Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Dover Advisors LLC

Dover Advisors LLC trimmed its position in Lowe’s Companies, Inc. (NYSE:LOW) by 20.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,198 shares of the home improvement retailer’s stock after selling 1,809 shares during the quarter. Lowe’s Companies makes up 2.1% of Dover Advisors LLC’s investment portfolio, making the stock its 12th largest position. Dover Advisors LLC’s holdings in Lowe’s Companies were worth $1,602,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Wetzel Investment Advisors Inc. purchased a new stake in Lowe’s Companies during the 4th quarter worth about $25,000. Orion Capital Management LLC purchased a new stake in Lowe’s Companies during the third quarter worth approximately $26,000. VisionPoint Advisory Group LLC boosted its holdings in Lowe’s Companies by 85.4% in the third quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 70 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new position in Lowe’s Companies in the third quarter valued at approximately $40,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Lowe’s Companies during the 4th quarter worth approximately $47,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Price Performance

LOW traded down $0.09 during trading on Friday, reaching $229.87. 2,001,196 shares of the stock were exchanged, compared to its average volume of 2,110,073. The company has a market capitalization of $131.53 billion, a price-to-earnings ratio of 17.47, a P/E/G ratio of 1.70 and a beta of 1.13. Lowe’s Companies, Inc. has a 1 year low of $181.85 and a 1 year high of $262.49. The business’s 50 day moving average price is $239.98 and its two-hundred day moving average price is $219.94.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.09. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The business had revenue of $18.60 billion during the quarter, compared to analysts’ expectations of $18.47 billion. During the same period last year, the company posted $2.28 EPS. The company’s revenue was down 17.1% on a year-over-year basis. On average, analysts anticipate that Lowe’s Companies, Inc. will post 12.21 EPS for the current year.

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio is presently 33.43%.

Analyst Ratings Changes

LOW has been the topic of a number of recent analyst reports. Wedbush increased their target price on shares of Lowe’s Companies from $215.00 to $250.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Royal Bank of Canada lifted their price target on Lowe’s Companies from $190.00 to $246.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 28th. Telsey Advisory Group reissued a “market perform” rating and issued a $230.00 price objective on shares of Lowe’s Companies in a report on Wednesday, March 27th. Stifel Nicolaus reduced their price target on shares of Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating for the company in a research report on Friday, February 16th. Finally, Wells Fargo & Company lifted their price objective on shares of Lowe’s Companies from $235.00 to $250.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Fifteen research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Lowe’s Companies currently has a consensus rating of “Hold” and a consensus price target of $252.52.

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.