Interchange Capital Partners LLC Sells 234 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Interchange Capital Partners LLC trimmed its position in Lowe’s Companies, Inc. (NYSE:LOW) by 22.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 815 shares of the home improvement retailer’s stock after selling 234 shares during the quarter. Interchange Capital Partners LLC’s holdings in Lowe’s Companies were worth $201,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Woodmont Investment Counsel LLC increased its holdings in Lowe’s Companies by 3.7% during the 4th quarter. Woodmont Investment Counsel LLC now owns 2,786 shares of the home improvement retailer’s stock valued at $688,000 after purchasing an additional 100 shares in the last quarter. Angeles Investment Advisors LLC grew its stake in shares of Lowe’s Companies by 5.5% during the 4th quarter. Angeles Investment Advisors LLC now owns 2,587 shares of the home improvement retailer’s stock worth $638,000 after acquiring an additional 135 shares in the last quarter. Mountain Hill Investment Partners Corp. acquired a new position in Lowe’s Companies during the fourth quarter worth $137,000. Horrell Capital Management Inc. boosted its stake in shares of Lowe’s Companies by 0.3% during the 4th quarter. Horrell Capital Management Inc. now owns 26,803 shares of the home improvement retailer’s stock worth $6,615,000 after buying an additional 76 shares during the last quarter. Finally, Crowley Wealth Management Inc. bought a new position in Lowe’s Companies in the fourth quarter valued at approximately $5,654,000. 74.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on LOW shares. Mizuho cut their price objective on Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. Stifel Nicolaus increased their price objective on Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Bank of America cut their price objective on shares of Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Telsey Advisory Group restated an “outperform” rating and set a $305.00 price objective on shares of Lowe’s Companies in a research note on Wednesday, February 26th. Finally, StockNews.com downgraded shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, March 11th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $279.71.

Lowe’s Companies Stock Up 2.6 %

Shares of NYSE LOW opened at $233.01 on Tuesday. The firm has a market cap of $131.57 billion, a PE ratio of 19.43, a P/E/G ratio of 1.96 and a beta of 1.12. The company’s fifty day simple moving average is $247.67 and its 200 day simple moving average is $257.80. Lowe’s Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The company had revenue of $18.55 billion for the quarter, compared to analysts’ expectations of $18.29 billion. On average, equities analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be issued a dividend of $1.15 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a dividend yield of 1.97%. Lowe’s Companies’s dividend payout ratio is 37.67%.

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.