Pittenger & Anderson Inc. Reduces Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Pittenger & Anderson Inc. cut its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 78,364 shares of the home improvement retailer’s stock after selling 256 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Lowe’s Companies were worth $17,440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Lyell Wealth Management LP boosted its holdings in Lowe’s Companies by 107.7% during the 4th quarter. Lyell Wealth Management LP now owns 4,533 shares of the home improvement retailer’s stock valued at $1,009,000 after acquiring an additional 2,350 shares during the period. GHE LLC boosted its holdings in Lowe’s Companies by 0.8% during the 4th quarter. GHE LLC now owns 24,286 shares of the home improvement retailer’s stock valued at $5,405,000 after acquiring an additional 190 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its holdings in Lowe’s Companies by 2.7% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 12,875 shares of the home improvement retailer’s stock valued at $2,865,000 after acquiring an additional 338 shares during the period. Atria Wealth Solutions Inc. lifted its holdings in Lowe’s Companies by 12.8% in the 4th quarter. Atria Wealth Solutions Inc. now owns 36,683 shares of the home improvement retailer’s stock worth $8,164,000 after buying an additional 4,152 shares during the period. Finally, Wynn Capital LLC purchased a new stake in Lowe’s Companies in the 4th quarter worth approximately $824,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Royal Bank of Canada increased their price objective on Lowe’s Companies from $190.00 to $246.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 28th. Wells Fargo & Company increased their price objective on Lowe’s Companies from $235.00 to $250.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. UBS Group increased their price objective on Lowe’s Companies from $250.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. DA Davidson reiterated a “neutral” rating and issued a $270.00 price objective on shares of Lowe’s Companies in a report on Wednesday, March 27th. Finally, Wedbush increased their price objective on Lowe’s Companies from $215.00 to $250.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Fifteen equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $252.52.

Lowe’s Companies Trading Up 0.5 %

LOW traded up $1.14 during trading on Friday, hitting $231.10. 826,602 shares of the company’s stock traded hands, compared to its average volume of 2,492,261. The company’s 50 day simple moving average is $239.92 and its two-hundred day simple moving average is $219.50. Lowe’s Companies, Inc. has a 12-month low of $181.85 and a 12-month high of $262.49. The stock has a market capitalization of $132.23 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 1.70 and a beta of 1.13.

Lowe’s Companies (NYSE:LOW) last issued its 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. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The business had revenue of $18.60 billion for the quarter, compared to the consensus estimate of $18.47 billion. During the same period last year, the business posted $2.28 EPS. The company’s revenue was down 17.1% compared to the same quarter last year. On average, equities analysts expect that Lowe’s Companies, Inc. will post 12.21 EPS for the current year.

Lowe’s Companies Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 1.90%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 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.