Moreno Evelyn V raised its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.1% during the 1st quarter, HoldingsChannel reports. The firm owned 26,052 shares of the home improvement retailer’s stock after purchasing an additional 525 shares during the period. Moreno Evelyn V’s holdings in Lowe’s Companies were worth $2,852,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of LOW. Kentucky Retirement Systems bought a new position in Lowe’s Companies during the third quarter valued at $4,278,000. B. Riley Wealth Management Inc. bought a new position in Lowe’s Companies during the third quarter valued at $270,000. Standard Life Aberdeen plc increased its position in Lowe’s Companies by 2.6% during the third quarter. Standard Life Aberdeen plc now owns 733,604 shares of the home improvement retailer’s stock valued at $84,243,000 after acquiring an additional 18,483 shares during the last quarter. WealthPLAN Partners LLC increased its position in Lowe’s Companies by 2.4% during the third quarter. WealthPLAN Partners LLC now owns 73,938 shares of the home improvement retailer’s stock valued at $6,372,000 after acquiring an additional 1,763 shares during the last quarter. Finally, Dodge & Cox bought a new position in Lowe’s Companies during the third quarter valued at $218,000. 76.33% of the stock is currently owned by institutional investors and hedge funds.

LOW opened at $113.74 on Monday. Lowe’s Companies, Inc. has a 52-week low of $81.16 and a 52-week high of $118.23. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.11 and a current ratio of 0.98. The stock has a market cap of $90.53 billion, a PE ratio of 22.13, a P/E/G ratio of 1.32 and a beta of 1.27.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, February 27th. The home improvement retailer reported $0.80 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.80. Lowe’s Companies had a net margin of 3.24% and a return on equity of 80.91%. The firm had revenue of $15.65 billion for the quarter, compared to the consensus estimate of $15.75 billion. During the same quarter in the prior year, the company posted $0.74 earnings per share. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, analysts anticipate that Lowe’s Companies, Inc. will post 6.06 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be issued a dividend of $0.48 per share. The ex-dividend date is Tuesday, April 23rd. This represents a $1.92 annualized dividend and a dividend yield of 1.69%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 37.35%.

A number of research analysts have weighed in on the stock. Morgan Stanley boosted their price objective on shares of Lowe’s Companies from $115.00 to $123.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Loop Capital upped their price target on shares of Lowe’s Companies from $99.00 to $102.00 and gave the stock a “hold” rating in a report on Wednesday, February 27th. Robert W. Baird upped their price target on shares of Lowe’s Companies from $120.00 to $126.00 and gave the stock an “outperform” rating in a report on Wednesday, February 27th. ValuEngine cut shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Wednesday, January 16th. Finally, Wedbush upped their price target on shares of Lowe’s Companies from $95.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, February 28th. Eight analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $114.52.

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Lowe’s Companies Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.

Further Reading: Why do companies pay special dividends?

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Institutional Ownership by Quarter for Lowe`s Companies (NYSE:LOW)

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