Lowe’s Companies, Inc. (NYSE:LOW) is Marco Investment Management LLC’s 7th Largest Position

Marco Investment Management LLC cut its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 0.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 106,292 shares of the home improvement retailer’s stock after selling 55 shares during the period. Lowe’s Companies comprises approximately 2.4% of Marco Investment Management LLC’s portfolio, making the stock its 7th largest position. Marco Investment Management LLC’s holdings in Lowe’s Companies were worth $23,655,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Morgan Stanley boosted its position in Lowe’s Companies by 1.1% during the third quarter. Morgan Stanley now owns 10,930,693 shares of the home improvement retailer’s stock valued at $2,271,836,000 after buying an additional 116,855 shares during the period. Northern Trust Corp boosted its position in Lowe’s Companies by 1.1% during 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 buying an additional 78,901 shares during the period. Schroder Investment Management Group boosted its position in Lowe’s Companies by 189.5% during 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 buying an additional 1,831,727 shares during the period. Ontario Teachers Pension Plan Board boosted its position in Lowe’s Companies by 187,225.6% during the third quarter. Ontario Teachers Pension Plan Board now owns 2,111,159 shares of the home improvement retailer’s stock valued at $438,783,000 after buying an additional 2,110,032 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in Lowe’s Companies during the fourth quarter valued at about $430,090,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on LOW shares. Evercore ISI cut their price target on shares of 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. Telsey Advisory Group reiterated a “market perform” rating and set a $230.00 target price on shares of Lowe’s Companies in a report on Wednesday, March 27th. StockNews.com cut Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, February 28th. Barclays raised their target price on Lowe’s Companies from $203.00 to $229.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 4th. Finally, DA Davidson reissued a “neutral” rating and issued a $270.00 target price on shares of Lowe’s Companies in a research note on Wednesday, March 27th. Fifteen investment 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, the stock currently has a consensus rating of “Hold” and a consensus price target of $252.52.

Lowe’s Companies Price Performance

NYSE LOW traded down $0.09 during mid-day trading on Friday, reaching $229.87. The stock had a trading volume of 2,001,196 shares, compared to its average volume of 2,110,073. Lowe’s Companies, Inc. has a 1 year low of $181.85 and a 1 year high of $262.49. The stock has a market cap of $131.53 billion, a PE ratio of 17.47, a price-to-earnings-growth ratio of 1.70 and a beta of 1.13. The company has a fifty day moving average price of $239.98 and a 200 day moving average price of $219.94.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS 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 the consensus estimate of $18.47 billion. During the same quarter in the previous year, the firm posted $2.28 EPS. The firm’s revenue was down 17.1% on a year-over-year basis. As a group, equities research analysts expect that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

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