Arbor Trust Wealth Advisors LLC Has $929,000 Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Arbor Trust Wealth Advisors LLC lowered its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 11.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 4,176 shares of the home improvement retailer’s stock after selling 530 shares during the quarter. Arbor Trust Wealth Advisors LLC’s holdings in Lowe’s Companies were worth $929,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Morgan Stanley increased its holdings in shares of Lowe’s Companies by 21.3% in the fourth quarter. Morgan Stanley now owns 11,690,606 shares of the home improvement retailer’s stock valued at $2,329,237,000 after purchasing an additional 2,050,089 shares in the last quarter. Norges Bank acquired a new stake in shares of Lowe’s Companies in the fourth quarter valued at approximately $1,461,267,000. Northern Trust Corp increased its holdings in shares of Lowe’s Companies by 1.1% in the third quarter. Northern Trust Corp now owns 7,138,824 shares of the home improvement retailer’s stock valued at $1,483,733,000 after purchasing an additional 78,901 shares in the last quarter. Moneta Group Investment Advisors LLC increased its holdings in shares of Lowe’s Companies by 107,710.7% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 5,080,039 shares of the home improvement retailer’s stock valued at $1,012,147,000 after purchasing an additional 5,075,327 shares in the last quarter. Finally, Schroder Investment Management Group increased its holdings 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 purchasing an additional 1,831,727 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on LOW shares. DA Davidson reissued a “neutral” rating and issued a $270.00 price target on shares of Lowe’s Companies in a report on Wednesday, March 27th. Evercore ISI lowered their target price on shares of Lowe’s Companies from $280.00 to $275.00 and set an “in-line” rating for the company in a report on Tuesday. Zelman & Associates reaffirmed a “neutral” rating and set a $265.00 target price on shares of Lowe’s Companies in a report on Tuesday, April 2nd. Telsey Advisory Group reaffirmed a “market perform” rating and set a $230.00 target price on shares of Lowe’s Companies in a report on Wednesday, March 27th. Finally, Oppenheimer reaffirmed a “market perform” rating and set a $230.00 target price on shares of Lowe’s Companies in a report on Monday, March 4th. Fifteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $252.52.

Lowe’s Companies Stock Down 0.7 %

NYSE:LOW traded down $1.70 during mid-day trading on Tuesday, hitting $228.31. 2,200,935 shares of the stock traded hands, compared to its average volume of 2,567,834. Lowe’s Companies, Inc. has a 12-month low of $181.85 and a 12-month high of $262.49. The company has a market cap of $130.63 billion, a PE ratio of 17.43, a price-to-earnings-growth ratio of 1.72 and a beta of 1.13. The business’s 50-day moving average price is $238.95 and its 200 day moving average price is $218.17.

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, topping analysts’ consensus estimates of $1.68 by $0.09. The firm had revenue of $18.60 billion during the quarter, compared to analyst estimates of $18.47 billion. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The business’s quarterly revenue was down 17.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.28 EPS. Analysts anticipate that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $4.40 annualized dividend and a dividend yield of 1.93%. Lowe’s Companies’s payout ratio is 33.43%.

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.