1900 Wealth Management LLC Decreases Stake in Lowe’s Companies, Inc. (NYSE:LOW)

1900 Wealth Management LLC cut its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,224 shares of the home improvement retailer’s stock after selling 154 shares during the quarter. 1900 Wealth Management LLC’s holdings in Lowe’s Companies were worth $718,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Ontario Teachers Pension Plan Board boosted its position in Lowe’s Companies by 187,225.6% during the third quarter. Ontario Teachers Pension Plan Board now owns 2,111,159 shares of the home improvement retailer’s stock worth $438,783,000 after purchasing an additional 2,110,032 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Lowe’s Companies during the fourth quarter worth $430,090,000. Schroder Investment Management Group boosted its position in Lowe’s Companies by 189.5% during the third quarter. Schroder Investment Management Group now owns 2,798,268 shares of the home improvement retailer’s stock worth $581,592,000 after purchasing an additional 1,831,727 shares in the last quarter. Aristotle Capital Management LLC boosted its position in Lowe’s Companies by 143.8% during the third quarter. Aristotle Capital Management LLC now owns 1,361,716 shares of the home improvement retailer’s stock worth $283,019,000 after purchasing an additional 803,216 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new stake in Lowe’s Companies during the third quarter worth $144,530,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LOW has been the topic of a number of analyst reports. Royal Bank of Canada increased their price objective on Lowe’s Companies from $190.00 to $246.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 28th. Wells Fargo & Company increased their price objective on Lowe’s Companies from $235.00 to $250.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Gordon Haskett reaffirmed a “hold” rating and set a $245.00 price objective on shares of Lowe’s Companies in a research note on Wednesday, April 3rd. The Goldman Sachs Group increased their target price on Lowe’s Companies from $238.00 to $262.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Finally, Morgan Stanley increased their target price on Lowe’s Companies from $240.00 to $250.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. Fifteen investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, Lowe’s Companies presently has an average rating of “Hold” and an average price target of $252.52.

Lowe’s Companies Stock Up 0.8 %

Shares of LOW traded up $1.93 during mid-day trading on Tuesday, hitting $232.06. The stock had a trading volume of 332,684 shares, compared to its average volume of 2,509,005. The company has a market cap of $132.78 billion, a PE ratio of 17.57, a PEG ratio of 1.70 and a beta of 1.13. The company’s fifty day simple moving average is $239.65 and its two-hundred day simple moving average is $219.11. Lowe’s Companies, Inc. has a fifty-two week low of $181.85 and a fifty-two week high of $262.49.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.09. The business 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 business’s revenue was down 17.1% on a year-over-year basis. During the same quarter last year, the business posted $2.28 EPS. Equities analysts expect that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

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