Impax Asset Management Group plc Sells 76,486 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Impax Asset Management Group plc trimmed its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 29.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 186,829 shares of the home improvement retailer's stock after selling 76,486 shares during the period. Impax Asset Management Group plc's holdings in Lowe's Companies were worth $41,579,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Hamilton Capital LLC raised its holdings in shares of Lowe's Companies by 2.1% in the 3rd quarter. Hamilton Capital LLC now owns 2,439 shares of the home improvement retailer's stock worth $507,000 after buying an additional 49 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Lowe's Companies by 6.0% during the second quarter. Farther Finance Advisors LLC now owns 884 shares of the home improvement retailer's stock valued at $200,000 after acquiring an additional 50 shares during the period. Abundance Wealth Counselors boosted its stake in shares of Lowe's Companies by 0.8% in the 4th quarter. Abundance Wealth Counselors now owns 6,671 shares of the home improvement retailer's stock valued at $1,485,000 after purchasing an additional 50 shares in the last quarter. Strategy Asset Managers LLC grew its holdings in shares of Lowe's Companies by 3.4% in the 2nd quarter. Strategy Asset Managers LLC now owns 1,553 shares of the home improvement retailer's stock worth $351,000 after purchasing an additional 51 shares during the last quarter. Finally, Aprio Wealth Management LLC increased its position in shares of Lowe's Companies by 4.3% during the 3rd quarter. Aprio Wealth Management LLC now owns 1,244 shares of the home improvement retailer's stock worth $259,000 after purchasing an additional 51 shares in the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe's Companies Stock Performance

LOW traded down $7.22 during trading on Wednesday, reaching $237.17. 2,955,169 shares of the stock were exchanged, compared to its average volume of 2,589,980. The stock's 50 day moving average price is $237.67 and its two-hundred day moving average price is $217.47. Lowe's Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49. The stock has a market cap of $135.70 billion, a P/E ratio of 18.02, a price-to-earnings-growth ratio of 1.79 and a beta of 1.13.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $18.60 billion for the quarter, compared to analyst estimates of $18.47 billion. During the same period in the previous year, the business earned $2.28 EPS. Lowe's Companies's revenue for the quarter was down 17.1% compared to the same quarter last year. Equities research analysts predict that Lowe's Companies, Inc. will post 12.21 earnings per share for the current fiscal year.

Lowe's Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be paid a dividend of $1.10 per share. The ex-dividend date is Tuesday, April 23rd. This represents a $4.40 annualized dividend and a dividend yield of 1.86%. Lowe's Companies's dividend payout ratio is currently 33.43%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on LOW shares. Royal Bank of Canada boosted their price target on shares of Lowe's Companies from $190.00 to $246.00 and gave the company a "sector perform" rating in a research report on Wednesday, February 28th. Barclays increased their price target on Lowe's Companies from $203.00 to $229.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 4th. Mizuho began coverage on Lowe's Companies in a research note on Tuesday, March 19th. They issued a "buy" rating and a $280.00 target price for the company. Evercore ISI increased their price target on shares of Lowe's Companies from $250.00 to $270.00 and gave the company an "in-line" rating in a research note on Tuesday, March 26th. Finally, Gordon Haskett restated a "hold" rating and issued a $245.00 price objective on shares of Lowe's Companies in a research report on Wednesday, April 3rd. Fifteen research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Lowe's Companies presently has a consensus rating of "Hold" and a consensus price target of $252.33.

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.