Pinnacle Private Wealth LLC increased its stake in Lowe's Companies, Inc. (NYSE:LOW – Get Rating) by 10.8% in the second quarter, HoldingsChannel reports. The fund owned 6,255 shares of the home improvement retailer's stock after purchasing an additional 610 shares during the period. Pinnacle Private Wealth LLC's holdings in Lowe's Companies were worth $1,093,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of LOW. Joseph P. Lucia & Associates LLC purchased a new position in Lowe's Companies during the 1st quarter valued at about $27,000. Macroview Investment Management LLC boosted its position in shares of Lowe's Companies by 49.1% in the 1st quarter. Macroview Investment Management LLC now owns 158 shares of the home improvement retailer's stock worth $32,000 after purchasing an additional 52 shares in the last quarter. Delos Wealth Advisors LLC boosted its position in shares of Lowe's Companies by 388.2% in the 4th quarter. Delos Wealth Advisors LLC now owns 166 shares of the home improvement retailer's stock worth $43,000 after purchasing an additional 132 shares in the last quarter. O Dell Group LLC bought a new position in Lowe's Companies in the 1st quarter valued at approximately $34,000. Finally, Compagnie Lombard Odier SCmA lifted its position in Lowe's Companies by 100.0% in the 1st quarter. Compagnie Lombard Odier SCmA now owns 180 shares of the home improvement retailer's stock valued at $36,000 after acquiring an additional 90 shares in the last quarter. Institutional investors own 74.04% of the company's stock.
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Insider Transactions at Lowe's Companies
In other Lowe's Companies news, EVP Seemantini Godbole sold 11,761 shares of the firm's stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $214.37, for a total transaction of $2,521,205.57. Following the completion of the transaction, the executive vice president now directly owns 26,575 shares in the company, valued at approximately $5,696,882.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.24% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their price objective on Lowe's Companies from $230.00 to $210.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 9th. Wedbush upped their price objective on Lowe's Companies from $200.00 to $225.00 and gave the stock a "neutral" rating in a research note on Thursday, August 18th. StockNews.com upgraded Lowe's Companies from a "hold" rating to a "buy" rating in a research note on Thursday, July 28th. TheStreet upgraded Lowe's Companies from a "c+" rating to a "b" rating in a research note on Monday, August 29th. Finally, Robert W. Baird increased their price objective on shares of Lowe's Companies from $225.00 to $235.00 and gave the company an "outperform" rating in a report on Wednesday, August 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Lowe's Companies has a consensus rating of "Moderate Buy" and an average price target of $244.05.
Lowe's Companies Stock Up 0.0 %
Lowe's Companies stock traded up $0.01 during mid-day trading on Friday, reaching $188.13. 177,555 shares of the company's stock were exchanged, compared to its average volume of 3,715,737. Lowe's Companies, Inc. has a twelve month low of $170.12 and a twelve month high of $263.31. The company has a fifty day moving average of $198.00 and a 200-day moving average of $197.74. The company has a market cap of $116.77 billion, a P/E ratio of 14.82, a P/E/G ratio of 1.06 and a beta of 1.22.
Lowe's Companies (NYSE:LOW – Get Rating) last announced its quarterly earnings data on Wednesday, August 17th. The home improvement retailer reported $4.67 EPS for the quarter, beating analysts' consensus estimates of $4.63 by $0.04. The company had revenue of $27.48 billion for the quarter, compared to the consensus estimate of $28.16 billion. Lowe's Companies had a net margin of 8.83% and a negative return on equity of 155.26%. The company's quarterly revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.25 EPS. Equities research analysts expect that Lowe's Companies, Inc. will post 13.51 earnings per share for the current fiscal year.
Lowe's Companies Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 2nd. Stockholders of record on Wednesday, October 19th will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend is Tuesday, October 18th. Lowe's Companies's dividend payout ratio (DPR) is presently 33.10%.
Lowe's Companies Company Profile
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Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States and internationally. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, lighting, and electrical.
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