One Charles Private Wealth Services LLC Makes New $232,000 Investment in Lowe’s Companies, Inc. (NYSE:LOW)

One Charles Private Wealth Services LLC bought a new position in Lowe’s Companies, Inc. (NYSE:LOW) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,195 shares of the home improvement retailer’s stock, valued at approximately $232,000.

Other hedge funds have also bought and sold shares of the company. Farr Miller & Washington LLC DC grew its position in Lowe’s Companies by 1.6% in the first quarter. Farr Miller & Washington LLC DC now owns 311,134 shares of the home improvement retailer’s stock worth $59,171,000 after acquiring an additional 5,013 shares in the last quarter. Alta Capital Management LLC boosted its holdings in shares of Lowe’s Companies by 54.6% during the 1st quarter. Alta Capital Management LLC now owns 182,469 shares of the home improvement retailer’s stock worth $34,702,000 after buying an additional 64,429 shares during the period. Horizon Investments LLC bought a new stake in shares of Lowe’s Companies during the 1st quarter worth $5,130,000. Burney Co. boosted its holdings in shares of Lowe’s Companies by 4.0% during the 2nd quarter. Burney Co. now owns 39,481 shares of the home improvement retailer’s stock worth $7,658,000 after buying an additional 1,509 shares during the period. Finally, Trust Investment Advisors boosted its holdings in shares of Lowe’s Companies by 3.4% during the 2nd quarter. Trust Investment Advisors now owns 4,600 shares of the home improvement retailer’s stock worth $892,000 after buying an additional 150 shares during the period. 72.80% of the stock is owned by institutional investors.

Shares of Lowe’s Companies stock traded down $1.17 during mid-day trading on Wednesday, reaching $203.00. 13,426 shares of the stock were exchanged, compared to its average volume of 3,904,635. The company has a market cap of $140.56 billion, a price-to-earnings ratio of 21.07, a price-to-earnings-growth ratio of 1.26 and a beta of 1.34. The company has a current ratio of 1.16, a quick ratio of 0.36 and a debt-to-equity ratio of 49.23. The firm has a 50-day simple moving average of $197.79 and a 200 day simple moving average of $192.88. Lowe’s Companies, Inc. has a fifty-two week low of $146.72 and a fifty-two week high of $215.22.

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

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

Several research firms recently issued reports on LOW. Bank of America reaffirmed a “buy” rating and set a $250.00 price objective on shares of Lowe’s Companies in a report on Wednesday, May 19th. Zacks Investment Research downgraded shares of Lowe’s Companies from a “hold” rating to a “sell” rating and set a $205.00 price objective for the company. in a report on Wednesday, July 28th. Robert W. Baird upped their price objective on shares of Lowe’s Companies from $230.00 to $235.00 and gave the stock an “outperform” rating in a report on Thursday, May 20th. Morgan Stanley increased their price target on shares of Lowe’s Companies from $230.00 to $240.00 and gave the company an “overweight” rating in a report on Tuesday, August 31st. Finally, Wedbush downgraded shares of Lowe’s Companies from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $225.00 to $210.00 in a report on Monday, July 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $216.26.

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.

See Also: Terms to Better Understand Call Options

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

Receive News & Ratings for Lowe's Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies and related companies with MarketBeat.com's FREE daily email newsletter.