, August 18th. Credit Suisse Group upped their target price on Lowe’s Companies from $208.00 to $220.00 and gave the stock an “outperform” rating in a research report on Thursday, August 19th. Finally, Zacks Investment Research lowered Lowe’s Companies from a “hold” rating to a “sell” rating and set a $205.00 target price on the stock. in a research report on Wednesday, July 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $216.26.

NYSE:LOW traded up $1.90 during trading on Tuesday, reaching $207.17. The company’s stock had a trading volume of 109,960 shares, compared to its average volume of 3,905,656. The firm has a market cap of $143.45 billion, a price-to-earnings ratio of 21.18, a price-to-earnings-growth ratio of 1.26 and a beta of 1.34. The company has a debt-to-equity ratio of 49.23, a quick ratio of 0.36 and a current ratio of 1.16. The firm has a 50 day moving average of $198.76 and a 200-day moving average of $194.23. Lowe’s Companies, Inc. has a 12 month low of $146.72 and a 12 month high of $215.22.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Tuesday, August 17th. The home improvement retailer reported $4.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.01 by $0.24. The firm had revenue of $27.57 billion during the quarter, compared to the consensus estimate of $26.76 billion. Lowe’s Companies had a return on equity of 541.39% and a net margin of 7.41%. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.75 EPS. Equities research analysts forecast that Lowe’s Companies, Inc. will post 11.26 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 3rd. Shareholders of record on Wednesday, October 20th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Tuesday, October 19th. This represents a $3.20 dividend on an annualized basis and a yield of 1.54%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 36.12%.

Lowe’s Companies Profile

Lowe’s Cos., Inc engages in the retail sale of home improvement products. The firm offers products for maintenance, repair, remodelling, home decorating and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows and doors.

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

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