Interchange Capital Partners LLC Buys Shares of 1,141 Lowe’s Companies, Inc. (NYSE:LOW)

Interchange Capital Partners LLC bought a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 1,141 shares of the home improvement retailer’s stock, valued at approximately $252,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Barlow Wealth Partners Inc. bought a new stake in shares of Lowe’s Companies during the 2nd quarter valued at $230,000. Essex Financial Services Inc. raised its position in shares of Lowe’s Companies by 12.1% during the 2nd quarter. Essex Financial Services Inc. now owns 6,426 shares of the home improvement retailer’s stock valued at $1,417,000 after acquiring an additional 694 shares during the last quarter. Turtle Creek Wealth Advisors LLC raised its position in shares of Lowe’s Companies by 37.7% during the 2nd quarter. Turtle Creek Wealth Advisors LLC now owns 17,147 shares of the home improvement retailer’s stock valued at $3,780,000 after acquiring an additional 4,693 shares during the last quarter. Dover Advisors LLC raised its position in shares of Lowe’s Companies by 5.5% during the 2nd quarter. Dover Advisors LLC now owns 10,737 shares of the home improvement retailer’s stock valued at $2,367,000 after acquiring an additional 561 shares during the last quarter. Finally, Elk River Wealth Management LLC raised its position in shares of Lowe’s Companies by 1.0% during the 2nd quarter. Elk River Wealth Management LLC now owns 28,265 shares of the home improvement retailer’s stock valued at $6,231,000 after acquiring an additional 272 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

Lowe’s Companies stock opened at $248.50 on Monday. The firm has a 50-day moving average of $234.08 and a 200-day moving average of $233.55. Lowe’s Companies, Inc. has a one year low of $181.85 and a one year high of $262.49. The company has a market cap of $141.61 billion, a price-to-earnings ratio of 19.96, a P/E/G ratio of 2.04 and a beta of 1.07.

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

Lowe’s Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd will be paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.85%. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.15. Lowe’s Companies’s dividend payout ratio is currently 36.95%.

Wall Street Analyst Weigh In

Several analysts have commented on LOW shares. DA Davidson dropped their target price on shares of Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating for the company in a research report on Wednesday, May 22nd. UBS Group upped their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. Gordon Haskett lowered their price objective on shares of Lowe’s Companies from $245.00 to $240.00 and set a “hold” rating for the company in a research report on Wednesday, August 21st. Evercore ISI upped their price objective on shares of Lowe’s Companies from $225.00 to $250.00 and gave the company an “in-line” rating in a research report on Wednesday, August 21st. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $230.00 price objective on shares of Lowe’s Companies in a research report on Tuesday, August 20th. Twelve equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $254.04.

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.