Valmark Advisers Inc. Buys 717 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Valmark Advisers Inc. raised its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 6.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,065 shares of the home improvement retailer’s stock after purchasing an additional 717 shares during the quarter. Valmark Advisers Inc.’s holdings in Lowe’s Companies were worth $2,463,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Wetzel Investment Advisors Inc. bought a new stake in shares of Lowe’s Companies in the 4th quarter worth approximately $25,000. Orion Capital Management LLC bought a new stake in shares of Lowe’s Companies in the 3rd quarter worth approximately $26,000. VisionPoint Advisory Group LLC lifted its holdings in shares of Lowe’s Companies by 85.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 70 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of Lowe’s Companies in the 3rd quarter worth approximately $40,000. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in shares of Lowe’s Companies in the 4th quarter worth approximately $47,000. 74.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

LOW has been the subject of a number of recent research reports. DA Davidson restated a “neutral” rating and issued a $270.00 price objective on shares of Lowe’s Companies in a report on Wednesday, March 27th. Zelman & Associates reiterated a “neutral” rating and set a $265.00 price target on shares of Lowe’s Companies in a report on Tuesday, April 2nd. Piper Sandler upped their price target on shares of Lowe’s Companies from $218.00 to $245.00 and gave the company an “overweight” rating in a report on Tuesday, January 16th. Morgan Stanley upped their price target on shares of Lowe’s Companies from $240.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. Finally, Evercore ISI lowered their price target on shares of Lowe’s Companies from $280.00 to $275.00 and set an “in-line” rating for the company in a report on Tuesday, April 16th. Fifteen equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $252.52.

Lowe’s Companies Price Performance

Lowe’s Companies stock traded down $0.09 during mid-day trading on Friday, reaching $229.87. The stock had a trading volume of 2,001,196 shares, compared to its average volume of 2,110,073. The company has a market capitalization of $131.53 billion, a price-to-earnings ratio of 17.47, a PEG ratio of 1.70 and a beta of 1.13. The company has a 50-day moving average price of $239.98 and a two-hundred day moving average price of $219.70. Lowe’s Companies, Inc. has a one year low of $181.85 and a one year high of $262.49.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.09. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The firm had revenue of $18.60 billion for the quarter, compared to analysts’ expectations of $18.47 billion. During the same quarter in the prior year, the business earned $2.28 EPS. The business’s quarterly revenue was down 17.1% on a year-over-year basis. On average, equities research analysts anticipate that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio is 33.43%.

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.