St. Clair Advisors LLC Makes New $1.39 Million Investment in Lowe’s Companies, Inc. (NYSE:LOW)

St. Clair Advisors LLC bought a new stake in Lowe’s Companies, Inc. (NYSE:LOW) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,650 shares of the home improvement retailer’s stock, valued at approximately $1,394,000.

A number of other institutional investors have also modified their holdings of the business. Twinbeech Capital LP acquired a new position in shares of Lowe’s Companies in the 4th quarter valued at $14,130,000. Triglav Skladi D.O.O. acquired a new position in shares of Lowe’s Companies in the 4th quarter valued at $13,107,000. Two Sigma Advisers LP increased its stake in Lowe’s Companies by 24.7% in the 4th quarter. Two Sigma Advisers LP now owns 42,900 shares of the home improvement retailer’s stock valued at $10,588,000 after buying an additional 8,500 shares during the period. Texas Bank & Trust Co acquired a new position in Lowe’s Companies in the 4th quarter valued at $3,553,000. Finally, Tidal Investments LLC increased its stake in Lowe’s Companies by 5.0% in the 4th quarter. Tidal Investments LLC now owns 45,486 shares of the home improvement retailer’s stock valued at $11,226,000 after buying an additional 2,179 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Stock Up 0.8%

LOW stock opened at $234.20 on Monday. The business has a 50 day moving average price of $224.34 and a two-hundred day moving average price of $245.71. The company has a market cap of $131.09 billion, a price-to-earnings ratio of 19.53, a P/E/G ratio of 1.96 and a beta of 1.00. Lowe’s Companies, Inc. has a twelve month low of $206.39 and a twelve month high of $287.01.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.10. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The firm had revenue of $18.55 billion during the quarter, compared to the consensus estimate of $18.29 billion. On average, equities research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend was Wednesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 37.67%.

Analyst Ratings Changes

Several brokerages have commented on LOW. Royal Bank of Canada decreased their target price on shares of Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 27th. Mizuho decreased their price target on shares of Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. DA Davidson reaffirmed a “neutral” rating and set a $270.00 price target on shares of Lowe’s Companies in a research note on Wednesday, April 16th. Bank of America decreased their price target on shares of Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Finally, StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $277.00.

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.