UMB Bank n.a. Buys 56 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

UMB Bank n.a. grew its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 0.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 16,119 shares of the home improvement retailer’s stock after purchasing an additional 56 shares during the period. UMB Bank n.a.’s holdings in Lowe’s Companies were worth $3,554,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of LOW. Tidemark LLC bought a new position in shares of Lowe’s Companies in the 4th quarter valued at $27,000. Voisard Asset Management Group Inc. bought a new position in shares of Lowe’s Companies in the 4th quarter valued at $28,000. Transcendent Capital Group LLC bought a new position in shares of Lowe’s Companies in the 4th quarter valued at $31,000. Pacific Capital Wealth Advisors Inc. bought a new position in shares of Lowe’s Companies in the 4th quarter valued at $33,000. Finally, Keener Financial Planning LLC bought a new position in shares of Lowe’s Companies in the 1st quarter valued at $35,000. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 0.7 %

NYSE:LOW traded up $1.73 during trading hours on Friday, reaching $248.50. The company had a trading volume of 2,517,048 shares, compared to its average volume of 2,522,403. The business’s 50-day simple moving average is $233.68 and its two-hundred day simple moving average is $233.32. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49. The firm has a market cap of $141.60 billion, a price-to-earnings ratio of 19.96, a P/E/G ratio of 1.85 and a beta of 1.07.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 EPS for the quarter, beating analysts’ consensus estimates of $3.96 by $0.14. The business had revenue of $23.59 billion during the quarter, compared to analyst estimates of $23.93 billion. Lowe’s Companies had a negative return on equity of 48.52% and a net margin of 8.46%. The firm’s revenue was down 5.5% compared to the same quarter last year. During the same period in the previous year, the company posted $4.56 EPS. As a group, equities analysts predict that Lowe’s Companies, Inc. will post 12.23 earnings per share for the current year.

Lowe’s Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd will be issued a $1.15 dividend. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.15. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.85%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 36.95%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on LOW shares. Telsey Advisory Group reissued a “market perform” rating and set a $230.00 price objective on shares of Lowe’s Companies in a report on Tuesday, August 20th. Gordon Haskett reduced their price target on Lowe’s Companies from $245.00 to $240.00 and set a “hold” rating on the stock in a report on Wednesday, August 21st. Evercore ISI lifted their target price on shares of Lowe’s Companies from $225.00 to $250.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 21st. Wells Fargo & Company decreased their price target on shares of Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating for the company in a research report on Wednesday, August 21st. Finally, Morgan Stanley lifted their price target on shares of Lowe’s Companies from $250.00 to $255.00 and gave the stock an “overweight” rating in a report on Wednesday, August 21st. Twelve equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $254.04.

Lowe’s Companies Company Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.