Leelyn Smith LLC Increases Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Leelyn Smith LLC boosted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 1.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,206 shares of the home improvement retailer’s stock after purchasing an additional 231 shares during the quarter. Leelyn Smith LLC’s holdings in Lowe’s Companies were worth $4,014,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Tidemark LLC acquired a new stake in shares of Lowe’s Companies during the 4th quarter worth $27,000. Voisard Asset Management Group Inc. purchased a new stake in Lowe’s Companies during the fourth quarter valued at about $28,000. Keener Financial Planning LLC acquired a new stake in Lowe’s Companies during the first quarter worth about $35,000. Transcendent Capital Group LLC purchased a new position in shares of Lowe’s Companies in the 4th quarter worth about $31,000. Finally, Stephens Consulting LLC lifted its stake in shares of Lowe’s Companies by 93.3% in the 2nd quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 70 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on LOW shares. Bank of America dropped their target price on shares of 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. JPMorgan Chase & Co. cut their target price on shares of Lowe’s Companies from $272.00 to $270.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 21st. Piper Sandler decreased their price target on shares of Lowe’s Companies from $264.00 to $262.00 and set an “overweight” rating for the company in a research report on Wednesday, August 21st. Wells Fargo & Company cut their price objective on Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 21st. Finally, Evercore ISI upped their target price on 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. Twelve investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $252.83.

Lowe’s Companies Stock Up 1.3 %

Shares of LOW stock opened at $255.41 on Friday. The company has a market cap of $144.89 billion, a P/E ratio of 20.51, a PEG ratio of 2.03 and a beta of 1.10. The business has a 50 day moving average of $240.11 and a two-hundred day moving average of $234.78. Lowe’s Companies, Inc. has a 52 week low of $181.85 and a 52 week high of $262.49.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $23.93 billion. During the same quarter in the previous year, the firm posted $4.56 EPS. The business’s revenue for the quarter was down 5.5% compared to the same quarter last year. Analysts expect that Lowe’s Companies, Inc. will post 11.93 EPS for the current fiscal year.

Lowe’s Companies Increases Dividend

The company 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 represents a $4.60 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Wednesday, October 23rd. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.15. Lowe’s Companies’s dividend payout ratio (DPR) 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.