Lowe’s Companies, Inc. (NYSE:LOW) Shares Bought by Huntington National Bank

Huntington National Bank lifted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 145,719 shares of the home improvement retailer’s stock after purchasing an additional 985 shares during the period. Huntington National Bank’s holdings in Lowe’s Companies were worth $35,963,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. IFS Advisors LLC acquired a new position in Lowe’s Companies in the fourth quarter valued at approximately $25,000. Legacy Investment Solutions LLC purchased a new stake in shares of Lowe’s Companies during the 3rd quarter worth approximately $27,000. Winch Advisory Services LLC boosted its holdings in shares of Lowe’s Companies by 56.4% in the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after buying an additional 44 shares in the last quarter. Marshall Investment Management LLC purchased a new position in shares of Lowe’s Companies in the 4th quarter valued at $31,000. Finally, Caisse Des Depots ET Consignations purchased a new position in shares of Lowe’s Companies in the 4th quarter valued at $33,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Price Performance

Shares of LOW stock opened at $233.72 on Wednesday. Lowe’s Companies, Inc. has a 1-year low of $211.80 and a 1-year high of $287.01. The business’s fifty day moving average price is $244.40 and its 200 day moving average price is $257.09. The firm has a market capitalization of $130.82 billion, a PE ratio of 19.49, a P/E/G ratio of 1.96 and a beta of 1.12.

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

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be issued a dividend of $1.15 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a yield of 1.97%. Lowe’s Companies’s dividend payout ratio is presently 37.67%.

Wall Street Analyst Weigh In

Several research firms have issued reports on LOW. Royal Bank of Canada decreased their price objective on shares of Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating for the company in a research note on Thursday, February 27th. Guggenheim reissued a “buy” rating and issued a $300.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. BNP Paribas raised Lowe’s Companies to a “strong sell” rating in a research report on Thursday, February 27th. Bank of America decreased their price objective on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Finally, Stifel Nicolaus lifted their target price on shares of Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $279.71.

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.