Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Stonnington Group LLC

Stonnington Group LLC lowered its stake in shares of Lowe’s Companies, Inc. (NYSE:LOWGet Rating) by 44.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,401 shares of the home improvement retailer’s stock after selling 3,494 shares during the quarter. Stonnington Group LLC’s holdings in Lowe’s Companies were worth $900,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Carlson Capital Management acquired a new position in shares of Lowe’s Companies during the fourth quarter valued at about $303,000. Aries Wealth Management increased its holdings in shares of Lowe’s Companies by 573.5% during the fourth quarter. Aries Wealth Management now owns 33,474 shares of the home improvement retailer’s stock valued at $8,652,000 after acquiring an additional 28,504 shares in the last quarter. Contravisory Investment Management Inc. boosted its position in Lowe’s Companies by 8.2% in the first quarter. Contravisory Investment Management Inc. now owns 1,850 shares of the home improvement retailer’s stock valued at $374,000 after buying an additional 140 shares during the last quarter. Blueprint Investment Partners LLC boosted its position in Lowe’s Companies by 38.5% in the fourth quarter. Blueprint Investment Partners LLC now owns 3,919 shares of the home improvement retailer’s stock valued at $1,013,000 after buying an additional 1,090 shares during the last quarter. Finally, Sand Hill Global Advisors LLC boosted its position in Lowe’s Companies by 22.0% in the fourth quarter. Sand Hill Global Advisors LLC now owns 1,358 shares of the home improvement retailer’s stock valued at $351,000 after buying an additional 245 shares during the last quarter. Hedge funds and other institutional investors own 75.46% of the company’s stock.

Shares of NYSE:LOW opened at $173.60 on Thursday. Lowe’s Companies, Inc. has a 1 year low of $170.12 and a 1 year high of $263.31. The firm has a market capitalization of $110.95 billion, a price-to-earnings ratio of 14.15, a price-to-earnings-growth ratio of 1.02 and a beta of 1.25. The business’s 50 day moving average price is $192.47 and its 200-day moving average price is $218.73.

Lowe’s Companies (NYSE:LOWGet Rating) last announced its earnings results on Wednesday, May 18th. The home improvement retailer reported $3.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.29. Lowe’s Companies had a negative return on equity of 251.50% and a net margin of 8.85%. The firm had revenue of $23.66 billion for the quarter, compared to analyst estimates of $23.72 billion. During the same quarter last year, the firm posted $3.21 EPS. The business’s revenue was down 3.1% on a year-over-year basis. As a group, analysts forecast that Lowe’s Companies, Inc. will post 13.49 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 3rd. Investors of record on Wednesday, July 20th will be paid a $1.05 dividend. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.80. This represents a $4.20 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Tuesday, July 19th. Lowe’s Companies’s dividend payout ratio is currently 26.08%.

A number of equities research analysts recently commented on the company. Wedbush dropped their target price on Lowe’s Companies from $240.00 to $200.00 and set a “neutral” rating on the stock in a research report on Thursday, May 19th. JPMorgan Chase & Co. upped their target price on Lowe’s Companies from $228.00 to $230.00 and gave the company a “neutral” rating in a research report on Thursday, May 19th. Telsey Advisory Group upped their target price on Lowe’s Companies from $275.00 to $285.00 and gave the company an “outperform” rating in a research report on Thursday, February 24th. Wells Fargo & Company dropped their target price on Lowe’s Companies from $260.00 to $240.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 8th. Finally, Loop Capital dropped their target price on Lowe’s Companies from $240.00 to $190.00 in a research report on Tuesday, April 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $242.94.

About Lowe’s Companies (Get Rating)

Lowe’s Cos., Inc engages in the retail sale of home improvement products. The firm offers products for maintenance, repair, remodeling, home decorating and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows and doors.

See Also

Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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