Invesco LLC Purchases 129 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Invesco LLC boosted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 13.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,120 shares of the home improvement retailer’s stock after acquiring an additional 129 shares during the period. Invesco LLC’s holdings in Lowe’s Companies were worth $247,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. LGT Fund Management Co Ltd. purchased a new stake in Lowe’s Companies in the second quarter valued at approximately $292,000. Edgemoor Investment Advisors Inc. lifted its stake in Lowe’s Companies by 0.5% during the 2nd quarter. Edgemoor Investment Advisors Inc. now owns 207,345 shares of the home improvement retailer’s stock valued at $45,711,000 after acquiring an additional 1,103 shares during the period. United Services Automobile Association boosted its holdings in shares of Lowe’s Companies by 4.5% in the 2nd quarter. United Services Automobile Association now owns 123,364 shares of the home improvement retailer’s stock valued at $27,197,000 after acquiring an additional 5,273 shares during the last quarter. Liberty Wealth Management LLC boosted its holdings in shares of Lowe’s Companies by 1,937.1% in the 2nd quarter. Liberty Wealth Management LLC now owns 19,312 shares of the home improvement retailer’s stock valued at $4,258,000 after acquiring an additional 18,364 shares during the last quarter. Finally, Choreo LLC increased its stake in shares of Lowe’s Companies by 115.5% in the second quarter. Choreo LLC now owns 30,802 shares of the home improvement retailer’s stock worth $6,596,000 after acquiring an additional 16,512 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LOW has been the subject of a number of research reports. UBS Group boosted their target price on shares of Lowe’s Companies from $270.00 to $290.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. Evercore ISI boosted their price objective on Lowe’s Companies from $225.00 to $250.00 and gave the company an “in-line” rating in a report on Wednesday, August 21st. Morgan Stanley raised their target price on Lowe’s Companies from $250.00 to $255.00 and gave the stock an “overweight” rating in a report on Wednesday, August 21st. Gordon Haskett decreased their price target on Lowe’s Companies from $245.00 to $240.00 and set a “hold” rating for the company in a report on Wednesday, August 21st. Finally, Wedbush restated a “neutral” rating and issued a $250.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, August 21st. Twelve research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Lowe’s Companies currently has a consensus rating of “Hold” and a consensus target price of $252.83.

Lowe’s Companies Stock Performance

NYSE LOW opened at $244.60 on Tuesday. The business has a fifty day moving average price of $237.15 and a 200 day moving average price of $234.30. The company has a market cap of $138.76 billion, a P/E ratio of 19.65, a P/E/G ratio of 2.00 and a beta of 1.10. 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 earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 EPS for the quarter, beating analysts’ consensus estimates of $3.96 by $0.14. The business had revenue of $23.59 billion during the quarter, compared to analysts’ expectations of $23.93 billion. Lowe’s Companies had a net margin of 8.25% and a negative return on equity of 47.07%. The company’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period in the prior year, the business earned $4.56 earnings per share. As a group, sell-side analysts predict that Lowe’s Companies, Inc. will post 11.93 EPS for the current fiscal year.

Lowe’s Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd will be issued a $1.15 dividend. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.15. This represents a $4.60 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend is Wednesday, October 23rd. Lowe’s Companies’s payout ratio is 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.