TD Asset Management Inc Has $47.72 Million Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

TD Asset Management Inc increased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 216,450 shares of the home improvement retailer’s stock after purchasing an additional 5,782 shares during the quarter. TD Asset Management Inc’s holdings in Lowe’s Companies were worth $47,719,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. FineMark National Bank & Trust lifted its stake in shares of Lowe’s Companies by 2.2% during the second quarter. FineMark National Bank & Trust now owns 51,382 shares of the home improvement retailer’s stock valued at $11,328,000 after acquiring an additional 1,089 shares during the period. Stablepoint Partners LLC lifted its stake in shares of Lowe’s Companies by 8.4% during the second quarter. Stablepoint Partners LLC now owns 9,206 shares of the home improvement retailer’s stock valued at $2,208,000 after acquiring an additional 710 shares during the period. Pursue Wealth Partners LLC lifted its stake in shares of Lowe’s Companies by 41.6% during the second quarter. Pursue Wealth Partners LLC now owns 1,531 shares of the home improvement retailer’s stock valued at $338,000 after acquiring an additional 450 shares during the period. Belpointe Asset Management LLC lifted its stake in shares of Lowe’s Companies by 3.6% during the second quarter. Belpointe Asset Management LLC now owns 3,513 shares of the home improvement retailer’s stock valued at $774,000 after acquiring an additional 123 shares during the period. Finally, Markel Group Inc. lifted its stake in shares of Lowe’s Companies by 1.9% during the second quarter. Markel Group Inc. now owns 675,980 shares of the home improvement retailer’s stock valued at $149,027,000 after acquiring an additional 12,500 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Down 0.1 %

NYSE:LOW opened at $243.78 on Friday. The firm has a market capitalization of $138.91 billion, a price-to-earnings ratio of 19.58, a price-to-earnings-growth ratio of 2.04 and a beta of 1.07. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49. The stock’s 50 day moving average price is $236.53 and its two-hundred day moving average price is $234.09.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share for the quarter, topping the consensus estimate of $3.96 by $0.14. The firm had revenue of $23.59 billion for the quarter, compared to analyst estimates of $23.93 billion. Lowe’s Companies had a negative return on equity of 47.07% and a net margin of 8.25%. The business’s quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.56 EPS. As a group, analysts anticipate that Lowe’s Companies, Inc. will post 11.94 earnings per share for the current year.

Lowe’s Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd will be given a dividend of $1.15 per share. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Wednesday, October 23rd. This represents a $4.60 annualized dividend and a dividend yield of 1.89%. Lowe’s Companies’s payout ratio is 36.95%.

Analyst Ratings Changes

LOW has been the topic of several analyst reports. Telsey Advisory Group reissued a “market perform” rating and issued a $230.00 target price on shares of Lowe’s Companies in a research note on Tuesday, August 20th. Wells Fargo & Company cut their target price on Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 21st. Evercore ISI increased their target price on Lowe’s Companies from $225.00 to $250.00 and gave the company an “in-line” rating in a research note on Wednesday, August 21st. Bank of America lowered their price target on Lowe’s Companies from $280.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, August 21st. Finally, StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Twelve investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $252.83.

Lowe’s Companies 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.