Lowe’s Companies, Inc. (NYSE:LOW) Stock Position Raised by Noesis Capital Mangement Corp

Noesis Capital Mangement Corp lifted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 4.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 65,798 shares of the home improvement retailer’s stock after buying an additional 2,955 shares during the quarter. Lowe’s Companies makes up 3.1% of Noesis Capital Mangement Corp’s investment portfolio, making the stock its 10th largest holding. Noesis Capital Mangement Corp’s holdings in Lowe’s Companies were worth $16,239,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Klingenstein Fields & Co. LP raised its holdings in shares of Lowe’s Companies by 1.0% in the 4th quarter. Klingenstein Fields & Co. LP now owns 4,101 shares of the home improvement retailer’s stock valued at $1,012,000 after buying an additional 39 shares during the period. Mitchell Mcleod Pugh & Williams Inc. increased its holdings in Lowe’s Companies by 0.5% during the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 7,460 shares of the home improvement retailer’s stock worth $2,021,000 after purchasing an additional 40 shares during the period. Saxony Capital Management LLC increased its holdings in Lowe’s Companies by 4.2% during the 4th quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer’s stock worth $245,000 after purchasing an additional 40 shares during the period. Powers Advisory Group LLC increased its holdings in Lowe’s Companies by 2.7% during the 4th quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer’s stock worth $380,000 after purchasing an additional 40 shares during the period. Finally, Chicago Partners Investment Group LLC increased its holdings in Lowe’s Companies by 1.6% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 2,604 shares of the home improvement retailer’s stock worth $703,000 after purchasing an additional 41 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 1.3 %

Shares of NYSE LOW opened at $248.71 on Friday. The stock has a market cap of $140.43 billion, a PE ratio of 20.74, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11. Lowe’s Companies, Inc. has a 52-week low of $211.80 and a 52-week high of $287.01. The business has a 50-day moving average price of $252.52 and a 200 day moving average price of $258.89.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, January 17th. DA Davidson upped their price target on Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a report on Wednesday, November 20th. Guggenheim restated a “buy” rating and set a $300.00 price target on shares of Lowe’s Companies in a report on Thursday, December 12th. Mizuho cut their price target on Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Stifel Nicolaus increased their price objective on Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $280.83.

Lowe’s Companies 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.