Lowe’s Companies, Inc. (NYSE:LOW) Position Boosted by Davidson Trust Co.

Davidson Trust Co. grew its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,717 shares of the home improvement retailer’s stock after purchasing an additional 148 shares during the period. Davidson Trust Co.’s holdings in Lowe’s Companies were worth $605,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Orion Capital Management LLC bought a new position in shares of Lowe’s Companies during the 3rd quarter valued at about $26,000. VisionPoint Advisory Group LLC boosted its position in shares of Lowe’s Companies by 85.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 70 shares in the last quarter. Sanctuary Wealth Management L.L.C. bought a new position in shares of Lowe’s Companies during the 4th quarter valued at about $35,000. Itau Unibanco Holding S.A. bought a new position in shares of Lowe’s Companies during the 3rd quarter valued at about $40,000. Finally, True Wealth Design LLC bought a new position in shares of Lowe’s Companies during the 4th quarter valued at about $42,000. Institutional investors own 74.06% of the company’s stock.

Analyst Ratings Changes

LOW has been the subject of a number of analyst reports. Mizuho initiated coverage on shares of Lowe’s Companies in a research note on Tuesday, March 19th. They set a “buy” rating and a $280.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on shares of Lowe’s Companies from $265.00 to $268.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. Zelman & Associates reaffirmed a “neutral” rating and set a $265.00 price objective on shares of Lowe’s Companies in a research note on Tuesday, April 2nd. Citigroup upped their price objective on shares of Lowe’s Companies from $199.00 to $236.00 and gave the company a “neutral” rating in a research note on Wednesday, February 21st. Finally, Evercore ISI reduced their price target on shares of Lowe’s Companies from $280.00 to $275.00 and set an “in-line” rating for the company in a research report on Tuesday. Fifteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $252.52.

Lowe’s Companies Stock Up 1.0 %

LOW stock traded up $2.23 during midday trading on Friday, hitting $231.02. 811,990 shares of the company traded hands, compared to its average volume of 2,528,729. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49. The business has a 50 day simple moving average of $239.46 and a 200-day simple moving average of $218.46. The stock has a market capitalization of $132.19 billion, a price-to-earnings ratio of 17.55, a price-to-earnings-growth ratio of 1.69 and a beta of 1.13.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS for the quarter, beating the consensus estimate of $1.68 by $0.09. The company had revenue of $18.60 billion for the quarter, compared to the consensus estimate of $18.47 billion. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The company’s revenue for the quarter was down 17.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.28 earnings per share. Equities research analysts forecast that Lowe’s Companies, Inc. will post 12.21 EPS for the current year.

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be paid a $1.10 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $4.40 annualized dividend and a dividend yield of 1.90%. Lowe’s Companies’s payout ratio is 33.43%.

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.