Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Kelman Lazarov Inc.

Kelman Lazarov Inc. lowered its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 19.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,106 shares of the home improvement retailer’s stock after selling 267 shares during the period. Kelman Lazarov Inc.’s holdings in Lowe’s Companies were worth $246,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Morgan Stanley lifted its position in shares of Lowe’s Companies by 1.1% in the third quarter. Morgan Stanley now owns 10,930,693 shares of the home improvement retailer’s stock worth $2,271,836,000 after purchasing an additional 116,855 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Lowe’s Companies by 1.1% in the third quarter. Northern Trust Corp now owns 7,138,824 shares of the home improvement retailer’s stock valued at $1,483,733,000 after buying an additional 78,901 shares during the period. Schroder Investment Management Group lifted its holdings in shares of Lowe’s Companies by 189.5% during the 3rd quarter. Schroder Investment Management Group now owns 2,798,268 shares of the home improvement retailer’s stock worth $581,592,000 after acquiring an additional 1,831,727 shares during the period. Ontario Teachers Pension Plan Board boosted 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 in the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of Lowe’s Companies in the fourth quarter valued at approximately $430,090,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

LOW has been the topic of several analyst reports. Wedbush increased their price objective on shares of Lowe’s Companies from $215.00 to $250.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. UBS Group boosted 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. Stifel Nicolaus cut their target price on Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating for the company in a research report on Friday, February 16th. Zelman & Associates reiterated a “neutral” rating and issued a $265.00 price target on shares of Lowe’s Companies in a research note on Tuesday, April 2nd. Finally, The Goldman Sachs Group upped their price objective on shares of Lowe’s Companies from $238.00 to $262.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. Fifteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $252.52.

Lowe’s Companies Price Performance

LOW stock traded up $1.65 during midday trading on Monday, hitting $231.89. 742,927 shares of the stock traded hands, compared to its average volume of 2,522,362. The firm has a market cap of $132.69 billion, a P/E ratio of 17.50, a PEG ratio of 1.70 and a beta of 1.13. Lowe’s Companies, Inc. has a 1-year low of $181.85 and a 1-year high of $262.49. The stock’s fifty day simple moving average is $239.62 and its 200-day simple moving average is $218.89.

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

Lowe’s Companies Dividend Announcement

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

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.