Patron Partners LLC Has $607,000 Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Patron Partners LLC raised its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 3.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,754 shares of the home improvement retailer’s stock after acquiring an additional 99 shares during the period. Patron Partners LLC’s holdings in Lowe’s Companies were worth $607,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of LOW. Norges Bank bought a new position in shares of Lowe’s Companies during the 4th quarter worth approximately $1,638,746,000. Vanguard Group Inc. boosted its holdings in Lowe’s Companies by 5.2% during the first quarter. Vanguard Group Inc. now owns 53,693,630 shares of the home improvement retailer’s stock worth $13,677,378,000 after purchasing an additional 2,674,372 shares during the last quarter. Canoe Financial LP acquired a new stake in Lowe’s Companies in the 4th quarter valued at $206,912,000. M&G Plc acquired a new position in Lowe’s Companies during the first quarter valued at approximately $217,995,000. Finally, Pathstone Holdings LLC acquired a new stake in shares of Lowe’s Companies in the 4th quarter valued at approximately $126,615,000. 74.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

LOW has been the topic of a number of recent analyst reports. Gordon Haskett decreased their target price on Lowe’s Companies from $245.00 to $240.00 and set a “hold” rating on the stock in a report on Wednesday, August 21st. Royal Bank of Canada cut their target price on shares of Lowe’s Companies from $245.00 to $238.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 21st. Wells Fargo & Company decreased their price target on shares of Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 21st. Bank of America cut their price objective on shares of Lowe’s Companies from $280.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, August 21st. Finally, DA Davidson decreased their target price on Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 22nd. Twelve research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $252.83.

Lowe’s Companies Stock Down 0.1 %

NYSE LOW traded down $0.30 on Friday, hitting $243.81. The company’s stock had a trading volume of 1,889,727 shares, compared to its average volume of 2,513,320. The company’s 50-day moving average is $236.53 and its 200 day moving average is $234.09. The firm has a market cap of $138.93 billion, a PE ratio of 19.58, a PEG ratio of 2.04 and a beta of 1.07. Lowe’s Companies, Inc. has a 1-year low of $181.85 and a 1-year high of $262.49.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.96 by $0.14. The company had revenue of $23.59 billion during the quarter, compared to the consensus estimate of $23.93 billion. Lowe’s Companies had a negative return on equity of 47.07% and a net margin of 8.25%. The firm’s revenue was down 5.5% compared to the same quarter last year. During the same period last year, the company earned $4.56 earnings per share. On average, equities analysts expect that Lowe’s Companies, Inc. will post 11.94 EPS for the current year.

Lowe’s Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd will be given a dividend of $1.15 per share. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.15. The ex-dividend date is Wednesday, October 23rd. This represents a $4.60 annualized dividend and a dividend yield of 1.89%. Lowe’s Companies’s dividend payout ratio is presently 36.95%.

Lowe’s Companies Company Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also 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, and electrical.