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

Allied Investment Advisors LLC lifted its holdings in Lowe’s Companies, Inc. (NYSE:LOWFree Report) by 1.9% in the 1st quarter, Holdings Channel.com reports. The fund owned 51,207 shares of the home improvement retailer’s stock after buying an additional 973 shares during the quarter. Lowe’s Companies comprises approximately 3.1% of Allied Investment Advisors LLC’s portfolio, making the stock its 7th largest holding. Allied Investment Advisors LLC’s holdings in Lowe’s Companies were worth $13,044,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. BTC Capital Management Inc. acquired a new stake in shares of Lowe’s Companies in the first quarter worth $7,848,000. Johnson & White Wealth Management LLC acquired a new stake in Lowe’s Companies during the 1st quarter valued at $219,000. Triangle Securities Wealth Management grew its holdings in Lowe’s Companies by 0.3% during the 1st quarter. Triangle Securities Wealth Management now owns 25,440 shares of the home improvement retailer’s stock valued at $6,480,000 after purchasing an additional 72 shares in the last quarter. Marcum Wealth LLC grew its holdings in Lowe’s Companies by 12.2% during the 1st quarter. Marcum Wealth LLC now owns 2,038 shares of the home improvement retailer’s stock valued at $519,000 after purchasing an additional 222 shares in the last quarter. Finally, Atwood & Palmer Inc. grew its holdings in Lowe’s Companies by 1.5% during the 1st quarter. Atwood & Palmer Inc. now owns 66,890 shares of the home improvement retailer’s stock valued at $17,039,000 after purchasing an additional 983 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on LOW. UBS Group raised their price target on shares of Lowe’s Companies from $250.00 to $270.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. Morgan Stanley raised 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. JPMorgan Chase & Co. increased their price objective on shares of Lowe’s Companies from $265.00 to $268.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. Stifel Nicolaus increased their price objective on shares of Lowe’s Companies from $225.00 to $250.00 and gave the company a “hold” rating in a research note on Monday, May 13th. Finally, Evercore ISI reduced their price objective on shares of Lowe’s Companies from $255.00 to $250.00 and set an “in-line” rating on the stock in a research note on Wednesday, May 22nd. Fifteen research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Hold” and an average target price of $251.33.

Read Our Latest Stock Analysis on Lowe’s Companies

Lowe’s Companies Trading Up 0.5 %

NYSE:LOW traded up $1.06 during mid-day trading on Friday, hitting $228.59. The stock had a trading volume of 3,627,458 shares, compared to its average volume of 2,157,706. The stock has a market capitalization of $130.26 billion, a price-to-earnings ratio of 18.36, a P/E/G ratio of 1.74 and a beta of 1.08. The company has a 50 day simple moving average of $226.15 and a 200-day simple moving average of $227.79. Lowe’s Companies, Inc. has a 52 week low of $181.85 and a 52 week high of $262.49.

Lowe’s Companies (NYSE:LOWGet Free Report) last issued its quarterly earnings data on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share for the quarter, beating the consensus estimate of $2.94 by $0.12. The firm had revenue of $21.36 billion for the quarter, compared to the consensus estimate of $21.14 billion. Lowe’s Companies had a net margin of 8.46% and a negative return on equity of 48.52%. Lowe’s Companies’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period last year, the firm posted $3.67 EPS. As a group, equities research analysts anticipate that Lowe’s Companies, Inc. will post 12.23 earnings per share for the current year.

Lowe’s Companies Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th will be paid a dividend of $0.15 per share. The ex-dividend date is Wednesday, July 24th. This represents a $0.60 annualized dividend and a yield of 0.26%. Lowe’s Companies’s payout ratio is 35.34%.

About Lowe’s Companies

(Free Report)

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.

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

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