Lowe’s Companies, Inc. (NYSE:LOW) Shares Bought by Connecticut Wealth Management LLC

Connecticut Wealth Management LLC lifted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 268.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,105 shares of the home improvement retailer’s stock after purchasing an additional 3,720 shares during the quarter. Connecticut Wealth Management LLC’s holdings in Lowe’s Companies were worth $1,136,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Wetzel Investment Advisors Inc. purchased a new stake in shares of Lowe’s Companies in the fourth quarter worth about $25,000. Orion Capital Management LLC acquired a new stake in shares of Lowe’s Companies during the 3rd quarter worth approximately $26,000. VisionPoint Advisory Group LLC increased its holdings in shares of Lowe’s Companies by 85.4% during the 3rd 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. acquired a new position in shares of Lowe’s Companies in the 3rd quarter valued at $40,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new stake in Lowe’s Companies during the fourth quarter worth $47,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on LOW shares. Stifel Nicolaus decreased their target price on Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating on the stock in a research report on Friday, February 16th. UBS Group boosted their price objective on Lowe’s Companies from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Evercore ISI lowered their price target on Lowe’s Companies from $280.00 to $275.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 16th. JPMorgan Chase & Co. increased their target price on shares of Lowe’s Companies from $265.00 to $268.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Finally, Wells Fargo & Company upped 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 investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $252.52.

Lowe’s Companies Stock Performance

Lowe’s Companies stock traded up $2.55 during mid-day trading on Friday, reaching $232.13. 1,834,728 shares of the company were exchanged, compared to its average volume of 2,044,726. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49. The firm has a market cap of $132.82 billion, a PE ratio of 17.64, a price-to-earnings-growth ratio of 1.72 and a beta of 1.15. The firm’s 50-day simple moving average is $240.07 and its two-hundred day simple moving average is $221.10.

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

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend is Tuesday, April 23rd. 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.