Duncker Streett & Co. Inc. Cuts Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Duncker Streett & Co. Inc. reduced its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 6.4% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 23,202 shares of the home improvement retailer’s stock after selling 1,584 shares during the quarter. Lowe’s Companies accounts for approximately 1.1% of Duncker Streett & Co. Inc.’s portfolio, making the stock its 25th largest holding. Duncker Streett & Co. Inc.’s holdings in Lowe’s Companies were worth $5,726,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Klingenstein Fields & Co. LP lifted its holdings in Lowe’s Companies by 1.0% during the fourth quarter. Klingenstein Fields & Co. LP now owns 4,101 shares of the home improvement retailer’s stock valued at $1,012,000 after purchasing an additional 39 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. lifted its holdings in Lowe’s Companies by 0.5% during the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 7,460 shares of the home improvement retailer’s stock valued at $2,021,000 after purchasing an additional 40 shares during the last quarter. Saxony Capital Management LLC lifted its holdings in Lowe’s Companies by 4.2% during the fourth quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer’s stock valued at $245,000 after purchasing an additional 40 shares during the last quarter. Powers Advisory Group LLC lifted its holdings in Lowe’s Companies by 2.7% during the fourth quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer’s stock valued at $380,000 after purchasing an additional 40 shares during the last quarter. Finally, Chicago Partners Investment Group LLC lifted its holdings in Lowe’s Companies by 1.6% during the third quarter. Chicago Partners Investment Group LLC now owns 2,604 shares of the home improvement retailer’s stock valued at $703,000 after purchasing an additional 41 shares during the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Price Performance

Shares of NYSE LOW opened at $248.71 on Friday. Lowe’s Companies, Inc. has a one year low of $211.80 and a one year high of $287.01. The firm’s 50 day simple moving average is $252.52 and its two-hundred day simple moving average is $259.05. The stock has a market capitalization of $140.43 billion, a P/E ratio of 20.74, a PEG ratio of 1.96 and a beta of 1.11.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.10. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The business had revenue of $18.55 billion for the quarter, compared to analysts’ expectations of $18.29 billion. As a group, equities analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LOW has been the topic of several recent research reports. Guggenheim reaffirmed a “buy” rating and set a $300.00 price objective on shares of Lowe’s Companies in a report on Thursday, December 12th. DA Davidson increased their price target on shares of Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a report on Wednesday, November 20th. Evercore ISI increased their price target on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a report on Thursday, December 12th. Stifel Nicolaus increased their price target on shares of Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $305.00 price target on shares of Lowe’s Companies in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus price target of $280.83.

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.