Ilmarinen Mutual Pension Insurance Co cut its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW – Get Rating) by 25.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 75,000 shares of the home improvement retailer’s stock after selling 25,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co’s holdings in Lowe’s Companies were worth $19,386,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the business. Pacifica Partners Inc. acquired a new stake in shares of Lowe’s Companies in the 4th quarter valued at $25,000. Bell Investment Advisors Inc acquired a new stake in shares of Lowe’s Companies in the 3rd quarter valued at $32,000. Moors & Cabot Inc. raised its holdings in shares of Lowe’s Companies by 80.7% in the 3rd quarter. Moors & Cabot Inc. now owns 32,000 shares of the home improvement retailer’s stock valued at $36,000 after purchasing an additional 14,288 shares in the last quarter. Consolidated Planning Corp acquired a new stake in shares of Lowe’s Companies in the 3rd quarter valued at $44,000. Finally, Tobam acquired a new stake in shares of Lowe’s Companies in the 3rd quarter valued at $50,000. Institutional investors own 75.46% of the company’s stock.
A number of equities research analysts have recently weighed in on LOW shares. Morgan Stanley raised their price objective on shares of Lowe’s Companies from $265.00 to $280.00 and gave the company an “overweight” rating in a report on Tuesday, January 18th. StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Thursday, May 5th. Citigroup lifted their price target on shares of Lowe’s Companies from $270.00 to $292.00 and gave the stock a “buy” rating in a research note on Tuesday, January 18th. Wells Fargo & Company cut their price target on shares of Lowe’s Companies from $295.00 to $260.00 and set an “overweight” rating on the stock in a research note on Thursday, April 7th. Finally, Loop Capital cut their price target on shares of Lowe’s Companies from $240.00 to $190.00 in a research note on Tuesday, April 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $260.80.
Lowe’s Companies (NYSE:LOW – Get Rating) last issued its earnings results on Wednesday, February 23rd. The home improvement retailer reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.06. The business had revenue of $21.34 billion for the quarter, compared to the consensus estimate of $20.91 billion. Lowe’s Companies had a net margin of 8.77% and a negative return on equity of 551.52%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.33 earnings per share. On average, equities analysts predict that Lowe’s Companies, Inc. will post 13.39 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 4th. Stockholders of record on Wednesday, April 20th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend was Tuesday, April 19th. Lowe’s Companies’s payout ratio is 26.73%.
Lowe’s Companies Profile (Get Rating)
Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States and internationally. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It 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, lighting, and electrical.
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