Northeast Investment Management Has $36.41 Million Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Northeast Investment Management decreased its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 0.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,141 shares of the home improvement retailer’s stock after selling 902 shares during the period. Lowe’s Companies accounts for approximately 1.7% of Northeast Investment Management’s holdings, making the stock its 20th largest position. Northeast Investment Management’s holdings in Lowe’s Companies were worth $36,407,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Crown Wealth Group LLC boosted its stake in shares of Lowe’s Companies by 4.4% in the second quarter. Crown Wealth Group LLC now owns 1,051 shares of the home improvement retailer’s stock valued at $232,000 after buying an additional 44 shares in the last quarter. Pure Financial Advisors LLC grew its holdings in Lowe’s Companies by 2.5% in the 2nd quarter. Pure Financial Advisors LLC now owns 1,813 shares of the home improvement retailer’s stock valued at $400,000 after buying an additional 45 shares during the period. BLB&B Advisors LLC increased its position in Lowe’s Companies by 2.2% during the second quarter. BLB&B Advisors LLC now owns 2,062 shares of the home improvement retailer’s stock worth $454,000 after purchasing an additional 45 shares during the last quarter. First Bank & Trust raised its holdings in shares of Lowe’s Companies by 3.1% in the 1st quarter. First Bank & Trust now owns 1,509 shares of the home improvement retailer’s stock worth $384,000 after purchasing an additional 46 shares during the period. Finally, McAdam LLC lifted its holdings in shares of Lowe’s Companies by 3.5% during the 1st quarter. McAdam LLC now owns 1,363 shares of the home improvement retailer’s stock valued at $347,000 after acquiring an additional 46 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on LOW shares. StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Morgan Stanley boosted their price objective on Lowe’s Companies from $250.00 to $255.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 21st. Bank of America decreased their price target on Lowe’s Companies from $280.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, August 21st. Gordon Haskett lowered their target price on Lowe’s Companies from $245.00 to $240.00 and set a “hold” rating on the stock in a research note on Wednesday, August 21st. Finally, Royal Bank of Canada cut their price objective on shares of Lowe’s Companies from $245.00 to $238.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 21st. Twelve research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $254.04.

Lowe’s Companies Price Performance

NYSE:LOW traded up $0.25 during mid-day trading on Wednesday, reaching $248.82. The stock had a trading volume of 1,372,032 shares, compared to its average volume of 2,527,495. Lowe’s Companies, Inc. has a 12 month low of $181.85 and a 12 month high of $262.49. The stock has a market capitalization of $141.79 billion, a PE ratio of 19.99, a P/E/G ratio of 1.85 and a beta of 1.07. The stock has a 50-day simple moving average of $232.88 and a two-hundred day simple moving average of $233.11.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share for the quarter, topping analysts’ consensus estimates of $3.96 by $0.14. Lowe’s Companies had a net margin of 8.46% and a negative return on equity of 48.52%. The firm had revenue of $23.59 billion for the quarter, compared to analysts’ expectations of $23.93 billion. During the same quarter in the previous year, the firm posted $4.56 earnings per share. The company’s revenue was down 5.5% on a year-over-year basis. Equities analysts expect that Lowe’s Companies, Inc. will post 12.23 EPS for the current year.

Lowe’s Companies Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th were paid a dividend of $0.15 per share. The ex-dividend date was Wednesday, July 24th. This represents a $0.60 dividend on an annualized basis and a yield of 0.24%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 36.95%.

Lowe’s Companies Company 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.