Catalyst Financial Partners LLC Sells 702 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Catalyst Financial Partners LLC lowered its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 14.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,217 shares of the home improvement retailer’s stock after selling 702 shares during the period. Catalyst Financial Partners LLC’s holdings in Lowe’s Companies were worth $938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of LOW. Private Management Group Inc. boosted its stake in Lowe’s Companies by 4.0% in the 4th quarter. Private Management Group Inc. now owns 1,205 shares of the home improvement retailer’s stock worth $268,000 after buying an additional 46 shares during the last quarter. First Command Advisory Services Inc. increased its stake in Lowe’s Companies by 1.9% during the fourth quarter. First Command Advisory Services Inc. now owns 2,590 shares of the home improvement retailer’s stock worth $576,000 after acquiring an additional 48 shares during the last quarter. Hamilton Capital LLC raised its holdings in shares of Lowe’s Companies by 2.1% in the 3rd quarter. Hamilton Capital LLC now owns 2,439 shares of the home improvement retailer’s stock worth $507,000 after purchasing an additional 49 shares during the period. Abundance Wealth Counselors lifted its stake in shares of Lowe’s Companies by 0.8% in the 4th quarter. Abundance Wealth Counselors now owns 6,671 shares of the home improvement retailer’s stock valued at $1,485,000 after purchasing an additional 50 shares in the last quarter. Finally, YHB Investment Advisors Inc. increased its position in Lowe’s Companies by 0.6% during the 4th quarter. YHB Investment Advisors Inc. now owns 9,013 shares of the home improvement retailer’s stock worth $2,006,000 after purchasing an additional 50 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Trading Up 1.8 %

Lowe’s Companies stock traded up $4.13 during mid-day trading on Thursday, hitting $236.20. 1,651,555 shares of the company’s stock were exchanged, compared to its average volume of 2,436,139. Lowe’s Companies, Inc. has a 1-year low of $181.85 and a 1-year high of $262.49. The stock has a 50 day moving average of $239.86 and a two-hundred day moving average of $221.76. The stock has a market cap of $135.15 billion, a P/E ratio of 17.94, a P/E/G ratio of 1.72 and a beta of 1.15.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.09. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The company had revenue of $18.60 billion for the quarter, compared to the consensus estimate of $18.47 billion. The firm’s revenue was down 17.1% compared to the same quarter last year. During the same period last year, the business posted $2.28 earnings per share. As a group, research analysts predict that Lowe’s Companies, Inc. will post 12.21 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th were paid a dividend of $1.10 per share. The ex-dividend date was Tuesday, April 23rd. This represents a $4.40 dividend on an annualized basis and a yield of 1.86%. Lowe’s Companies’s dividend payout ratio is currently 33.43%.

Analysts Set New Price Targets

LOW has been the subject of a number of analyst reports. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $230.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, March 27th. Robert W. Baird raised shares of Lowe’s Companies from an “average” rating to an “outperform” rating and set a $250.00 target price for the company in a research report on Wednesday, February 14th. Stifel Nicolaus decreased their price target on Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating for the company in a research note on Friday, February 16th. JPMorgan Chase & Co. upped their price objective on Lowe’s Companies from $265.00 to $268.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. Finally, Morgan Stanley increased their target price on Lowe’s Companies from $240.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Fifteen research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Lowe’s Companies currently has a consensus rating of “Hold” and a consensus target price of $252.67.

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.