Duncker Streett & Co. Inc. has increased its holdings in Lowe’s Companies, Inc. during the second quarter, according to Holdings Channel. The institutional investor now owns 32,111 shares of Lowe’s stock, which represents a 1.8% increase from the previous quarter.
This makes Lowe’s Companies the 9th largest holding for Duncker Streett & Co. Inc., accounting for 1.6% of their portfolio. The value of their holdings in Lowe’s Companies is currently estimated at $7,247,000.
Other institutional investors and hedge funds have also made changes to their positions in Lowe’s Companies. Ritter Daniher Financial Advisory LLC DE increased its position in shares of Lowe’s Companies by 357.1% during the first quarter. Grey Fox Wealth Advisors LLC, Ruedi Wealth Management Inc., Sanctuary Wealth Management L.L.C., and True Wealth Design LLC have also purchased stakes in Lowe’s Companies in the past.
Currently, 71.88% of Lowe’s Companies stock is owned by hedge funds and other institutional investors.
Lowe’s Companies Stock Performance
On Friday, Lowe’s Companies stock opened at $207.84. The company has a market cap of $119.95 billion, with a price-to-earnings ratio of 20.46 and a beta of 1.09. Lowe’s Companies has a 52-week low of $176.50 and a 52-week high of $237.21. Its 50-day moving average is $224.18 and its two-hundred day moving average is $214.50.
Lowe’s Companies Quarterly Earnings Results
Lowe’s Companies released its quarterly earnings results on Tuesday, August 22nd. The home improvement retailer reported earnings per share (EPS) of $4.56 for the quarter, surpassing the consensus estimate of $4.49 by $0.07.
The company had a negative return on equity of 58.56% and a net margin of 6.48%. The firm’s revenue for the quarter was $24.96 billion, slightly lower compared to analyst estimates of $24.97 billion. Lowe’s Companies had recorded $4.67 earnings per share in the same quarter the previous year.
Analysts expect that Lowe’s Companies will post EPS of 13.44 for the current fiscal year.
Lowe’s Companies Dividend Announcement
Lowe’s Companies recently announced a quarterly dividend, to be paid on Wednesday, November 8th. Shareholders of record on Wednesday, October 25th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.12%. Lowe’s Companies currently has a dividend payout ratio (DPR) of 43.31%.
Analyst Ratings for Lowe’s Companies
Several brokerages have commented on LOW. Guggenheim increased their price target on Lowe’s Companies to $250.00 and gave the stock a “buy” rating. TD Cowen boosted their price objective on Lowe’s Companies to $230.00 and gave the stock a “market perform” rating. Stifel Nicolaus initiated coverage on Lowe’s Companies and set a “buy” rating with a price objective of $270.00. Loop Capital also increased their price target on Lowe’s Companies to $225.00 and gave the stock a “hold” rating. Finally, StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating. Overall, Lowe’s Companies has a consensus rating of “Hold” with an average price target of $237.90.
Insider Buying and Selling at Lowe’s Companies
In recent news, EVP Joseph Michael Mcfarland sold 4,500 shares of Lowe’s Companies stock, valued at approximately $1,001,385. EVP Janice Dupre also sold 5,380 shares, worth $1,244,286. EVP Joseph Michael Mcfarland made another sale of 4,500 shares, valued at approximately $1,001,385. Overall, company insiders own 0.26% of Lowe’s Companies stock.
About Lowe’s Companies
Lowe’s Companies, Inc. is a home improvement retailer in the United States. The company offers a wide range of products for construction, maintenance, repair, remodeling, and decorating. Their product line includes appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and baths, tools, paint, millwork, hardware, flooring, plumbing, building materials, decor, and electrical supplies.
Sources: Holdings Channel, MarketBeat