Lowe’s Companies, Inc. (NYSE:LOW) Shares Bought by Marco Investment Management LLC

Marco Investment Management LLC grew its position in Lowe’s Companies, Inc. (NYSE:LOW) by 0.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 106,490 shares of the home improvement retailer’s stock after purchasing an additional 125 shares during the quarter. Lowe’s Companies comprises approximately 2.2% of Marco Investment Management LLC’s investment portfolio, making the stock its 10th biggest holding. Marco Investment Management LLC’s holdings in Lowe’s Companies were worth $23,477,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in LOW. Tidemark LLC purchased a new position in Lowe’s Companies during the 4th quarter worth $27,000. Voisard Asset Management Group Inc. acquired a new stake in Lowe’s Companies in the fourth quarter worth about $28,000. Transcendent Capital Group LLC purchased a new stake in shares of Lowe’s Companies during the fourth quarter worth about $31,000. Stephens Consulting LLC increased its holdings in shares of Lowe’s Companies by 93.3% during the second quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer’s stock valued at $32,000 after acquiring an additional 70 shares in the last quarter. Finally, Keener Financial Planning LLC purchased a new position in shares of Lowe’s Companies in the 1st quarter valued at approximately $35,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Trading Up 1.1 %

NYSE LOW opened at $247.43 on Wednesday. The stock has a fifty day simple moving average of $237.82 and a 200-day simple moving average of $234.40. The stock has a market cap of $140.36 billion, a PE ratio of 19.87, a P/E/G ratio of 2.00 and a beta of 1.10. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share for the quarter, beating analysts’ consensus estimates of $3.96 by $0.14. Lowe’s Companies had a net margin of 8.25% and a negative return on equity of 47.07%. The business had revenue of $23.59 billion during the quarter, compared to analysts’ expectations of $23.93 billion. During the same period last year, the business earned $4.56 earnings per share. The business’s revenue for the quarter was down 5.5% on a year-over-year basis. Research analysts predict that Lowe’s Companies, Inc. will post 11.93 EPS for the current year.

Lowe’s Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd will be paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 1.86%. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.15. The ex-dividend date is Wednesday, October 23rd. Lowe’s Companies’s dividend payout ratio is 36.95%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on LOW shares. Royal Bank of Canada lowered their price objective 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 cut their price target 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. JPMorgan Chase & Co. lowered their price target on Lowe’s Companies from $272.00 to $270.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 21st. Morgan Stanley increased their price objective on Lowe’s Companies from $250.00 to $255.00 and gave the company an “overweight” rating in a research note on Wednesday, August 21st. Finally, StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Twelve analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $252.83.

About Lowe’s Companies

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.