Steigerwald Gordon & Koch Inc. Has $234,000 Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Steigerwald Gordon & Koch Inc. increased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 11.2% during the 2nd quarter, Holdings Channel.com reports. The fund owned 1,062 shares of the home improvement retailer’s stock after acquiring an additional 107 shares during the period. Steigerwald Gordon & Koch Inc.’s holdings in Lowe’s Companies were worth $234,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in LOW. Tidemark LLC acquired a new position in Lowe’s Companies during the fourth quarter valued at approximately $27,000. Voisard Asset Management Group Inc. acquired a new position in shares of Lowe’s Companies during the 4th quarter worth approximately $28,000. Keener Financial Planning LLC acquired a new position in shares of Lowe’s Companies during the 1st quarter worth approximately $35,000. Transcendent Capital Group LLC acquired a new stake in shares of Lowe’s Companies during the 4th quarter worth approximately $31,000. Finally, Stephens Consulting LLC boosted its position in Lowe’s Companies by 93.3% in the second 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. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Price Performance

Shares of LOW traded up $0.03 on Tuesday, hitting $244.76. The company’s stock had a trading volume of 84,754 shares, compared to its average volume of 2,495,402. The company has a market capitalization of $138.85 billion, a PE ratio of 19.65, a PEG ratio of 2.00 and a beta of 1.10. Lowe’s Companies, Inc. has a fifty-two week low of $181.85 and a fifty-two week high of $262.49. The company has a 50 day moving average price of $237.15 and a 200 day moving average price of $234.30.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 EPS for the quarter, topping the consensus estimate of $3.96 by $0.14. Lowe’s Companies had a negative return on equity of 47.07% and a net margin of 8.25%. The business had revenue of $23.59 billion for the quarter, compared to the consensus estimate of $23.93 billion. During the same period in the previous year, the business earned $4.56 EPS. Lowe’s Companies’s revenue was down 5.5% compared to the same quarter last year. On average, equities analysts forecast that Lowe’s Companies, Inc. will post 11.93 EPS for the current year.

Lowe’s Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd will be issued a dividend of $1.15 per share. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.15. The ex-dividend date is Wednesday, October 23rd. This represents a $4.60 annualized dividend and a yield of 1.88%. Lowe’s Companies’s dividend payout ratio is currently 36.95%.

Analysts Set New Price Targets

LOW has been the subject of a number of analyst reports. DA Davidson lowered their target price on shares of Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating for the company in a research note on Wednesday, May 22nd. Stifel Nicolaus boosted their price target on shares of Lowe’s Companies from $225.00 to $250.00 and gave the stock a “hold” rating in a report on Monday, May 13th. Wells Fargo & Company cut their price target on shares of Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating on the stock in a report on Wednesday, August 21st. Evercore ISI lifted their price objective on shares of Lowe’s Companies from $225.00 to $250.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 21st. Finally, JPMorgan Chase & Co. lowered their price target on shares of Lowe’s Companies from $272.00 to $270.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 21st. Twelve equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $252.83.

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.