Lowe’s Companies, Inc. $LOW Shares Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. boosted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 232,688 shares of the home improvement retailer’s stock after acquiring an additional 10,623 shares during the period. Vontobel Holding Ltd.’s holdings in Lowe’s Companies were worth $58,477,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Strong Tower Advisory Services grew its position in shares of Lowe’s Companies by 7.5% during the 3rd quarter. Strong Tower Advisory Services now owns 15,064 shares of the home improvement retailer’s stock valued at $3,786,000 after acquiring an additional 1,052 shares during the period. IFM Investors Pty Ltd grew its holdings in Lowe’s Companies by 0.9% in the third quarter. IFM Investors Pty Ltd now owns 116,109 shares of the home improvement retailer’s stock valued at $29,854,000 after purchasing an additional 1,077 shares during the period. Revolve Wealth Partners LLC increased its position in shares of Lowe’s Companies by 5.6% in the third quarter. Revolve Wealth Partners LLC now owns 1,164 shares of the home improvement retailer’s stock valued at $293,000 after buying an additional 62 shares in the last quarter. True North Advisors LLC raised its stake in shares of Lowe’s Companies by 39.0% during the 3rd quarter. True North Advisors LLC now owns 2,818 shares of the home improvement retailer’s stock worth $708,000 after buying an additional 790 shares during the period. Finally, Trust Co. of Vermont lifted its position in shares of Lowe’s Companies by 2.7% during the 3rd quarter. Trust Co. of Vermont now owns 103,246 shares of the home improvement retailer’s stock valued at $25,947,000 after buying an additional 2,735 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

LOW has been the subject of several research reports. Mizuho cut their price objective on Lowe’s Companies from $285.00 to $272.00 and set an “outperform” rating for the company in a research note on Thursday, November 20th. TD Cowen dropped their price target on Lowe’s Companies from $275.00 to $250.00 and set a “hold” rating for the company in a research report on Friday, November 21st. Jefferies Financial Group raised their price objective on Lowe’s Companies from $280.00 to $285.00 and gave the company a “buy” rating in a report on Friday, December 19th. JPMorgan Chase & Co. lifted their target price on shares of Lowe’s Companies from $275.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. Finally, Bank of America reduced their target price on shares of Lowe’s Companies from $290.00 to $280.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. Seventeen equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus target price of $276.80.

Lowe’s Companies Stock Down 0.0%

Shares of LOW opened at $241.97 on Wednesday. Lowe’s Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $274.98. The company has a market capitalization of $135.73 billion, a PE ratio of 20.06, a price-to-earnings-growth ratio of 4.01 and a beta of 0.96. The stock has a fifty day simple moving average of $239.87 and a two-hundred day simple moving average of $240.20.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, November 26th. The home improvement retailer reported $3.06 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.09. Lowe’s Companies had a net margin of 8.05% and a negative return on equity of 55.86%. The firm had revenue of $20.81 billion for the quarter, compared to analysts’ expectations of $20.88 billion. During the same quarter in the previous year, the company posted $2.89 EPS. The company’s revenue was up 3.2% compared to the same quarter last year. As a group, equities analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 21st will be issued a dividend of $1.20 per share. The ex-dividend date is Wednesday, January 21st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.0%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 39.80%.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.