NEOS Investment Management LLC Raises Stock Holdings in Lowe's Companies, Inc. (NYSE:LOW)

NEOS Investment Management LLC lifted its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 32.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,626 shares of the home improvement retailer's stock after buying an additional 8,185 shares during the period. NEOS Investment Management LLC's holdings in Lowe's Companies were worth $8,299,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in Lowe's Companies during the 4th quarter worth $314,435,000. Strategic Financial Concepts LLC boosted its holdings in Lowe's Companies by 24,531.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 1,228,102 shares of the home improvement retailer's stock worth $303,096,000 after acquiring an additional 1,223,116 shares in the last quarter. Amundi grew its stake in shares of Lowe's Companies by 60.1% during the fourth quarter. Amundi now owns 2,603,305 shares of the home improvement retailer's stock worth $642,730,000 after acquiring an additional 976,823 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in shares of Lowe's Companies by 42,529.8% during the fourth quarter. Proficio Capital Partners LLC now owns 846,202 shares of the home improvement retailer's stock valued at $208,843,000 after acquiring an additional 844,217 shares in the last quarter. Finally, State Street Corp raised its position in shares of Lowe's Companies by 1.9% in the 3rd quarter. State Street Corp now owns 25,013,655 shares of the home improvement retailer's stock valued at $6,774,948,000 after purchasing an additional 460,851 shares during the last quarter. Institutional investors own 74.06% of the company's stock.

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Lowe's Companies Price Performance

NYSE LOW traded up $2.93 during trading hours on Monday, hitting $231.35. 937,760 shares of the company's stock traded hands, compared to its average volume of 2,489,103. The company has a market capitalization of $129.49 billion, a PE ratio of 19.30, a PEG ratio of 1.96 and a beta of 1.12. Lowe's Companies, Inc. has a 52-week low of $211.80 and a 52-week high of $287.01. The firm's 50-day moving average is $245.57 and its 200-day moving average is $257.38.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, beating the consensus estimate of $1.83 by $0.10. The firm had revenue of $18.55 billion during the quarter, compared to analysts' expectations of $18.29 billion. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. Equities research analysts predict that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Dividend Announcement

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 issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lowe's Companies's dividend payout ratio is currently 37.67%.

Wall Street Analysts Forecast Growth

LOW has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of Lowe's Companies from a "hold" rating to a "buy" rating in a research note on Wednesday, March 26th. Wedbush reissued a "neutral" rating and set a $250.00 target price on shares of Lowe's Companies in a report on Thursday, December 12th. Guggenheim restated a "buy" rating and issued a $300.00 target price on shares of Lowe's Companies in a research note on Thursday, December 12th. Stifel Nicolaus lifted their price target on Lowe's Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research report on Wednesday, December 11th. Finally, Evercore ISI upped their price objective on Lowe's Companies from $270.00 to $290.00 and gave the stock an "in-line" rating in a research report on Thursday, December 12th. One research 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. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target 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.