Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Azimuth Capital Investment Management LLC

Azimuth Capital Investment Management LLC lowered its stake in Lowe’s Companies, Inc. (NYSE:LOWFree Report) by 2.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 4,421 shares of the home improvement retailer’s stock after selling 91 shares during the period. Azimuth Capital Investment Management LLC’s holdings in Lowe’s Companies were worth $984,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Gamco Investors INC. ET AL boosted its stake in Lowe’s Companies by 7.6% during the 3rd quarter. Gamco Investors INC. ET AL now owns 3,097 shares of the home improvement retailer’s stock valued at $644,000 after purchasing an additional 220 shares during the period. Van ECK Associates Corp increased its stake in Lowe’s Companies by 0.6% in the 3rd quarter. Van ECK Associates Corp now owns 80,371 shares of the home improvement retailer’s stock valued at $16,705,000 after buying an additional 473 shares during the period. Campbell & CO Investment Adviser LLC acquired a new position in Lowe’s Companies in the 3rd quarter valued at approximately $635,000. Herold Advisors Inc. increased its stake in Lowe’s Companies by 9.7% in the 3rd quarter. Herold Advisors Inc. now owns 3,764 shares of the home improvement retailer’s stock valued at $782,000 after buying an additional 334 shares during the period. Finally, Canada Pension Plan Investment Board increased its stake in shares of Lowe’s Companies by 116.2% during the 3rd quarter. Canada Pension Plan Investment Board now owns 582,882 shares of the home improvement retailer’s stock worth $121,146,000 after purchasing an additional 313,304 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

LOW has been the subject of several recent analyst reports. The Goldman Sachs Group upped their price objective on shares of Lowe’s Companies from $238.00 to $262.00 and gave the stock a “buy” rating in a report on Tuesday, February 13th. Citigroup dropped their target price on shares of Lowe’s Companies from $243.00 to $240.00 and set a “neutral” rating for the company in a research report on Tuesday, May 7th. Robert W. Baird upgraded shares of Lowe’s Companies from an “average” rating to an “outperform” rating and set a $250.00 price objective for the company in a research report on Wednesday, February 14th. StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, May 22nd. Finally, Evercore ISI dropped their target price on shares of Lowe’s Companies from $255.00 to $250.00 and set an “in-line” rating for the company in a research report on Wednesday, May 22nd. Fourteen analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $251.33.

Check Out Our Latest Stock Analysis on LOW

Lowe’s Companies Trading Down 0.8 %

Shares of NYSE LOW traded down $1.78 during mid-day trading on Friday, hitting $216.67. The company had a trading volume of 1,602,454 shares, compared to its average volume of 2,473,379. The firm has a 50-day simple moving average of $229.21 and a two-hundred day simple moving average of $226.08. Lowe’s Companies, Inc. has a one year low of $181.85 and a one year high of $262.49. The company has a market capitalization of $123.47 billion, a PE ratio of 17.40, a price-to-earnings-growth ratio of 1.67 and a beta of 1.08.

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. The company had revenue of $21.36 billion during the quarter, compared to the consensus estimate of $21.14 billion. Lowe’s Companies had a net margin of 8.46% and a negative return on equity of 48.52%. The company’s quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter last year, the firm posted $3.67 EPS. Sell-side analysts expect that Lowe’s Companies, Inc. will post 12.23 earnings per share for the current fiscal year.

Lowe’s Companies Cuts Dividend

The company 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 is Wednesday, July 24th. This represents a $0.60 annualized dividend and a dividend yield of 0.28%. Lowe’s Companies’s dividend payout ratio is presently 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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