Darwin Wealth Management LLC Sells 515 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Darwin Wealth Management LLC lessened its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 20.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,986 shares of the home improvement retailer’s stock after selling 515 shares during the period. Darwin Wealth Management LLC’s holdings in Lowe’s Companies were worth $442,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its position in Lowe’s Companies by 5.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 177,575 shares of the home improvement retailer’s stock valued at $36,919,000 after buying an additional 9,625 shares during the last quarter. Chicago Partners Investment Group LLC raised its position in Lowe’s Companies by 7.4% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 2,582 shares of the home improvement retailer’s stock valued at $537,000 after buying an additional 177 shares during the last quarter. Park Avenue Securities LLC raised its position in Lowe’s Companies by 1.0% in the 3rd quarter. Park Avenue Securities LLC now owns 12,207 shares of the home improvement retailer’s stock valued at $2,537,000 after buying an additional 118 shares during the last quarter. TIAA Trust National Association acquired a new stake in Lowe’s Companies in the 3rd quarter valued at approximately $17,158,000. Finally, ING Groep NV acquired a new stake in Lowe’s Companies in the 3rd quarter valued at approximately $117,000. Institutional investors own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. The Goldman Sachs Group boosted their price target on Lowe’s Companies from $238.00 to $262.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Gordon Haskett reaffirmed a “hold” rating and set a $245.00 price target on shares of Lowe’s Companies in a research report on Wednesday, April 3rd. Zelman & Associates reaffirmed a “neutral” rating and set a $265.00 price target on shares of Lowe’s Companies in a research report on Tuesday, April 2nd. Oppenheimer reaffirmed a “market perform” rating and set a $230.00 price target on shares of Lowe’s Companies in a research report on Monday, March 4th. Finally, UBS Group boosted their price target on Lowe’s Companies from $250.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Fifteen research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $252.67.

Lowe’s Companies Stock Up 1.8 %

Shares of LOW traded up $4.13 during trading hours on Thursday, hitting $236.20. 1,651,555 shares of the company were exchanged, compared to its average volume of 2,436,139. The company has a market cap of $135.15 billion, a price-to-earnings ratio of 17.94, a P/E/G ratio of 1.72 and a beta of 1.15. Lowe’s Companies, Inc. has a fifty-two week low of $181.85 and a fifty-two week high of $262.49. The firm’s fifty day moving average is $239.86 and its 200 day moving average is $221.76.

Lowe’s Companies (NYSE:LOW) last released 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. 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%. Lowe’s Companies’s quarterly revenue was down 17.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.28 EPS. Analysts anticipate that Lowe’s Companies, Inc. will post 12.21 EPS for the current year.

Lowe’s Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend was Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 33.43%.

Lowe’s Companies 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.