26,466 Shares in Lowe's Companies, Inc. (NYSE:LOW) Acquired by Harbour Trust & Investment Management Co

Harbour Trust & Investment Management Co acquired a new stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 26,466 shares of the home improvement retailer's stock, valued at approximately $5,890,000.

Several other hedge funds and other institutional investors have also made changes to their positions in LOW. Hemington Wealth Management purchased a new stake in Lowe's Companies during the fourth quarter worth approximately $206,000. Rainsberger Wealth Advisors Inc. lifted its stake in Lowe's Companies by 2.1% during the fourth quarter. Rainsberger Wealth Advisors Inc. now owns 4,597 shares of the home improvement retailer's stock worth $1,023,000 after purchasing an additional 93 shares during the last quarter. Segment Wealth Management LLC lifted its stake in Lowe's Companies by 50.8% during the fourth quarter. Segment Wealth Management LLC now owns 3,689 shares of the home improvement retailer's stock worth $821,000 after purchasing an additional 1,242 shares during the last quarter. Moody Aldrich Partners LLC purchased a new stake in Lowe's Companies during the fourth quarter worth approximately $293,000. Finally, Sequoia Financial Advisors LLC lifted its stake in Lowe's Companies by 130.2% during the fourth quarter. Sequoia Financial Advisors LLC now owns 29,400 shares of the home improvement retailer's stock worth $6,543,000 after purchasing an additional 16,630 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company's stock.

Lowe's Companies Stock Up 0.7 %

LOW stock traded up $1.73 on Tuesday, reaching $244.32. 2,126,109 shares of the company's stock were exchanged, compared to its average volume of 2,584,609. The stock has a fifty day moving average of $237.67 and a 200-day moving average of $217.47. Lowe's Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49. The firm has a market cap of $139.80 billion, a PE ratio of 18.57, a P/E/G ratio of 1.77 and a beta of 1.13.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.09. Lowe's Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The business had revenue of $18.60 billion for the quarter, compared to the consensus estimate of $18.47 billion. During the same period in the prior year, the business earned $2.28 earnings per share. The business's revenue was down 17.1% on a year-over-year basis. On average, equities research analysts predict that Lowe's Companies, Inc. will post 12.21 EPS for the current fiscal year.

Lowe's Companies Announces Dividend

The business 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 $1.10 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $4.40 annualized dividend and a dividend yield of 1.80%. Lowe's Companies's dividend payout ratio is currently 33.43%.

Wall Street Analysts Forecast Growth

LOW has been the subject of several recent analyst reports. The Goldman Sachs Group boosted their target price on Lowe's Companies from $238.00 to $262.00 and gave the stock a "buy" rating in a research note on Tuesday, February 13th. Royal Bank of Canada lifted their price target on Lowe's Companies from $190.00 to $246.00 and gave the stock a "sector perform" rating in a research report on Wednesday, February 28th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $230.00 price target on shares of Lowe's Companies in a research report on Wednesday, March 27th. Stifel Nicolaus cut their price target on Lowe's Companies from $240.00 to $225.00 and set a "hold" rating on the stock in a research report on Friday, February 16th. Finally, Evercore ISI lifted their price target on Lowe's Companies from $250.00 to $270.00 and gave the stock an "in-line" rating in a research report on Tuesday, March 26th. Fifteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $252.33.

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.