Resonant Capital Advisors LLC Cuts Position in Lowe’s Companies, Inc. (NYSE:LOW)

Resonant Capital Advisors LLC trimmed its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,324 shares of the home improvement retailer’s stock after selling 453 shares during the period. Resonant Capital Advisors LLC’s holdings in Lowe’s Companies were worth $2,298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Morgan Stanley raised its stake in Lowe’s Companies by 21.3% during the fourth quarter. Morgan Stanley now owns 11,690,606 shares of the home improvement retailer’s stock valued at $2,329,237,000 after purchasing an additional 2,050,089 shares in the last quarter. Norges Bank bought a new stake in shares of Lowe’s Companies in the 4th quarter valued at approximately $1,461,267,000. Northern Trust Corp boosted its holdings in shares of Lowe’s Companies by 1.1% in the 3rd quarter. Northern Trust Corp now owns 7,138,824 shares of the home improvement retailer’s stock worth $1,483,733,000 after purchasing an additional 78,901 shares during the period. Moneta Group Investment Advisors LLC increased its position in shares of Lowe’s Companies by 107,710.7% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 5,080,039 shares of the home improvement retailer’s stock valued at $1,012,147,000 after purchasing an additional 5,075,327 shares during the last quarter. Finally, Schroder Investment Management Group lifted its position in Lowe’s Companies by 189.5% in 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 buying an additional 1,831,727 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Stock Up 0.3 %

Shares of Lowe’s Companies stock traded up $0.59 during trading on Friday, reaching $229.38. The company’s stock had a trading volume of 1,342,403 shares, compared to its average volume of 2,535,643. The company has a 50-day simple moving average of $239.46 and a two-hundred day simple moving average of $218.46. Lowe’s Companies, Inc. has a 1-year low of $181.85 and a 1-year high of $262.49. The company has a market cap of $131.25 billion, a price-to-earnings ratio of 17.47, a P/E/G ratio of 1.69 and a beta of 1.13.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results 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 negative return on equity of 51.42% and a net margin of 8.94%. The business had revenue of $18.60 billion during the quarter, compared to the consensus estimate of $18.47 billion. During the same quarter last year, the company earned $2.28 earnings per share. The company’s quarterly revenue was down 17.1% on a year-over-year basis. As a group, analysts anticipate that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.92%. Lowe’s Companies’s dividend payout ratio is currently 33.43%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Oppenheimer reissued a “market perform” rating and issued a $230.00 price objective on shares of Lowe’s Companies in a research report on Monday, March 4th. Telsey Advisory Group reissued a “market perform” rating and set a $230.00 target price on shares of Lowe’s Companies in a research note on Wednesday, March 27th. Zelman & Associates reiterated a “neutral” rating and set a $265.00 price objective on shares of Lowe’s Companies in a report on Tuesday, April 2nd. StockNews.com downgraded shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, February 28th. Finally, Robert W. Baird upgraded Lowe’s Companies from an “average” rating to an “outperform” rating and set a $250.00 price target for the company in a report on Wednesday, February 14th. Fifteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $252.52.

Lowe’s Companies Company 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.