Lowe’s Companies, Inc. (NYSE:LOW) Position Trimmed by Comerica Bank

Comerica Bank trimmed its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOWFree Report) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 256,945 shares of the home improvement retailer’s stock after selling 3,637 shares during the period. Comerica Bank’s holdings in Lowe’s Companies were worth $57,183,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in LOW. Paragon Private Wealth Management LLC boosted its stake in Lowe’s Companies by 13.5% in the 4th quarter. Paragon Private Wealth Management LLC now owns 4,880 shares of the home improvement retailer’s stock worth $1,086,000 after purchasing an additional 581 shares during the period. ING Groep NV boosted its stake in Lowe’s Companies by 18,786.5% in the 4th quarter. ING Groep NV now owns 106,709 shares of the home improvement retailer’s stock worth $23,748,000 after purchasing an additional 106,144 shares during the period. Clifford Swan Investment Counsel LLC boosted its stake in Lowe’s Companies by 0.3% in the 4th quarter. Clifford Swan Investment Counsel LLC now owns 215,442 shares of the home improvement retailer’s stock worth $47,947,000 after purchasing an additional 541 shares during the period. Cary Street Partners Investment Advisory LLC boosted its stake in Lowe’s Companies by 1.2% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 45,072 shares of the home improvement retailer’s stock worth $10,031,000 after purchasing an additional 540 shares during the period. Finally, Harbour Trust & Investment Management Co acquired a new position in Lowe’s Companies in the 4th quarter worth approximately $5,890,000. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Stock Performance

Shares of NYSE:LOW traded up $6.67 on Wednesday, hitting $225.02. 3,580,108 shares of the company were exchanged, compared to its average volume of 2,457,420. The company’s 50 day moving average price is $227.75 and its two-hundred day moving average price is $226.73. Lowe’s Companies, Inc. has a one year low of $181.85 and a one year high of $262.49. The firm has a market capitalization of $128.23 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 1.67 and a beta of 1.08.

Lowe’s Companies (NYSE:LOWGet Free Report) last posted its quarterly earnings data on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.94 by $0.12. Lowe’s Companies had a net margin of 8.46% and a negative return on equity of 48.52%. The company had revenue of $21.36 billion for the quarter, compared to the consensus estimate of $21.14 billion. During the same quarter in the previous year, the firm posted $3.67 EPS. The business’s revenue was down 4.4% compared to the same quarter last year. Research analysts predict that Lowe’s Companies, Inc. will post 12.23 earnings per share for the current year.

Lowe’s Companies Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 7th. Stockholders of record on Wednesday, July 24th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, July 24th. This represents a $0.60 annualized dividend and a dividend yield of 0.27%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 35.34%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Oppenheimer reaffirmed a “market perform” rating and issued a $230.00 price objective on shares of Lowe’s Companies in a research note on Monday, March 4th. Robert W. Baird raised shares of Lowe’s Companies from an “average” rating to an “outperform” rating and set a $250.00 target price for the company in a research note on Wednesday, February 14th. Wedbush reissued a “neutral” rating and set a $250.00 target price on shares of Lowe’s Companies in a research note on Wednesday, May 22nd. Stifel Nicolaus lifted their target price on shares of Lowe’s Companies from $225.00 to $250.00 and gave the company a “hold” rating in a research note on Monday, May 13th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $246.00 target price on shares of Lowe’s Companies in a research note on Wednesday, May 22nd. Fourteen equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Lowe’s Companies has a consensus rating of “Hold” and a consensus price target of $251.33.

Get Our Latest Report on LOW

Lowe’s Companies Company Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding LOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lowe’s Companies, Inc. (NYSE:LOWFree Report).

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

Receive News & Ratings for Lowe's Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies and related companies with MarketBeat.com's FREE daily email newsletter.