Schulhoff & Co. Inc. Buys 133 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Schulhoff & Co. Inc. boosted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 2.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,862 shares of the home improvement retailer’s stock after purchasing an additional 133 shares during the period. Schulhoff & Co. Inc.’s holdings in Lowe’s Companies were worth $1,072,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in LOW. Lyell Wealth Management LP raised its holdings in Lowe’s Companies by 2.0% during the 2nd quarter. Lyell Wealth Management LP now owns 4,320 shares of the home improvement retailer’s stock valued at $952,000 after buying an additional 83 shares during the last quarter. J.W. Cole Advisors Inc. increased its position in shares of Lowe’s Companies by 3.9% in the second quarter. J.W. Cole Advisors Inc. now owns 7,215 shares of the home improvement retailer’s stock valued at $1,591,000 after acquiring an additional 272 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Lowe’s Companies by 6.0% during the second quarter. Envestnet Asset Management Inc. now owns 1,617,849 shares of the home improvement retailer’s stock valued at $356,671,000 after acquiring an additional 90,945 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of Lowe’s Companies by 12.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 145,158 shares of the home improvement retailer’s stock valued at $32,002,000 after acquiring an additional 16,326 shares during the last quarter. Finally, Guardian Wealth Advisors LLC boosted its holdings in shares of Lowe’s Companies by 2.5% during the second quarter. Guardian Wealth Advisors LLC now owns 2,781 shares of the home improvement retailer’s stock worth $613,000 after purchasing an additional 69 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

NYSE:LOW opened at $255.41 on Friday. The firm has a market cap of $144.89 billion, a P/E ratio of 20.51, a P/E/G ratio of 2.03 and a beta of 1.10. Lowe’s Companies, Inc. has a fifty-two week low of $181.85 and a fifty-two week high of $262.49. The firm has a 50-day simple moving average of $240.11 and a two-hundred day simple moving average of $234.78.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share for the quarter, beating the consensus estimate of $3.96 by $0.14. The company had revenue of $23.59 billion during the quarter, compared to the consensus estimate of $23.93 billion. Lowe’s Companies had a net margin of 8.25% and a negative return on equity of 47.07%. The firm’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $4.56 earnings per share. On average, equities research analysts predict that Lowe’s Companies, Inc. will post 11.93 EPS for the current year.

Lowe’s Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd will be issued a dividend of $1.15 per share. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.15. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date is Wednesday, October 23rd. Lowe’s Companies’s dividend payout ratio is presently 36.95%.

Analyst Ratings Changes

A number of research analysts have commented on the company. JPMorgan Chase & Co. lowered their price target on Lowe’s Companies from $272.00 to $270.00 and set an “overweight” rating for the company in a research report on Wednesday, August 21st. Evercore ISI upped their target price on Lowe’s Companies from $225.00 to $250.00 and gave the company an “in-line” rating in a report on Wednesday, August 21st. Wedbush reaffirmed a “neutral” rating and issued a $250.00 price target on shares of Lowe’s Companies in a research note on Wednesday, August 21st. Piper Sandler decreased their price objective on shares of Lowe’s Companies from $264.00 to $262.00 and set an “overweight” rating for the company in a report on Wednesday, August 21st. Finally, UBS Group raised their target price on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Twelve research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $252.83.

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.