Intact Investment Management Inc. Has $7.99 Million Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Intact Investment Management Inc. grew its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 9.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 35,900 shares of the home improvement retailer’s stock after buying an additional 3,000 shares during the quarter. Intact Investment Management Inc.’s holdings in Lowe’s Companies were worth $7,990,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LOW. Zullo Investment Group Inc. increased its stake in shares of Lowe’s Companies by 2.9% in the third quarter. Zullo Investment Group Inc. now owns 4,285 shares of the home improvement retailer’s stock valued at $891,000 after buying an additional 120 shares in the last quarter. U.S. Capital Wealth Advisors LLC increased its position in Lowe’s Companies by 42.2% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 20,457 shares of the home improvement retailer’s stock worth $4,252,000 after purchasing an additional 6,075 shares during the period. Campbell Newman Asset Management Inc. increased its position in Lowe’s Companies by 0.3% in the third quarter. Campbell Newman Asset Management Inc. now owns 166,026 shares of the home improvement retailer’s stock worth $34,507,000 after purchasing an additional 449 shares during the period. Slow Capital Inc. increased its position in Lowe’s Companies by 5.1% in the third quarter. Slow Capital Inc. now owns 13,771 shares of the home improvement retailer’s stock worth $2,862,000 after purchasing an additional 672 shares during the period. Finally, JGP Wealth Management LLC increased its position in Lowe’s Companies by 1.8% in the third quarter. JGP Wealth Management LLC now owns 55,636 shares of the home improvement retailer’s stock worth $11,563,000 after purchasing an additional 964 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on LOW. Robert W. Baird upgraded Lowe’s Companies from an “average” rating to an “outperform” rating and set a $250.00 price objective for the company in a research report on Wednesday, February 14th. Evercore ISI lowered their price objective on Lowe’s Companies from $280.00 to $275.00 and set an “in-line” rating for the company in a research report on Tuesday, April 16th. Zelman & Associates restated a “neutral” rating and set a $265.00 target price on shares of Lowe’s Companies in a research report on Tuesday, April 2nd. Mizuho assumed coverage on Lowe’s Companies in a research report on Tuesday, March 19th. They set a “buy” rating and a $280.00 target price for the company. Finally, Barclays boosted their target price on Lowe’s Companies from $203.00 to $229.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 4th. Fifteen analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Lowe’s Companies has an average rating of “Hold” and an average price target of $252.52.

Lowe’s Companies Stock Performance

NYSE LOW traded down $0.09 during trading on Friday, hitting $229.87. The stock had a trading volume of 2,001,196 shares, compared to its average volume of 2,110,073. The company has a market capitalization of $131.53 billion, a PE ratio of 17.47, a P/E/G ratio of 1.70 and a beta of 1.13. The company’s 50-day moving average price is $239.98 and its two-hundred day moving average price is $219.70. Lowe’s Companies, Inc. has a 12 month low of $181.85 and a 12 month high of $262.49.

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

Lowe’s Companies Dividend Announcement

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 given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) 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.