Tokio Marine Asset Management Co. Ltd. Buys 338 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,875 shares of the home improvement retailer’s stock after acquiring an additional 338 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Lowe’s Companies were worth $2,865,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wetzel Investment Advisors Inc. bought a new position in shares of Lowe’s Companies in the fourth quarter worth about $25,000. Orion Capital Management LLC purchased a new stake in Lowe’s Companies during the 3rd quarter valued at approximately $26,000. VisionPoint Advisory Group LLC raised its position in shares of Lowe’s Companies by 85.4% during the third quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock valued at $32,000 after buying an additional 70 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new position in shares of Lowe’s Companies in the third quarter worth $40,000. Finally, McGlone Suttner Wealth Management Inc. bought a new position in shares of Lowe’s Companies during the fourth quarter worth $47,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Down 0.3 %

Shares of NYSE LOW traded down $0.67 during mid-day trading on Thursday, reaching $229.62. 683,816 shares of the company were exchanged, compared to its average volume of 2,496,734. The firm has a 50-day moving average of $239.88 and a 200 day moving average of $219.43. Lowe’s Companies, Inc. has a 1 year low of $181.85 and a 1 year high of $262.49. The stock has a market cap of $131.39 billion, a price-to-earnings ratio of 17.50, a P/E/G ratio of 1.73 and a beta of 1.13.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS for the quarter, beating 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 business had revenue of $18.60 billion during the quarter, compared to analyst estimates of $18.47 billion. During the same period in the prior year, the firm posted $2.28 earnings per share. The company’s quarterly revenue was down 17.1% on a year-over-year basis. On average, equities analysts forecast that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lowe’s Companies’s payout ratio is presently 33.43%.

Wall Street Analysts Forecast Growth

LOW has been the topic of a number of research reports. Wedbush lifted their price target 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. JPMorgan Chase & Co. boosted their target price on Lowe’s Companies from $265.00 to $268.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. Barclays lifted their price objective on Lowe’s Companies from $203.00 to $229.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 4th. Royal Bank of Canada boosted their price target 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. Finally, Gordon Haskett reiterated a “hold” rating and set a $245.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, April 3rd. Fifteen analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $252.52.

Lowe’s Companies 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.