IFM Investors Pty Ltd raised its holdings in Lowe’s Companies, Inc. (NYSE:LOW – Get Rating) by 15.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 106,624 shares of the home improvement retailer’s stock after acquiring an additional 14,118 shares during the quarter. IFM Investors Pty Ltd’s holdings in Lowe’s Companies were worth $21,558,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently made changes to their positions in the business. Pure Financial Advisors LLC acquired a new stake in shares of Lowe’s Companies during the first quarter valued at approximately $328,000. Contravisory Investment Management Inc. increased its stake in shares of Lowe’s Companies by 8.2% during the 1st quarter. Contravisory Investment Management Inc. now owns 1,850 shares of the home improvement retailer’s stock worth $374,000 after purchasing an additional 140 shares during the last quarter. Blueprint Investment Partners LLC increased its stake in shares of Lowe’s Companies by 38.5% during the 4th quarter. Blueprint Investment Partners LLC now owns 3,919 shares of the home improvement retailer’s stock worth $1,013,000 after purchasing an additional 1,090 shares during the last quarter. Sand Hill Global Advisors LLC increased its stake in shares of Lowe’s Companies by 22.0% during the 4th quarter. Sand Hill Global Advisors LLC now owns 1,358 shares of the home improvement retailer’s stock worth $351,000 after purchasing an additional 245 shares during the last quarter. Finally, Pinnacle Associates Ltd. increased its stake in shares of Lowe’s Companies by 0.6% during the 4th quarter. Pinnacle Associates Ltd. now owns 40,078 shares of the home improvement retailer’s stock worth $10,359,000 after purchasing an additional 249 shares during the last quarter. Institutional investors own 75.46% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on LOW. UBS Group decreased their price objective on shares of Lowe’s Companies from $250.00 to $240.00 and set a “buy” rating for the company in a report on Thursday, May 19th. StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Thursday. Gordon Haskett cut shares of Lowe’s Companies from a “buy” rating to an “accumulate” rating in a research note on Friday, May 6th. Evercore ISI dropped their price objective on shares of Lowe’s Companies to $245.00 in a research note on Thursday, June 9th. Finally, MKM Partners started coverage on shares of Lowe’s Companies in a research note on Thursday, June 23rd. They issued a “neutral” rating and a $190.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus price target of $239.63.
Lowe’s Companies Trading Up 0.4 %
Shares of NYSE LOW opened at $191.53 on Monday. The firm has a market capitalization of $122.41 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 1.23 and a beta of 1.26. Lowe’s Companies, Inc. has a 1 year low of $170.12 and a 1 year high of $263.31. The firm’s 50-day moving average is $185.33 and its 200-day moving average is $205.01.
Lowe’s Companies (NYSE:LOW – Get Rating) last issued its earnings results on Wednesday, May 18th. The home improvement retailer reported $3.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.24 by $0.27. The company had revenue of $23.66 billion for the quarter, compared to analyst estimates of $23.72 billion. Lowe’s Companies had a net margin of 8.85% and a negative return on equity of 251.50%. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter last year, the firm earned $3.21 EPS. As a group, equities research analysts anticipate that Lowe’s Companies, Inc. will post 13.44 earnings per share for the current fiscal year.
Lowe’s Companies Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 3rd. Investors of record on Wednesday, July 20th will be paid a dividend of $1.05 per share. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.80. The ex-dividend date is Tuesday, July 19th. This represents a $4.20 annualized dividend and a yield of 2.19%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 34.23%.
Lowe’s Companies Company Profile
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Lowe’s Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States and internationally. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It 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, lighting, and electrical.
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