Bigelow Investment Advisors LLC Purchases 163 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Bigelow Investment Advisors LLC lifted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 3.9% in the 4th quarter, Holdings Channel reports. The fund owned 4,296 shares of the home improvement retailer’s stock after acquiring an additional 163 shares during the quarter. Bigelow Investment Advisors LLC’s holdings in Lowe’s Companies were worth $956,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in LOW. Dynamic Advisor Solutions LLC increased its position in Lowe’s Companies by 33.7% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 3,345 shares of the home improvement retailer’s stock valued at $695,000 after buying an additional 843 shares in the last quarter. Harbour Trust & Investment Management Co bought a new position in Lowe’s Companies in the 4th quarter worth about $5,890,000. Meridian Wealth Management LLC boosted its stake in Lowe’s Companies by 100.4% in the 3rd quarter. Meridian Wealth Management LLC now owns 31,158 shares of the home improvement retailer’s stock worth $6,492,000 after purchasing an additional 15,612 shares in the last quarter. Biondo Investment Advisors LLC boosted its stake in Lowe’s Companies by 1.0% in the 3rd quarter. Biondo Investment Advisors LLC now owns 60,958 shares of the home improvement retailer’s stock worth $12,669,000 after purchasing an additional 620 shares in the last quarter. Finally, Perigon Wealth Management LLC boosted its stake in Lowe’s Companies by 18.6% in the 4th quarter. Perigon Wealth Management LLC now owns 3,724 shares of the home improvement retailer’s stock worth $829,000 after purchasing an additional 584 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 0.6 %

LOW stock traded up $1.45 during midday trading on Friday, hitting $230.24. The company’s stock had a trading volume of 2,111,994 shares, compared to its average volume of 2,546,585. Lowe’s Companies, Inc. has a 12 month low of $181.85 and a 12 month high of $262.49. The firm has a market capitalization of $131.74 billion, a price-to-earnings ratio of 17.47, a price-to-earnings-growth ratio of 1.69 and a beta of 1.13. The company has a 50 day moving average of $239.46 and a two-hundred day moving average of $218.46.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results 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. The business had revenue of $18.60 billion during the quarter, compared to the consensus estimate of $18.47 billion. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The firm’s revenue for the quarter was down 17.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.28 EPS. On average, analysts anticipate that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, April 23rd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.91%. Lowe’s Companies’s dividend payout ratio is currently 33.43%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on LOW shares. Stifel Nicolaus dropped their price target on shares of Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating on the stock in a research note on Friday, February 16th. Morgan Stanley upped their price target on shares of Lowe’s Companies from $240.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. Gordon Haskett reiterated a “hold” rating and issued a $245.00 price target on shares of Lowe’s Companies in a research note on Wednesday, April 3rd. Robert W. Baird raised Lowe’s Companies from an “average” rating to an “outperform” rating and set a $250.00 target price for the company in a research report on Wednesday, February 14th. Finally, StockNews.com lowered Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Fifteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $252.52.

About Lowe’s Companies

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.