Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Noesis Capital Mangement Corp

Noesis Capital Mangement Corp trimmed its position in Lowe’s Companies, Inc. (NYSE:LOW) by 1.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,297 shares of the home improvement retailer’s stock after selling 1,083 shares during the quarter. Lowe’s Companies makes up 3.3% of Noesis Capital Mangement Corp’s investment portfolio, making the stock its 8th largest position. Noesis Capital Mangement Corp’s holdings in Lowe’s Companies were worth $14,087,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Wetzel Investment Advisors Inc. acquired a new position in Lowe’s Companies in the fourth quarter valued at approximately $25,000. Orion Capital Management LLC purchased a new position in shares of Lowe’s Companies in the 3rd quarter valued at $26,000. VisionPoint Advisory Group LLC raised its stake in Lowe’s Companies by 85.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 70 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new stake in Lowe’s Companies in the third quarter valued at $40,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new position in Lowe’s Companies in the fourth quarter valued at $47,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Performance

LOW traded up $2.55 on Friday, hitting $232.13. 1,834,728 shares of the company were exchanged, compared to its average volume of 2,044,726. The business’s fifty day moving average is $240.07 and its 200 day moving average is $220.75. Lowe’s Companies, Inc. has a fifty-two week low of $181.85 and a fifty-two week high of $262.49. The firm has a market capitalization of $132.82 billion, a P/E ratio of 17.64, a price-to-earnings-growth ratio of 1.70 and a beta of 1.15.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.09. The business had revenue of $18.60 billion for the quarter, compared to analysts’ expectations of $18.47 billion. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The company’s revenue was down 17.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.28 EPS. Analysts forecast that Lowe’s Companies, Inc. will post 12.21 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be given a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $4.40 annualized dividend and a dividend yield of 1.90%. Lowe’s Companies’s dividend payout ratio is presently 33.43%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Evercore ISI cut their target price on Lowe’s Companies from $280.00 to $275.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 16th. Stifel Nicolaus reduced their price objective on Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating for the company in a research note on Friday, February 16th. Royal Bank of Canada raised their target price on shares of Lowe’s Companies from $190.00 to $246.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 28th. DA Davidson reiterated a “neutral” rating and set a $270.00 price target on shares of Lowe’s Companies in a research note on Wednesday, March 27th. Finally, Morgan Stanley lifted their price objective on shares of Lowe’s Companies from $240.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. Fifteen research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $252.52.

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.