Marcum Wealth LLC Buys 72 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Marcum Wealth LLC boosted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 1.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,797 shares of the home improvement retailer’s stock after acquiring an additional 72 shares during the period. Marcum Wealth LLC’s holdings in Lowe’s Companies were worth $1,318,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD raised its position in shares of Lowe’s Companies by 46.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,075,093 shares of the home improvement retailer’s stock valued at $584,821,000 after purchasing an additional 973,815 shares during the period. Nordea Investment Management AB raised its position in shares of Lowe’s Companies by 98.2% in the first quarter. Nordea Investment Management AB now owns 1,727,274 shares of the home improvement retailer’s stock valued at $330,134,000 after purchasing an additional 855,801 shares during the period. Schroder Investment Management Group raised its position in shares of Lowe’s Companies by 48.0% in the first quarter. Schroder Investment Management Group now owns 2,274,496 shares of the home improvement retailer’s stock valued at $432,562,000 after purchasing an additional 737,839 shares during the period. Neuberger Berman Group LLC raised its position in shares of Lowe’s Companies by 128.5% in the first quarter. Neuberger Berman Group LLC now owns 1,113,951 shares of the home improvement retailer’s stock valued at $211,332,000 after purchasing an additional 626,462 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Lowe’s Companies by 9.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 7,053,442 shares of the home improvement retailer’s stock valued at $1,341,424,000 after purchasing an additional 586,207 shares during the period. 72.80% of the stock is currently owned by institutional investors and hedge funds.

NYSE:LOW traded down $1.01 during midday trading on Wednesday, reaching $203.16. 28,019 shares of the stock traded hands, compared to its average volume of 3,904,635. The company has a fifty day moving average of $197.79 and a 200 day moving average of $192.88. Lowe’s Companies, Inc. has a 12 month low of $146.72 and a 12 month high of $215.22. The company has a debt-to-equity ratio of 49.23, a quick ratio of 0.36 and a current ratio of 1.16. The stock has a market capitalization of $140.67 billion, a P/E ratio of 21.07, a PEG ratio of 1.26 and a beta of 1.34.

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

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

LOW has been the topic of several research reports. Credit Suisse Group boosted their price target on shares of Lowe’s Companies from $208.00 to $220.00 and gave the company an “outperform” rating in a research report on Thursday, August 19th. OTR Global cut shares of Lowe’s Companies to a “positive” rating in a research note on Tuesday, August 10th. Royal Bank of Canada boosted their price objective on shares of Lowe’s Companies from $234.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, May 20th. Morgan Stanley boosted their price objective on shares of Lowe’s Companies from $230.00 to $240.00 and gave the company an “overweight” rating in a research note on Tuesday, August 31st. Finally, Truist Securities boosted their price objective on shares of Lowe’s Companies from $185.00 to $217.00 and gave the company a “buy” rating in a research note on Thursday, May 20th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, Lowe’s Companies has an average rating of “Buy” and an average price target of $216.26.

Lowe’s Companies Company Profile

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.

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

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