Marcum Wealth LLC Acquires 115 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Marcum Wealth LLC increased its position in Lowe’s Companies, Inc. (NYSE:LOWGet Rating) by 6.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,910 shares of the home improvement retailer’s stock after acquiring an additional 115 shares during the quarter. Marcum Wealth LLC’s holdings in Lowe’s Companies were worth $334,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Joseph P. Lucia & Associates LLC acquired a new stake in Lowe’s Companies in the 1st quarter worth $27,000. Macroview Investment Management LLC lifted its holdings in Lowe’s Companies by 49.1% during the 1st quarter. Macroview Investment Management LLC now owns 158 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 52 shares during the last quarter. O Dell Group LLC bought a new position in Lowe’s Companies during the 1st quarter valued at about $34,000. Compagnie Lombard Odier SCmA raised its stake in shares of Lowe’s Companies by 100.0% in the first quarter. Compagnie Lombard Odier SCmA now owns 180 shares of the home improvement retailer’s stock worth $36,000 after acquiring an additional 90 shares during the last quarter. Finally, DeDora Capital Inc. bought a new position in shares of Lowe’s Companies in the first quarter worth about $39,000. Institutional investors own 74.04% of the company’s stock.

Lowe’s Companies Stock Down 0.1 %

Shares of Lowe’s Companies stock opened at $188.12 on Friday. The company has a market capitalization of $116.77 billion, a price-to-earnings ratio of 14.82, a PEG ratio of 1.06 and a beta of 1.22. Lowe’s Companies, Inc. has a 12-month low of $170.12 and a 12-month high of $263.31. The firm’s 50-day moving average price is $198.00 and its two-hundred day moving average price is $197.74.

Lowe’s Companies (NYSE:LOWGet Rating) last issued its quarterly earnings data on Wednesday, August 17th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.63 by $0.04. The business had revenue of $27.48 billion during the quarter, compared to analyst estimates of $28.16 billion. Lowe’s Companies had a net margin of 8.83% and a negative return on equity of 155.26%. The firm’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter last year, the business earned $4.25 EPS. On average, sell-side analysts expect that Lowe’s Companies, Inc. will post 13.51 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Tuesday, October 18th. This represents a $4.20 annualized dividend and a dividend yield of 2.23%. Lowe’s Companies’s dividend payout ratio is currently 33.10%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. DA Davidson boosted their target price on shares of Lowe’s Companies from $225.00 to $247.00 in a research note on Thursday, August 18th. Jefferies Financial Group boosted their target price on shares of Lowe’s Companies from $238.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, August 18th. The Goldman Sachs Group boosted their target price on shares of Lowe’s Companies from $224.00 to $252.00 and gave the stock a “buy” rating in a research note on Thursday, August 18th. Wedbush boosted their target price on shares of Lowe’s Companies from $200.00 to $225.00 and gave the stock a “neutral” rating in a research note on Thursday, August 18th. Finally, Citigroup boosted their price target on shares of Lowe’s Companies to $217.00 in a research note on Monday, August 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and an average target price of $244.05.

Insider Activity

In other news, EVP Seemantini Godbole sold 11,761 shares of Lowe’s Companies stock in a transaction on Friday, August 19th. The shares were sold at an average price of $214.37, for a total value of $2,521,205.57. Following the completion of the sale, the executive vice president now owns 26,575 shares in the company, valued at approximately $5,696,882.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.24% of the stock is currently owned by company insiders.

About Lowe’s Companies

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

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