Lowe’s Companies, Inc. $LOW Shares Acquired by Duncker Streett & Co. Inc.

Duncker Streett & Co. Inc. boosted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 54.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 34,756 shares of the home improvement retailer’s stock after purchasing an additional 12,324 shares during the quarter. Lowe’s Companies comprises 1.5% of Duncker Streett & Co. Inc.’s holdings, making the stock its 14th biggest position. Duncker Streett & Co. Inc.’s holdings in Lowe’s Companies were worth $8,734,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of LOW. Steigerwald Gordon & Koch Inc. raised its holdings in shares of Lowe’s Companies by 12.6% during the third quarter. Steigerwald Gordon & Koch Inc. now owns 1,341 shares of the home improvement retailer’s stock valued at $337,000 after buying an additional 150 shares during the last quarter. Clear Harbor Asset Management LLC increased its position in Lowe’s Companies by 25.4% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 7,895 shares of the home improvement retailer’s stock valued at $1,984,000 after acquiring an additional 1,600 shares during the period. Kingswood Wealth Advisors LLC raised its stake in Lowe’s Companies by 93.4% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 9,799 shares of the home improvement retailer’s stock valued at $2,463,000 after acquiring an additional 4,733 shares in the last quarter. Strategic Planning Group LLC raised its stake in Lowe’s Companies by 37.4% during the 3rd quarter. Strategic Planning Group LLC now owns 19,461 shares of the home improvement retailer’s stock valued at $4,891,000 after acquiring an additional 5,294 shares in the last quarter. Finally, Benjamin Edwards Inc. boosted its position in Lowe’s Companies by 5.7% during the 3rd quarter. Benjamin Edwards Inc. now owns 72,340 shares of the home improvement retailer’s stock worth $18,184,000 after acquiring an additional 3,880 shares during the period. Institutional investors own 74.06% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on LOW shares. Evercore ISI reissued a “positive” rating on shares of Lowe’s Companies in a report on Thursday, November 20th. TD Cowen decreased their target price on shares of Lowe’s Companies from $275.00 to $250.00 and set a “hold” rating for the company in a research report on Friday, November 21st. Mizuho lowered their target price on shares of Lowe’s Companies from $285.00 to $272.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. Jefferies Financial Group boosted their price target on shares of Lowe’s Companies from $280.00 to $285.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Lowe’s Companies from $275.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. Eighteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $277.52.

Lowe’s Companies Trading Up 3.6%

Shares of NYSE LOW opened at $256.02 on Friday. Lowe’s Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $274.98. The firm has a 50-day moving average of $240.40 and a two-hundred day moving average of $242.20. The company has a market capitalization of $143.61 billion, a price-to-earnings ratio of 21.23, a PEG ratio of 4.10 and a beta of 0.96.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, November 26th. The home improvement retailer reported $3.06 EPS for the quarter, topping analysts’ consensus estimates of $2.97 by $0.09. Lowe’s Companies had a net margin of 8.05% and a negative return on equity of 55.86%. The business had revenue of $20.81 billion for the quarter, compared to the consensus estimate of $20.88 billion. During the same period in the previous year, the firm earned $2.89 EPS. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. As a group, research analysts predict that Lowe’s Companies, Inc. will post 11.9 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, February 4th. Stockholders of record on Wednesday, January 21st will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Wednesday, January 21st. Lowe’s Companies’s dividend payout ratio is 39.80%.

About Lowe’s Companies

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.