Quantinno Capital Management LP Acquires 26,502 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Quantinno Capital Management LP boosted its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 54.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,209 shares of the home improvement retailer's stock after acquiring an additional 26,502 shares during the period. Quantinno Capital Management LP's holdings in Lowe's Companies were worth $18,562,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the company. IFS Advisors LLC purchased a new position in shares of Lowe's Companies during the 4th quarter valued at about $25,000. Marshall Investment Management LLC purchased a new stake in shares of Lowe's Companies in the 4th quarter valued at $31,000. Winch Advisory Services LLC increased its holdings in Lowe's Companies by 56.4% during the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock worth $30,000 after purchasing an additional 44 shares during the period. Caisse Des Depots ET Consignations acquired a new position in shares of Lowe's Companies in the 4th quarter valued at $33,000. Finally, Measured Risk Portfolios Inc. acquired a new position in shares of Lowe's Companies in the 4th quarter valued at $42,000. 74.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on LOW. StockNews.com upgraded Lowe's Companies from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. JPMorgan Chase & Co. dropped their target price on Lowe's Companies from $300.00 to $263.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. Piper Sandler decreased their target price on Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating for the company in a research report on Monday, March 24th. Morgan Stanley reduced their target price on shares of Lowe's Companies from $300.00 to $255.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Finally, KeyCorp raised Lowe's Companies from a "sector weight" rating to an "overweight" rating and set a $266.00 price objective on the stock in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Lowe's Companies has a consensus rating of "Moderate Buy" and a consensus price target of $278.04.

Lowe's Companies Stock Performance

NYSE:LOW opened at $230.62 on Wednesday. Lowe's Companies, Inc. has a one year low of $206.39 and a one year high of $287.01. The firm's fifty day moving average is $224.80 and its two-hundred day moving average is $246.50. The firm has a market cap of $129.08 billion, a price-to-earnings ratio of 19.23, a PEG ratio of 1.96 and a beta of 1.00.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.10. The business had revenue of $18.55 billion for the quarter, compared to analysts' expectations of $18.29 billion. Lowe's Companies had a net margin of 8.19% and a negative return on equity of 47.55%. As a group, equities 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 firm also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were given a dividend of $1.15 per share. The ex-dividend date was Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a yield of 1.99%. Lowe's Companies's dividend payout ratio (DPR) is presently 37.67%.

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.

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