Hyman Charles D Purchases 455 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Hyman Charles D increased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 16.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,300 shares of the home improvement retailer’s stock after purchasing an additional 455 shares during the quarter. Hyman Charles D’s holdings in Lowe’s Companies were worth $734,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Ontario Teachers Pension Plan Board grew its stake in Lowe’s Companies by 187,225.6% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 2,111,159 shares of the home improvement retailer’s stock valued at $438,783,000 after buying an additional 2,110,032 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Lowe’s Companies in the 4th quarter valued at about $430,090,000. Schroder Investment Management Group grew its stake in Lowe’s Companies by 189.5% in the 3rd quarter. Schroder Investment Management Group now owns 2,798,268 shares of the home improvement retailer’s stock valued at $581,592,000 after buying an additional 1,831,727 shares during the last quarter. Aristotle Capital Management LLC grew its stake in Lowe’s Companies by 143.8% in the 3rd quarter. Aristotle Capital Management LLC now owns 1,361,716 shares of the home improvement retailer’s stock valued at $283,019,000 after buying an additional 803,216 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of Lowe’s Companies during the 3rd quarter worth approximately $144,530,000. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Stock Down 0.1 %

Shares of LOW stock traded down $0.25 during trading hours on Tuesday, hitting $231.45. 1,912,237 shares of the company’s stock traded hands, compared to its average volume of 2,453,542. The stock’s 50 day simple moving average is $240.00 and its 200 day simple moving average is $221.68. The stock has a market cap of $132.43 billion, a PE ratio of 17.59, a price-to-earnings-growth ratio of 1.72 and a beta of 1.15. Lowe’s Companies, Inc. has a 12 month low of $181.85 and a 12 month high of $262.49.

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

Lowe’s Companies Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Robert W. Baird upgraded shares of Lowe’s Companies from an “average” rating to an “outperform” rating and set a $250.00 target price on the stock in a research report on Wednesday, February 14th. UBS Group increased their target price on shares of Lowe’s Companies from $250.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. The Goldman Sachs Group increased their target price on shares of Lowe’s Companies from $238.00 to $262.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Stifel Nicolaus decreased their target price on shares of Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating on the stock in a research report on Friday, February 16th. Finally, Royal Bank of Canada increased their target price on shares of Lowe’s Companies from $190.00 to $246.00 and gave the stock a “sector perform” 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.com, Lowe’s Companies presently has a consensus rating of “Hold” and a consensus target price of $252.67.

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.