Oak Harbor Wealth Partners LLC Sells 92 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Oak Harbor Wealth Partners LLC lessened its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 3,821 shares of the home improvement retailer’s stock after selling 92 shares during the period. Oak Harbor Wealth Partners LLC’s holdings in Lowe’s Companies were worth $850,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Paragon Private Wealth Management LLC raised its holdings in shares of Lowe’s Companies by 13.5% during the fourth quarter. Paragon Private Wealth Management LLC now owns 4,880 shares of the home improvement retailer’s stock valued at $1,086,000 after acquiring an additional 581 shares in the last quarter. ING Groep NV raised its holdings in shares of Lowe’s Companies by 18,786.5% during the fourth quarter. ING Groep NV now owns 106,709 shares of the home improvement retailer’s stock valued at $23,748,000 after acquiring an additional 106,144 shares in the last quarter. Clifford Swan Investment Counsel LLC raised its holdings in shares of Lowe’s Companies by 0.3% during the fourth quarter. Clifford Swan Investment Counsel LLC now owns 215,442 shares of the home improvement retailer’s stock valued at $47,947,000 after acquiring an additional 541 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its holdings in Lowe’s Companies by 1.2% in the fourth 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 in the last quarter. Finally, Harbour Trust & Investment Management Co bought a new position in Lowe’s Companies in the fourth quarter worth $5,890,000. Institutional investors own 74.06% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on LOW shares. The Goldman Sachs Group increased their target price on Lowe’s Companies from $238.00 to $262.00 and gave the stock a “buy” rating in a research note on Tuesday, February 13th. Gordon Haskett reissued a “hold” rating and issued a $245.00 target price on shares of Lowe’s Companies in a research note on Wednesday, April 3rd. Citigroup cut their target price on Lowe’s Companies from $243.00 to $240.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 7th. Zelman & Associates reissued a “neutral” rating and issued a $265.00 target price on shares of Lowe’s Companies in a research note on Tuesday, April 2nd. Finally, Mizuho started coverage on Lowe’s Companies in a research note on Tuesday, March 19th. They issued a “buy” rating and a $280.00 target price on the stock. Fourteen equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $251.33.

Lowe’s Companies Stock Performance

Shares of NYSE LOW traded down $2.10 during trading on Thursday, hitting $219.03. The company had a trading volume of 1,091,730 shares, compared to its average volume of 2,431,508. The stock has a 50 day simple moving average of $237.57 and a 200 day simple moving average of $224.71. 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 $125.33 billion, a P/E ratio of 17.57, a price-to-earnings-growth ratio of 1.74 and a beta of 1.15.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Tuesday, May 21st. The home improvement retailer reported $3.06 EPS for the quarter, topping the consensus estimate of $2.94 by $0.12. Lowe’s Companies had a negative return on equity of 48.52% and a net margin of 8.46%. The firm had revenue of $21.36 billion for the quarter, compared to the consensus estimate of $21.14 billion. During the same quarter last year, the company earned $3.67 earnings per share. The business’s revenue for the quarter was down 4.4% compared to the same quarter last year. As a group, analysts predict that Lowe’s Companies, Inc. will post 12.21 EPS for the current year.

Lowe’s Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 2.01%. The ex-dividend date was Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 35.34%.

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.