Lowe's Companies, Inc. (NYSE:LOW) Shares Bought by TIAA Trust National Association

TIAA Trust National Association lifted its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 12.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 133,126 shares of the home improvement retailer's stock after buying an additional 14,714 shares during the quarter. TIAA Trust National Association's holdings in Lowe's Companies were worth $32,855,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. United Bank lifted its position in shares of Lowe's Companies by 1.4% in the third quarter. United Bank now owns 10,099 shares of the home improvement retailer's stock worth $2,735,000 after buying an additional 137 shares in the last quarter. Eagle Asset Management Inc. raised its holdings in shares of Lowe's Companies by 3.0% during the 3rd quarter. Eagle Asset Management Inc. now owns 13,824 shares of the home improvement retailer's stock worth $3,748,000 after acquiring an additional 399 shares in the last quarter. Cahill Financial Advisors Inc. boosted its position in shares of Lowe's Companies by 13.1% during the 3rd quarter. Cahill Financial Advisors Inc. now owns 1,575 shares of the home improvement retailer's stock valued at $427,000 after acquiring an additional 183 shares during the last quarter. Pekin Hardy Strauss Inc. purchased a new position in shares of Lowe's Companies in the third quarter valued at $221,000. Finally, Daiwa Securities Group Inc. increased its position in Lowe's Companies by 10.4% in the third quarter. Daiwa Securities Group Inc. now owns 72,920 shares of the home improvement retailer's stock worth $19,750,000 after purchasing an additional 6,870 shares during the last quarter. Institutional investors own 74.06% of the company's stock.

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Lowe's Companies Price Performance

LOW traded down $3.97 during trading on Friday, reaching $228.20. 2,114,045 shares of the company's stock were exchanged, compared to its average volume of 2,418,250. Lowe's Companies, Inc. has a 1 year low of $211.80 and a 1 year high of $287.01. The company's fifty day simple moving average is $245.57 and its 200-day simple moving average is $257.31. The stock has a market capitalization of $127.73 billion, a P/E ratio of 19.03, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its 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. The company had revenue of $18.55 billion during the quarter, compared to the consensus estimate of $18.29 billion. Lowe's Companies had a net margin of 8.19% and a negative return on equity of 47.55%. Equities analysts forecast that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders 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 yield of 2.02%. The ex-dividend date is Wednesday, April 23rd. Lowe's Companies's payout ratio is presently 37.67%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Mizuho lowered 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. Wedbush reiterated a "neutral" rating and issued a $250.00 price target on shares of Lowe's Companies in a research report on Thursday, December 12th. Stifel Nicolaus boosted their price objective on Lowe's Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research note on Wednesday, December 11th. Bank of America lowered their price objective on Lowe's Companies from $305.00 to $290.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Finally, BNP Paribas upgraded Lowe's Companies to a "strong sell" rating in a report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $279.71.

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.