Ropes Wealth Advisors LLC Lowers Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Ropes Wealth Advisors LLC cut its holdings in Lowe’s Companies, Inc. (NYSE:LOWGet Rating) by 12.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,799 shares of the home improvement retailer’s stock after selling 2,007 shares during the period. Ropes Wealth Advisors LLC’s holdings in Lowe’s Companies were worth $3,567,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Trust Investment Advisors lifted its holdings in Lowe’s Companies by 0.9% in the 4th quarter. Trust Investment Advisors now owns 4,702 shares of the home improvement retailer’s stock worth $1,215,000 after purchasing an additional 43 shares in the last quarter. YHB Investment Advisors Inc. raised its holdings in shares of Lowe’s Companies by 0.5% during the 4th quarter. YHB Investment Advisors Inc. now owns 9,802 shares of the home improvement retailer’s stock worth $2,534,000 after acquiring an additional 45 shares in the last quarter. Fieldpoint Private Securities LLC raised its holdings in shares of Lowe’s Companies by 1.0% during the 3rd quarter. Fieldpoint Private Securities LLC now owns 4,532 shares of the home improvement retailer’s stock worth $919,000 after acquiring an additional 46 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Lowe’s Companies by 0.5% during the 3rd quarter. Assetmark Inc. now owns 9,970 shares of the home improvement retailer’s stock worth $2,022,000 after acquiring an additional 47 shares in the last quarter. Finally, Keel Point LLC raised its holdings in shares of Lowe’s Companies by 2.0% during the 4th quarter. Keel Point LLC now owns 2,483 shares of the home improvement retailer’s stock worth $642,000 after acquiring an additional 49 shares in the last quarter. 75.46% of the stock is currently owned by institutional investors.

Shares of LOW stock traded up $2.30 during mid-day trading on Friday, hitting $194.00. The stock had a trading volume of 2,911,878 shares, compared to its average volume of 3,651,404. Lowe’s Companies, Inc. has a 12-month low of $182.08 and a 12-month high of $263.31. The firm has a market capitalization of $128.26 billion, a P/E ratio of 16.21, a price-to-earnings-growth ratio of 1.12 and a beta of 1.25. The firm’s 50-day moving average is $209.18 and its two-hundred day moving average is $229.23.

Lowe’s Companies (NYSE:LOWGet Rating) last issued its earnings results on Wednesday, February 23rd. The home improvement retailer reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.06. Lowe’s Companies had a negative return on equity of 551.52% and a net margin of 8.77%. The business had revenue of $21.34 billion during the quarter, compared to analysts’ expectations of $20.91 billion. During the same period in the prior year, the business earned $1.33 EPS. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. Sell-side analysts predict that Lowe’s Companies, Inc. will post 13.36 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 4th. Investors of record on Wednesday, April 20th were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date was Tuesday, April 19th. Lowe’s Companies’s dividend payout ratio (DPR) is currently 26.73%.

Several analysts have recently issued reports on LOW shares. Loop Capital decreased their price objective on Lowe’s Companies from $240.00 to $190.00 in a report on Tuesday, April 12th. Morgan Stanley boosted their target price on Lowe’s Companies from $265.00 to $280.00 and gave the company an “overweight” rating in a research report on Tuesday, January 18th. Wedbush cut their target price on Lowe’s Companies from $260.00 to $240.00 in a research report on Thursday, February 24th. StockNews.com downgraded Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Gordon Haskett downgraded Lowe’s Companies from a “buy” rating to an “accumulate” rating in a research report on Friday, May 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Lowe’s Companies has an average rating of “Buy” and a consensus price target of $257.30.

Lowe’s Companies Company Profile (Get Rating)

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States and internationally. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It 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, lighting, and electrical.

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

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