TIAA Trust National Association Increases Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

TIAA Trust National Association increased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 12.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 133,126 shares of the home improvement retailer’s stock after buying an additional 14,714 shares during the period. TIAA Trust National Association’s holdings in Lowe’s Companies were worth $32,855,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in LOW. IFS Advisors LLC acquired a new stake in shares of Lowe’s Companies in the fourth quarter valued at approximately $25,000. Legacy Investment Solutions LLC purchased a new stake in Lowe’s Companies in the 3rd quarter valued at approximately $27,000. Winch Advisory Services LLC increased its position in Lowe’s Companies by 56.4% during the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after buying an additional 44 shares in the last quarter. Marshall Investment Management LLC acquired a new position in shares of Lowe’s Companies in the fourth quarter worth $31,000. Finally, Millstone Evans Group LLC purchased a new stake in shares of Lowe’s Companies in the fourth quarter valued at $44,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Stock Up 2.6 %

NYSE LOW opened at $233.01 on Tuesday. The stock has a market cap of $131.57 billion, a PE ratio of 19.43, a P/E/G ratio of 1.96 and a beta of 1.12. The business has a 50 day moving average price of $247.67 and a two-hundred day moving average price of $257.80. Lowe’s Companies, Inc. has a fifty-two week low of $211.80 and a fifty-two week high of $287.01.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.10. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The business had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.29 billion. Sell-side analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Wednesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is 37.67%.

Wall Street Analysts Forecast Growth

LOW has been the subject of several analyst reports. StockNews.com downgraded shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, March 11th. Royal Bank of Canada lowered their price target on shares of Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating for the company in a report on Thursday, February 27th. Evercore ISI upped their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a research note on Thursday, December 12th. BNP Paribas raised shares of Lowe’s Companies to a “strong sell” rating in a research note on Thursday, February 27th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $305.00 price target on shares of Lowe’s Companies in a research note on Wednesday, February 26th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $279.71.

About Lowe’s Companies

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.