1,326 Shares in Lowe’s Companies, Inc. (NYSE:LOW) Purchased by Fountainhead AM LLC

Fountainhead AM LLC bought a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,326 shares of the home improvement retailer’s stock, valued at approximately $295,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ontario Teachers Pension Plan Board raised its position in Lowe’s Companies by 187,225.6% during the third quarter. Ontario Teachers Pension Plan Board now owns 2,111,159 shares of the home improvement retailer’s stock valued at $438,783,000 after acquiring an additional 2,110,032 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Lowe’s Companies in the fourth quarter valued at approximately $430,090,000. Schroder Investment Management Group increased its position in shares of Lowe’s Companies by 189.5% in the third quarter. Schroder Investment Management Group now owns 2,798,268 shares of the home improvement retailer’s stock valued at $581,592,000 after buying an additional 1,831,727 shares in the last quarter. Aristotle Capital Management LLC increased its position in shares of Lowe’s Companies by 143.8% in the third quarter. Aristotle Capital Management LLC now owns 1,361,716 shares of the home improvement retailer’s stock valued at $283,019,000 after buying an additional 803,216 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new stake in shares of Lowe’s Companies in the third quarter valued at approximately $144,530,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

LOW has been the subject of a number of recent analyst reports. Citigroup boosted their price objective on Lowe’s Companies from $199.00 to $236.00 and gave the company a “neutral” rating in a research report on Wednesday, February 21st. Mizuho initiated coverage on Lowe’s Companies in a research report on Tuesday, March 19th. They issued a “buy” rating and a $280.00 price objective for the company. DA Davidson restated a “neutral” rating and issued a $270.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, March 27th. Zelman & Associates restated a “neutral” rating and issued a $265.00 price objective on shares of Lowe’s Companies in a research report on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. boosted their price objective on Lowe’s Companies from $265.00 to $268.00 and gave the company an “overweight” rating in a research 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 company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $252.52.

Lowe’s Companies Stock Performance

Shares of Lowe’s Companies stock traded up $2.46 during trading hours on Tuesday, hitting $233.69. The company’s stock had a trading volume of 2,189,739 shares, compared to its average volume of 2,533,403. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49. The firm has a fifty day moving average of $239.82 and a 200-day moving average of $219.35. The stock has a market cap of $133.72 billion, a price-to-earnings ratio of 17.76, a P/E/G ratio of 1.70 and a beta of 1.13.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $18.60 billion for the quarter, compared to analyst estimates of $18.47 billion. During the same quarter in the prior year, the company earned $2.28 EPS. Lowe’s Companies’s revenue was down 17.1% on a year-over-year basis. On average, sell-side analysts expect that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $4.40 annualized dividend and a yield of 1.88%. Lowe’s Companies’s dividend payout ratio (DPR) is 33.43%.

Lowe’s Companies Company 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.