Dividend Assets Capital LLC reduced its position in Lowe’s Companies, Inc. (NYSE:LOW) by 1.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,135 shares of the home improvement retailer’s stock after selling 120 shares during the period. Dividend Assets Capital LLC’s holdings in Lowe’s Companies were worth $2,118,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of LOW. Norges Bank purchased a new stake in Lowe’s Companies in the 4th quarter valued at $1,285,445,000. FMR LLC increased its position in shares of Lowe’s Companies by 10.7% during the 4th quarter. FMR LLC now owns 30,352,415 shares of the home improvement retailer’s stock valued at $4,871,866,000 after purchasing an additional 2,940,777 shares during the last quarter. Maj Invest Holding A S increased its position in shares of Lowe’s Companies by 106.9% during the 4th quarter. Maj Invest Holding A S now owns 1,934,106 shares of the home improvement retailer’s stock valued at $310,443,000 after purchasing an additional 999,428 shares during the last quarter. Lazard Asset Management LLC increased its holdings in Lowe’s Companies by 17.8% in the 4th quarter. Lazard Asset Management LLC now owns 6,502,725 shares of the home improvement retailer’s stock worth $1,043,751,000 after acquiring an additional 982,465 shares during the last quarter. Finally, Morgan Stanley increased its holdings in Lowe’s Companies by 15.6% in the 4th quarter. Morgan Stanley now owns 5,819,866 shares of the home improvement retailer’s stock worth $934,149,000 after acquiring an additional 783,731 shares during the last quarter. Institutional investors own 76.11% of the company’s stock.
In related news, Director David H. Batchelder bought 6,250 shares of the stock in a transaction dated Friday, February 26th. The shares were acquired at an average cost of $159.48 per share, for a total transaction of $996,750.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.07% of the company’s stock.
Shares of Lowe’s Companies stock traded down $0.64 during trading on Tuesday, reaching $198.56. The company’s stock had a trading volume of 33,024 shares, compared to its average volume of 4,030,384. The company has a quick ratio of 0.57, a current ratio of 1.38 and a debt-to-equity ratio of 5.20. The company has a market cap of $142.40 billion, a price-to-earnings ratio of 28.01, a P/E/G ratio of 1.18 and a beta of 1.37. Lowe’s Companies, Inc. has a 1-year low of $102.83 and a 1-year high of $208.98. The company has a 50-day simple moving average of $192.90 and a two-hundred day simple moving average of $171.72.
Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Tuesday, February 23rd. The home improvement retailer reported $1.33 EPS for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.12. The company had revenue of $20.31 billion during the quarter, compared to analysts’ expectations of $19.54 billion. Lowe’s Companies had a return on equity of 211.33% and a net margin of 6.29%. During the same quarter in the previous year, the firm posted $0.94 EPS. As a group, analysts anticipate that Lowe’s Companies, Inc. will post 8.7 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 5th. Shareholders of record on Wednesday, April 21st will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, April 20th. This represents a $2.40 annualized dividend and a yield of 1.21%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 41.96%.
A number of analysts have recently issued reports on the company. Royal Bank of Canada lifted their price target on Lowe’s Companies from $203.00 to $206.00 in a research report on Thursday, February 25th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their price target on Lowe’s Companies from $195.00 to $239.00 and gave the company a “buy” rating in a research report on Tuesday. Gordon Haskett upgraded Lowe’s Companies from an “accumulate” rating to a “buy” rating and set a $202.00 price target for the company in a research report on Wednesday, March 3rd. Citigroup started coverage on Lowe’s Companies in a report on Monday, March 15th. They set a “buy” rating and a $195.00 price objective on the stock. Finally, Wells Fargo & Company raised their price objective on Lowe’s Companies from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Monday, March 29th. They noted that the move was a valuation call. Six research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. Lowe’s Companies has a consensus rating of “Buy” and an average price target of $183.54.
Lowe’s Companies Profile
Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States and internationally. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as appliances, dÃ©cor, paint, hardware, millwork, lawn and garden, lighting, lumber and building materials, flooring, kitchens and bath, rough plumbing and electrical, seasonal and outdoor living, and tools.
Featured Story: Relative Strength Index
Want to see what other hedge funds are holding LOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lowe’s Companies, Inc. (NYSE:LOW).
Receive News & Ratings for Lowe's Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies and related companies with MarketBeat.com's FREE daily email newsletter.