MainStreet Investment Advisors LLC Increases Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

MainStreet Investment Advisors LLC raised its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 8.6% during the first quarter, Holdings Channel.com reports. The firm owned 12,994 shares of the home improvement retailer’s stock after purchasing an additional 1,028 shares during the quarter. MainStreet Investment Advisors LLC’s holdings in Lowe’s Companies were worth $1,119,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Independent Advisor Alliance boosted its position in Lowe’s Companies by 0.3% in the 4th quarter. Independent Advisor Alliance now owns 31,550 shares of the home improvement retailer’s stock valued at $3,779,000 after buying an additional 84 shares during the last quarter. Benjamin Edwards Inc. boosted its position in Lowe’s Companies by 43.0% in the 1st quarter. Benjamin Edwards Inc. now owns 296 shares of the home improvement retailer’s stock valued at $25,000 after buying an additional 89 shares during the last quarter. Corient Capital Partners LLC boosted its position in Lowe’s Companies by 0.6% in the 4th quarter. Corient Capital Partners LLC now owns 15,758 shares of the home improvement retailer’s stock valued at $1,888,000 after buying an additional 91 shares during the last quarter. MACRO Consulting Group boosted its position in Lowe’s Companies by 3.8% in the 4th quarter. MACRO Consulting Group now owns 2,555 shares of the home improvement retailer’s stock valued at $305,000 after buying an additional 94 shares during the last quarter. Finally, Bingham Osborn & Scarborough LLC boosted its position in Lowe’s Companies by 3.4% in the 1st quarter. Bingham Osborn & Scarborough LLC now owns 2,892 shares of the home improvement retailer’s stock valued at $249,000 after buying an additional 95 shares during the last quarter. 76.15% of the stock is currently owned by institutional investors.

In other news, CEO Marvin R. Ellison bought 10,000 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was purchased at an average price of $103.86 per share, for a total transaction of $1,038,600.00. Following the transaction, the chief executive officer now owns 90,090 shares in the company, valued at $9,356,747.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.07% of the stock is currently owned by corporate insiders.

NYSE LOW traded up $1.61 on Friday, hitting $122.25. The stock had a trading volume of 6,063,492 shares, compared to its average volume of 6,207,421. Lowe’s Companies, Inc. has a one year low of $60.00 and a one year high of $126.73. The company has a quick ratio of 0.14, a current ratio of 1.20 and a debt-to-equity ratio of 14.05. The stock has a market cap of $91.08 billion, a price-to-earnings ratio of 20.65, a P/E/G ratio of 1.33 and a beta of 1.38. The company’s 50-day moving average is $101.42 and its two-hundred day moving average is $110.02.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, May 20th. The home improvement retailer reported $1.77 EPS for the quarter, topping the consensus estimate of $1.32 by $0.45. Lowe’s Companies had a net margin of 6.17% and a return on equity of 220.44%. The firm had revenue of $19.68 billion during the quarter, compared to analysts’ expectations of $18.33 billion. During the same quarter in the prior year, the firm earned $1.22 EPS. Lowe’s Companies’s quarterly revenue was up 10.9% on a year-over-year basis. On average, sell-side analysts anticipate that Lowe’s Companies, Inc. will post 5.97 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Wednesday, April 22nd were given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend was Tuesday, April 21st. Lowe’s Companies’s dividend payout ratio (DPR) is 38.46%.

A number of equities research analysts have recently issued reports on LOW shares. Loop Capital upped their target price on shares of Lowe’s Companies from $105.00 to $140.00 in a research note on Thursday. Barclays upped their target price on shares of Lowe’s Companies from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday. Guggenheim restated a “buy” rating and issued a $135.00 target price on shares of Lowe’s Companies in a research note on Wednesday. Morgan Stanley upped their target price on shares of Lowe’s Companies from $95.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Robert W. Baird upped their target price on shares of Lowe’s Companies from $115.00 to $135.00 and gave the company an “outperform” rating in a research note on Monday, May 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $132.54.

Lowe’s Companies Profile

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

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

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