Evergreen Capital Management LLC Has $5.72 Million Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Evergreen Capital Management LLC lifted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 12.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,937 shares of the home improvement retailer’s stock after acquiring an additional 2,925 shares during the period. Evergreen Capital Management LLC’s holdings in Lowe’s Companies were worth $5,718,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Public Sector Pension Investment Board increased its position in shares of Lowe’s Companies by 5.1% during the second quarter. Public Sector Pension Investment Board now owns 478,854 shares of the home improvement retailer’s stock worth $105,568,000 after acquiring an additional 23,104 shares in the last quarter. Steel Grove Capital Advisors LLC bought a new stake in shares of Lowe’s Companies during the second quarter worth $252,000. DRW Securities LLC increased its position in shares of Lowe’s Companies by 107.9% during the second quarter. DRW Securities LLC now owns 3,013 shares of the home improvement retailer’s stock worth $664,000 after acquiring an additional 1,564 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Lowe’s Companies by 34.1% during the second quarter. EverSource Wealth Advisors LLC now owns 4,282 shares of the home improvement retailer’s stock worth $944,000 after acquiring an additional 1,088 shares in the last quarter. Finally, Fairscale Capital LLC bought a new stake in shares of Lowe’s Companies during the second quarter worth $75,000. Institutional investors own 74.06% of the company’s stock.

Insiders Place Their Bets

In other Lowe’s Companies news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of Lowe’s Companies stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $248.82, for a total value of $1,684,262.58. Following the completion of the sale, the chief accounting officer now owns 9,383 shares in the company, valued at approximately $2,334,678.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.26% of the company’s stock.

Lowe’s Companies Stock Performance

NYSE LOW opened at $262.29 on Tuesday. The firm has a 50-day moving average of $244.18 and a 200-day moving average of $235.47. The stock has a market cap of $149.46 billion, a PE ratio of 21.07, a P/E/G ratio of 2.03 and a beta of 1.10. Lowe’s Companies, Inc. has a 52-week low of $181.85 and a 52-week high of $262.49.

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

Lowe’s Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd will be paid a $1.15 dividend. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.15. The ex-dividend date is Wednesday, October 23rd. This represents a $4.60 annualized dividend and a yield of 1.75%. Lowe’s Companies’s payout ratio is 36.95%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LOW. Bank of America lowered their price objective on shares of Lowe’s Companies from $280.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, August 21st. UBS Group raised their target price on shares of Lowe’s Companies from $270.00 to $290.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. Gordon Haskett decreased their target price on shares of Lowe’s Companies from $245.00 to $240.00 and set a “hold” rating for the company in a research report on Wednesday, August 21st. StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, September 18th. Finally, Wells Fargo & Company decreased their target price on shares of Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating for the company in a research report on Wednesday, August 21st. Twelve analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $255.00.

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.