Woodstock Corp Boosts Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Woodstock Corp raised its position in Lowe’s Companies, Inc. (NYSE:LOWFree Report) by 0.4% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 13,561 shares of the home improvement retailer’s stock after buying an additional 59 shares during the quarter. Woodstock Corp’s holdings in Lowe’s Companies were worth $3,454,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of LOW. Paragon Private Wealth Management LLC raised its holdings in Lowe’s Companies by 13.5% during the fourth quarter. Paragon Private Wealth Management LLC now owns 4,880 shares of the home improvement retailer’s stock worth $1,086,000 after purchasing an additional 581 shares in the last quarter. ING Groep NV lifted its holdings in shares of Lowe’s Companies by 18,786.5% in the 4th quarter. ING Groep NV now owns 106,709 shares of the home improvement retailer’s stock valued at $23,748,000 after buying an additional 106,144 shares during the period. Clifford Swan Investment Counsel LLC boosted its stake in shares of Lowe’s Companies by 0.3% in the fourth quarter. Clifford Swan Investment Counsel LLC now owns 215,442 shares of the home improvement retailer’s stock valued at $47,947,000 after buying an additional 541 shares in the last quarter. Brevan Howard Capital Management LP grew its holdings in Lowe’s Companies by 824.6% during the fourth quarter. Brevan Howard Capital Management LP now owns 15,339 shares of the home improvement retailer’s stock worth $3,414,000 after acquiring an additional 13,680 shares during the period. Finally, Cary Street Partners Investment Advisory LLC raised its position in Lowe’s Companies by 1.2% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 45,072 shares of the home improvement retailer’s stock worth $10,031,000 after acquiring an additional 540 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on LOW. Stifel Nicolaus boosted their target price on shares of Lowe’s Companies from $225.00 to $250.00 and gave the stock a “hold” rating in a research report on Monday, May 13th. Telsey Advisory Group restated a “market perform” rating and set a $230.00 target price on shares of Lowe’s Companies in a research report on Tuesday, May 21st. Mizuho assumed coverage on shares of Lowe’s Companies in a research report on Tuesday, March 19th. They set a “buy” rating and a $280.00 price target for the company. Evercore ISI lowered their price target on Lowe’s Companies from $255.00 to $250.00 and set an “in-line” rating on the stock in a report on Wednesday, May 22nd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $246.00 price objective on shares of Lowe’s Companies in a research note on Wednesday, May 22nd. Fifteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Hold” and an average target price of $251.33.

Get Our Latest Stock Report on Lowe’s Companies

Lowe’s Companies Price Performance

LOW traded down $1.98 during trading on Thursday, hitting $225.79. The company’s stock had a trading volume of 567,005 shares, compared to its average volume of 2,424,472. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49. The stock has a market cap of $128.66 billion, a PE ratio of 18.29, a PEG ratio of 1.74 and a beta of 1.08. The firm’s 50 day moving average price is $226.37 and its 200-day moving average price is $227.64.

Lowe’s Companies (NYSE:LOWGet Free Report) last announced its quarterly earnings data on Tuesday, May 21st. The home improvement retailer reported $3.06 EPS for the quarter, beating analysts’ consensus estimates of $2.94 by $0.12. Lowe’s Companies had a negative return on equity of 48.52% and a net margin of 8.46%. The business had revenue of $21.36 billion during the quarter, compared to the consensus estimate of $21.14 billion. During the same quarter in the previous year, the business earned $3.67 earnings per share. The business’s revenue for the quarter was down 4.4% on a year-over-year basis. Equities analysts anticipate that Lowe’s Companies, Inc. will post 12.23 earnings per share for the current year.

Lowe’s Companies Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 7th. Stockholders of record on Wednesday, July 24th will be issued a dividend of $0.15 per share. The ex-dividend date is Wednesday, July 24th. This represents a $0.60 annualized dividend and a dividend yield of 0.27%. Lowe’s Companies’s payout ratio is currently 35.34%.

Lowe’s Companies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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