Lowe’s Companies, Inc. (NYSE:LOW) Position Trimmed by Coastline Trust Co

Coastline Trust Co lowered its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 9,780 shares of the home improvement retailer’s stock after selling 100 shares during the period. Coastline Trust Co’s holdings in Lowe’s Companies were worth $2,177,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the stock. Stonegate Investment Group LLC lifted its stake in Lowe’s Companies by 0.5% during the fourth quarter. Stonegate Investment Group LLC now owns 10,338 shares of the home improvement retailer’s stock valued at $2,301,000 after buying an additional 52 shares in the last quarter. TIAA Trust National Association increased its holdings in shares of Lowe’s Companies by 54.6% in the 4th quarter. TIAA Trust National Association now owns 127,609 shares of the home improvement retailer’s stock valued at $28,399,000 after purchasing an additional 45,056 shares during the period. Bell Bank increased its holdings in shares of Lowe’s Companies by 8.9% in the 4th quarter. Bell Bank now owns 4,252 shares of the home improvement retailer’s stock valued at $946,000 after purchasing an additional 347 shares during the period. OPTIMAS CAPITAL Ltd acquired a new position in shares of Lowe’s Companies in the 4th quarter valued at about $1,602,000. Finally, Insight Inv LLC increased its holdings in shares of Lowe’s Companies by 1.2% in the 4th quarter. Insight Inv LLC now owns 5,227 shares of the home improvement retailer’s stock valued at $1,163,000 after purchasing an additional 60 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Robert W. Baird upgraded Lowe’s Companies from an “average” rating to an “outperform” rating and set a $250.00 target price on the stock in a report on Wednesday, February 14th. Wedbush increased their price objective on Lowe’s Companies from $215.00 to $250.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. StockNews.com downgraded Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th. DA Davidson restated a “neutral” rating and issued a $270.00 price objective on shares of Lowe’s Companies in a report on Wednesday, March 27th. Finally, Mizuho assumed coverage on Lowe’s Companies in a report on Tuesday, March 19th. They issued a “buy” rating and a $280.00 price objective on the stock. Fourteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $252.62.

Lowe’s Companies Trading Down 1.9 %

LOW stock traded down $4.83 during midday trading on Tuesday, hitting $244.45. The stock had a trading volume of 2,812,262 shares, compared to its average volume of 2,604,254. The firm has a market capitalization of $139.87 billion, a price-to-earnings ratio of 18.58, a P/E/G ratio of 1.88 and a beta of 1.13. Lowe’s Companies, Inc. has a 52 week low of $181.85 and a 52 week high of $262.49. The stock has a 50-day simple moving average of $234.19 and a 200 day simple moving average of $216.36.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS for the quarter, topping the consensus estimate of $1.68 by $0.09. The firm had revenue of $18.60 billion during 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%. Lowe’s Companies’s quarterly revenue was down 17.1% compared to the same quarter last year. During the same period last year, the business earned $2.28 earnings per share. On average, equities analysts forecast that Lowe’s Companies, Inc. will post 12.21 EPS for the current year.

Lowe’s Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $4.40 annualized dividend and a yield of 1.80%. Lowe’s Companies’s dividend payout ratio is currently 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.