Richwood Investment Advisors LLC Has $1.48 Million Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Richwood Investment Advisors LLC trimmed its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,007 shares of the home improvement retailer’s stock after selling 242 shares during the period. Lowe’s Companies accounts for approximately 1.2% of Richwood Investment Advisors LLC’s investment portfolio, making the stock its 18th biggest position. Richwood Investment Advisors LLC’s holdings in Lowe’s Companies were worth $1,483,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Blueprint Investment Partners LLC boosted its position in Lowe’s Companies by 20.1% during the fourth quarter. Blueprint Investment Partners LLC now owns 3,440 shares of the home improvement retailer’s stock worth $849,000 after purchasing an additional 576 shares during the period. Somerset Group LLC boosted its position in Lowe’s Companies by 2.5% during the fourth quarter. Somerset Group LLC now owns 4,106 shares of the home improvement retailer’s stock worth $1,013,000 after purchasing an additional 100 shares during the period. KLP Kapitalforvaltning AS bought a new position in Lowe’s Companies during the fourth quarter worth $47,485,000. Sfmg LLC boosted its position in Lowe’s Companies by 8.7% during the fourth quarter. Sfmg LLC now owns 5,387 shares of the home improvement retailer’s stock worth $1,329,000 after purchasing an additional 433 shares during the period. Finally, Sei Investments Co. boosted its position in Lowe’s Companies by 1.2% during the fourth quarter. Sei Investments Co. now owns 519,327 shares of the home improvement retailer’s stock worth $128,166,000 after purchasing an additional 5,991 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Trading Up 0.4 %

Shares of NYSE LOW opened at $227.09 on Friday. The company has a market cap of $128.23 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 1.96 and a beta of 1.12. Lowe’s Companies, Inc. has a 12 month low of $211.80 and a 12 month high of $287.01. The stock has a 50-day moving average price of $247.99 and a two-hundred day moving average price of $257.79.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, topping the consensus estimate of $1.83 by $0.10. The firm had revenue of $18.55 billion during the quarter, compared to the consensus estimate of $18.29 billion. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. On average, sell-side analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 2.03%. Lowe’s Companies’s dividend payout ratio is currently 37.67%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Guggenheim reaffirmed a “buy” rating and set a $300.00 price objective on shares of Lowe’s Companies in a research report on Thursday, December 12th. Evercore ISI lifted their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research report on Thursday, December 12th. BNP Paribas raised shares of Lowe’s Companies to a “strong sell” rating in a research report on Thursday, February 27th. Wedbush reissued a “neutral” rating and issued a $250.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. Finally, Bank of America reduced their target price on shares of Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, Lowe’s Companies currently has an average rating of “Moderate Buy” and an average price target of $280.83.

About Lowe’s Companies

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.