Lowe’s Companies, Inc. (NYSE:LOW) Shares Bought by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV raised its position in Lowe’s Companies, Inc. (NYSE:LOW) by 6.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 83,722 shares of the home improvement retailer’s stock after purchasing an additional 4,709 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Lowe’s Companies were worth $16,240,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Farr Miller & Washington LLC DC raised its stake in shares of Lowe’s Companies by 1.6% in the 1st quarter. Farr Miller & Washington LLC DC now owns 311,134 shares of the home improvement retailer’s stock valued at $59,171,000 after acquiring an additional 5,013 shares during the period. Alta Capital Management LLC raised its stake in shares of Lowe’s Companies by 54.6% in the 1st quarter. Alta Capital Management LLC now owns 182,469 shares of the home improvement retailer’s stock valued at $34,702,000 after acquiring an additional 64,429 shares during the period. Horizon Investments LLC purchased a new stake in shares of Lowe’s Companies in the 1st quarter valued at approximately $5,130,000. Burney Co. raised its stake in shares of Lowe’s Companies by 4.0% in the 2nd quarter. Burney Co. now owns 39,481 shares of the home improvement retailer’s stock valued at $7,658,000 after acquiring an additional 1,509 shares during the period. Finally, Trust Investment Advisors increased its stake in Lowe’s Companies by 3.4% during the 2nd quarter. Trust Investment Advisors now owns 4,600 shares of the home improvement retailer’s stock worth $892,000 after buying an additional 150 shares during the period. Institutional investors own 72.80% of the company’s stock.

LOW has been the topic of several recent research reports. Morgan Stanley upped their target price on shares of Lowe’s Companies from $230.00 to $240.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 31st. Truist Securities upped their target price on shares of Lowe’s Companies from $185.00 to $217.00 and gave the stock a “buy” rating in a research note on Thursday, May 20th. Royal Bank of Canada upped their target price on shares of Lowe’s Companies from $234.00 to $240.00 and gave the stock an “outperform” rating in a research note on Thursday, May 20th. Robert W. Baird upped their target price on shares of Lowe’s Companies from $230.00 to $235.00 and gave the stock an “outperform” rating in a research note on Thursday, May 20th. Finally, OTR Global downgraded shares of Lowe’s Companies to a “positive” rating in a research note on Tuesday, August 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $216.26.

Shares of Lowe’s Companies stock opened at $204.17 on Wednesday. The stock has a market cap of $141.37 billion, a price-to-earnings ratio of 21.07, a PEG ratio of 1.26 and a beta of 1.34. The company has a fifty day simple moving average of $197.79 and a 200-day simple moving average of $192.88. The company has a current ratio of 1.16, a quick ratio of 0.36 and a debt-to-equity ratio of 49.23. Lowe’s Companies, Inc. has a 12-month low of $146.72 and a 12-month high of $215.22.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Tuesday, August 17th. The home improvement retailer reported $4.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.01 by $0.24. The firm had revenue of $27.57 billion during the quarter, compared to analysts’ expectations of $26.76 billion. Lowe’s Companies had a net margin of 7.41% and a return on equity of 541.39%. Lowe’s Companies’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.75 EPS. On average, analysts forecast that Lowe’s Companies, Inc. will post 11.26 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 3rd. Investors of record on Wednesday, October 20th will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date is Tuesday, October 19th. Lowe’s Companies’s dividend payout ratio is currently 36.12%.

Lowe’s Companies Company Profile

Lowe’s Cos., Inc engages in the retail sale of home improvement products. The firm offers products for maintenance, repair, remodelling, home decorating and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows and doors.

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Institutional Ownership by Quarter for Lowe`s Companies (NYSE:LOW)

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