International Assets Investment Management LLC Sells 1,078 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

International Assets Investment Management LLC reduced its holdings in Lowe’s Companies, Inc. (NYSE:LOWFree Report) by 1.0% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 107,172 shares of the home improvement retailer’s stock after selling 1,078 shares during the quarter. Lowe’s Companies accounts for about 0.8% of International Assets Investment Management LLC’s investment portfolio, making the stock its 15th largest position. International Assets Investment Management LLC’s holdings in Lowe’s Companies were worth $27,300,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. WINTON GROUP Ltd purchased a new position in Lowe’s Companies during the third quarter valued at $344,000. Dark Forest Capital Management LP increased its holdings in shares of Lowe’s Companies by 201.1% in the 3rd quarter. Dark Forest Capital Management LP now owns 3,180 shares of the home improvement retailer’s stock worth $661,000 after purchasing an additional 2,124 shares in the last quarter. Clearbridge Investments LLC increased its holdings in shares of Lowe’s Companies by 7.8% in the 3rd quarter. Clearbridge Investments LLC now owns 334,712 shares of the home improvement retailer’s stock worth $69,567,000 after purchasing an additional 24,100 shares in the last quarter. LPL Financial LLC increased its holdings in shares of Lowe’s Companies by 7.3% in the 3rd quarter. LPL Financial LLC now owns 666,047 shares of the home improvement retailer’s stock worth $138,431,000 after purchasing an additional 45,135 shares in the last quarter. Finally, Stifel Financial Corp increased its holdings in shares of Lowe’s Companies by 2.5% in the 3rd quarter. Stifel Financial Corp now owns 700,283 shares of the home improvement retailer’s stock worth $145,555,000 after purchasing an additional 17,176 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on LOW. StockNews.com lowered Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Tuesday, June 18th. Zelman & Associates reaffirmed a “neutral” rating and issued a $265.00 price objective on shares of Lowe’s Companies in a report on Tuesday, April 2nd. Evercore ISI lowered their target price on Lowe’s Companies from $255.00 to $250.00 and set an “in-line” rating on the stock in a research report on Wednesday, May 22nd. Citigroup lowered their target price on Lowe’s Companies from $243.00 to $240.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 7th. Finally, Oppenheimer reiterated a “market perform” rating and set a $230.00 target price on shares of Lowe’s Companies in a research report on Monday, March 4th. Fifteen equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $251.33.

View Our Latest Stock Analysis on LOW

Lowe’s Companies Trading Up 0.5 %

Shares of LOW traded up $1.06 during mid-day trading on Friday, hitting $228.59. 3,627,458 shares of the company’s stock were exchanged, compared to its average volume of 2,157,706. Lowe’s Companies, Inc. has a fifty-two week low of $181.85 and a fifty-two week high of $262.49. The firm has a market capitalization of $130.26 billion, a P/E ratio of 18.36, a P/E/G ratio of 1.74 and a beta of 1.08. The business’s 50 day moving average is $226.15 and its two-hundred day moving average is $227.94.

Lowe’s Companies (NYSE:LOWGet Free Report) last posted its quarterly earnings results on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.94 by $0.12. Lowe’s Companies had a net margin of 8.46% and a negative return on equity of 48.52%. The firm had revenue of $21.36 billion during the quarter, compared to analysts’ expectations of $21.14 billion. During the same period in the prior year, the company posted $3.67 earnings per share. The firm’s revenue for the quarter was down 4.4% on a year-over-year basis. On average, equities research analysts forecast that Lowe’s Companies, Inc. will post 12.23 earnings per share for the current year.

Lowe’s Companies Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 7th. Stockholders of record on Wednesday, July 24th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, July 24th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.26%. Lowe’s Companies’s dividend payout ratio (DPR) is 35.34%.

About Lowe’s Companies

(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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