Lowe’s Companies, Inc. (NYSE:LOW) Shares Acquired by Patron Partners LLC

Patron Partners LLC increased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,754 shares of the home improvement retailer’s stock after buying an additional 99 shares during the quarter. Patron Partners LLC’s holdings in Lowe’s Companies were worth $607,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of LOW. 9258 Wealth Management LLC raised its stake in shares of Lowe’s Companies by 24.8% in the 4th quarter. 9258 Wealth Management LLC now owns 2,387 shares of the home improvement retailer’s stock valued at $531,000 after acquiring an additional 474 shares during the period. Gryphon Financial Partners LLC raised its position in Lowe’s Companies by 10.6% in the fourth quarter. Gryphon Financial Partners LLC now owns 1,441 shares of the home improvement retailer’s stock valued at $315,000 after purchasing an additional 138 shares during the period. Principal Securities Inc. acquired a new position in shares of Lowe’s Companies during the fourth quarter worth about $1,619,000. Berger Financial Group Inc lifted its stake in shares of Lowe’s Companies by 6.3% during the fourth quarter. Berger Financial Group Inc now owns 1,080 shares of the home improvement retailer’s stock worth $240,000 after purchasing an additional 64 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its position in shares of Lowe’s Companies by 0.9% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 62,979 shares of the home improvement retailer’s stock worth $14,016,000 after buying an additional 555 shares during the period. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on LOW shares. Bank of America decreased their price objective on shares of Lowe’s Companies from $280.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, August 21st. Truist Financial lifted their price target on Lowe’s Companies from $265.00 to $269.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. UBS Group increased their target price on Lowe’s Companies from $270.00 to $290.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Finally, Piper Sandler reduced their price objective on Lowe’s Companies from $264.00 to $262.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 21st. Twelve analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $252.83.

Lowe’s Companies Stock Performance

Shares of NYSE:LOW traded down $0.30 during midday trading on Friday, hitting $243.81. The company’s stock had a trading volume of 1,889,727 shares, compared to its average volume of 2,513,320. The stock’s 50 day simple moving average is $236.53 and its 200 day simple moving average is $234.09. The stock has a market capitalization of $138.93 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 2.04 and a beta of 1.07. Lowe’s Companies, Inc. has a fifty-two week low of $181.85 and a fifty-two week high of $262.49.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.96 by $0.14. Lowe’s Companies had a net margin of 8.25% and a negative return on equity of 47.07%. The company had revenue of $23.59 billion for the quarter, compared to the consensus estimate of $23.93 billion. During the same quarter in the previous year, the firm posted $4.56 EPS. The business’s revenue was down 5.5% compared to the same quarter last year. As a group, analysts anticipate that Lowe’s Companies, Inc. will post 11.94 EPS for the current year.

Lowe’s Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders 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. The ex-dividend date is Wednesday, October 23rd. This represents a $4.60 annualized dividend and a dividend yield of 1.89%. Lowe’s Companies’s dividend payout ratio is presently 36.95%.

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.