NEOS Investment Management LLC Acquires 8,185 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

NEOS Investment Management LLC lifted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 32.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,626 shares of the home improvement retailer’s stock after acquiring an additional 8,185 shares during the period. NEOS Investment Management LLC’s holdings in Lowe’s Companies were worth $8,299,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Klingenstein Fields & Co. LP lifted its position in shares of Lowe’s Companies by 1.0% during the fourth 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 last quarter. Saxony Capital Management LLC boosted its stake in Lowe’s Companies by 4.2% in the fourth quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer’s stock valued at $245,000 after acquiring an additional 40 shares in the last quarter. Powers Advisory Group LLC grew its holdings in Lowe’s Companies by 2.7% in the fourth 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 last quarter. Cordatus Wealth Management LLC lifted its holdings in shares of Lowe’s Companies by 0.3% during the 4th quarter. Cordatus Wealth Management LLC now owns 15,012 shares of the home improvement retailer’s stock valued at $3,705,000 after purchasing an additional 41 shares during the last quarter. Finally, O Brien Greene & Co. Inc boosted its position in shares of Lowe’s Companies by 1.5% in the 4th quarter. O Brien Greene & Co. Inc now owns 2,896 shares of the home improvement retailer’s stock worth $715,000 after purchasing an additional 42 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on LOW shares. Wedbush reaffirmed a “neutral” rating and set a $250.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. Mizuho decreased their price objective on shares of Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. BNP Paribas raised shares of Lowe’s Companies to a “strong sell” rating in a research report on Thursday, February 27th. Stifel Nicolaus upped their price target on shares of Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. Finally, Evercore ISI lifted their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus target price of $279.71.

Lowe’s Companies Stock Performance

LOW stock opened at $231.91 on Thursday. Lowe’s Companies, Inc. has a one year low of $211.80 and a one year high of $287.01. The firm has a market cap of $130.95 billion, a PE ratio of 19.34, a P/E/G ratio of 1.96 and a beta of 1.12. The firm’s fifty day moving average is $246.76 and its 200 day moving average is $257.53.

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 (EPS) 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 firm had revenue of $18.55 billion for the quarter, compared to analysts’ expectations of $18.29 billion. Research analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The company also recently disclosed 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 yield of 1.98%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lowe’s Companies’s dividend payout ratio is currently 37.67%.

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.