One Charles Private Wealth Services LLC Makes New Investment in Lowe’s Companies, Inc. (NYSE:LOW)

One Charles Private Wealth Services LLC bought a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 1,195 shares of the home improvement retailer’s stock, valued at approximately $232,000.

A number of other hedge funds and other institutional investors have also modified their holdings of LOW. RE Advisers Corp acquired a new position in shares of Lowe’s Companies in the second quarter valued at approximately $29,000. Burleson & Company LLC bought a new stake in Lowe’s Companies in the first quarter valued at approximately $33,000. USA Financial Portformulas Corp boosted its holdings in Lowe’s Companies by 1,505.6% in the second quarter. USA Financial Portformulas Corp now owns 289 shares of the home improvement retailer’s stock valued at $56,000 after acquiring an additional 271 shares during the last quarter. Twin Lakes Capital Management LLC bought a new stake in Lowe’s Companies in the first quarter valued at approximately $57,000. Finally, Total Clarity Wealth Management Inc. bought a new stake in Lowe’s Companies in the first quarter valued at approximately $61,000. 72.80% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently commented on LOW. Truist Securities upped their target price on Lowe’s Companies from $185.00 to $217.00 and gave the company a “buy” rating in a report on Thursday, May 20th. Oppenheimer upgraded Lowe’s Companies from a “market perform” rating to an “outperform” rating and set a $235.00 target price on the stock in a report on Wednesday, May 19th. Robert W. Baird upped their target price on Lowe’s Companies from $230.00 to $235.00 and gave the company an “outperform” rating in a report on Thursday, May 20th. Morgan Stanley upped their target price on Lowe’s Companies from $230.00 to $240.00 and gave the company an “overweight” rating in a report on Tuesday, August 31st. Finally, OTR Global cut Lowe’s Companies to a “positive” rating in a report on Tuesday, August 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $216.26.

NYSE LOW traded down $1.17 on Wednesday, reaching $203.00. The company had a trading volume of 13,426 shares, compared to its average volume of 3,904,635. The stock has a market capitalization of $140.56 billion, a P/E ratio of 21.07, a P/E/G ratio of 1.26 and a beta of 1.34. The company’s fifty day moving average is $197.79 and its 200 day moving average is $192.88. Lowe’s Companies, Inc. has a 52-week low of $146.72 and a 52-week high of $215.22. The company has a quick ratio of 0.36, a current ratio of 1.16 and a debt-to-equity ratio of 49.23.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Tuesday, August 17th. The home improvement retailer reported $4.25 EPS for the quarter, beating analysts’ consensus estimates of $4.01 by $0.24. The business had revenue of $27.57 billion during the quarter, compared to analyst estimates of $26.76 billion. Lowe’s Companies had a return on equity of 541.39% and a net margin of 7.41%. Lowe’s Companies’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.75 EPS. On average, research analysts expect that Lowe’s Companies, Inc. will post 11.26 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 3rd. Stockholders of record on Wednesday, October 20th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Tuesday, October 19th. Lowe’s Companies’s dividend payout ratio is presently 36.12%.

About Lowe’s Companies

Lowe’s Cos., Inc engages in the retail sale of home improvement products. The firm offers products for maintenance, repair, remodelling, home decorating and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows and doors.

Further Reading: Stocks Increasing Dividends

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

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