Pinebridge Investments L.P. Has $39.53 Million Position in Lowe's Companies, Inc. (NYSE:LOW)

Pinebridge Investments L.P. lowered its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 34.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 160,161 shares of the home improvement retailer's stock after selling 82,558 shares during the quarter. Pinebridge Investments L.P.'s holdings in Lowe's Companies were worth $39,528,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its stake in shares of Lowe's Companies by 4.0% in the third quarter. Principal Financial Group Inc. now owns 649,601 shares of the home improvement retailer's stock valued at $175,944,000 after acquiring an additional 24,812 shares during the last quarter. Miracle Mile Advisors LLC raised its stake in shares of Lowe's Companies by 288.6% in the 4th quarter. Miracle Mile Advisors LLC now owns 19,028 shares of the home improvement retailer's stock valued at $4,696,000 after purchasing an additional 14,132 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of Lowe's Companies by 1.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 362,209 shares of the home improvement retailer's stock worth $98,104,000 after purchasing an additional 4,435 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its position in Lowe's Companies by 2.6% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 19,830 shares of the home improvement retailer's stock valued at $4,894,000 after purchasing an additional 501 shares during the last quarter. Finally, World Investment Advisors raised its holdings in shares of Lowe's Companies by 11.0% in the 4th quarter. World Investment Advisors now owns 26,329 shares of the home improvement retailer's stock valued at $6,498,000 after purchasing an additional 2,615 shares during the period. Institutional investors own 74.06% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LOW. Royal Bank of Canada dropped their price objective 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. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $305.00 target price on shares of Lowe's Companies in a research report on Tuesday, April 15th. DA Davidson reissued a "neutral" rating and set a $270.00 price target on shares of Lowe's Companies in a report on Wednesday, April 16th. Bank of America decreased their price objective on Lowe's Companies from $305.00 to $290.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Finally, StockNews.com raised Lowe's Companies from a "hold" rating to a "buy" rating in a report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $278.21.

Lowe's Companies Stock Down 0.3 %

Shares of LOW stock traded down $0.67 on Monday, reaching $220.24. The company had a trading volume of 692,320 shares, compared to its average volume of 2,470,534. The business's 50-day moving average is $229.29 and its 200 day moving average is $250.63. Lowe's Companies, Inc. has a one year low of $206.39 and a one year high of $287.01. The stock has a market capitalization of $123.27 billion, a PE ratio of 18.37, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping 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 business had revenue of $18.55 billion during the quarter, compared to analysts' expectations of $18.29 billion. On average, sell-side analysts forecast that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date is Wednesday, April 23rd. Lowe's Companies's payout ratio is 37.67%.

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.