Lowe’s Companies, Inc. (NYSE:LOW) Stock Holdings Increased by Lynch & Associates IN

Lynch & Associates IN boosted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 7.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,954 shares of the home improvement retailer’s stock after purchasing an additional 1,632 shares during the period. Lowe’s Companies comprises approximately 1.2% of Lynch & Associates IN’s holdings, making the stock its 27th largest position. Lynch & Associates IN’s holdings in Lowe’s Companies were worth $5,501,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Tidemark LLC acquired a new position in shares of Lowe’s Companies in the fourth quarter worth $27,000. Voisard Asset Management Group Inc. acquired a new position in Lowe’s Companies in the 4th quarter worth about $28,000. Keener Financial Planning LLC acquired a new stake in shares of Lowe’s Companies during the 1st quarter valued at about $35,000. Transcendent Capital Group LLC acquired a new stake in shares of Lowe’s Companies during the 4th quarter valued at about $31,000. Finally, Stephens Consulting LLC grew its stake in shares of Lowe’s Companies by 93.3% in the 2nd quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer’s stock valued at $32,000 after buying an additional 70 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on LOW shares. Royal Bank of Canada reduced their target price on shares of Lowe’s Companies from $245.00 to $238.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 21st. DA Davidson decreased their price objective on shares of Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating for the company in a report on Wednesday, May 22nd. Gordon Haskett reduced their price target on Lowe’s Companies from $245.00 to $240.00 and set a “hold” rating for the company in a research report on Wednesday, August 21st. Evercore ISI upped their price target on Lowe’s Companies from $225.00 to $250.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 21st. Finally, Wells Fargo & Company cut their price objective on Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 21st. Twelve investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $252.83.

Lowe’s Companies Stock Down 0.1 %

Shares of LOW stock opened at $243.81 on Friday. The company has a market capitalization of $138.93 billion, a P/E ratio of 19.58, a P/E/G ratio of 2.04 and a beta of 1.10. Lowe’s Companies, Inc. has a 12-month low of $181.85 and a 12-month high of $262.49. The firm has a 50-day moving average price of $236.53 and a 200 day moving average price of $234.15.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.96 by $0.14. The company had revenue of $23.59 billion during the quarter, compared to analysts’ expectations of $23.93 billion. Lowe’s Companies had a net margin of 8.25% and a negative return on equity of 47.07%. Lowe’s Companies’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.56 earnings per share. As a group, research analysts expect that Lowe’s Companies, Inc. will post 11.94 earnings per share for the current year.

Lowe’s Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd will be paid a $1.15 dividend. The ex-dividend date is Wednesday, October 23rd. This represents a $4.60 dividend on an annualized basis and a yield of 1.89%. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.15. Lowe’s Companies’s payout ratio is currently 36.95%.

Lowe’s Companies 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.