Lowe’s Companies, Inc. (NYSE:LOW) Stock Holdings Trimmed by Forte Capital LLC ADV

Forte Capital LLC ADV decreased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 1.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 62,055 shares of the home improvement retailer’s stock after selling 747 shares during the quarter. Lowe’s Companies accounts for approximately 1.9% of Forte Capital LLC ADV’s holdings, making the stock its 17th largest position. Forte Capital LLC ADV’s holdings in Lowe’s Companies were worth $13,810,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Harbour Trust & Investment Management Co bought a new position in Lowe’s Companies during the 4th quarter valued at $5,890,000. Syon Capital LLC grew its holdings in Lowe’s Companies by 23.3% during the fourth quarter. Syon Capital LLC now owns 7,129 shares of the home improvement retailer’s stock worth $1,587,000 after acquiring an additional 1,345 shares during the period. Biondo Investment Advisors LLC raised its position in Lowe’s Companies by 1.0% in the third quarter. Biondo Investment Advisors LLC now owns 60,958 shares of the home improvement retailer’s stock worth $12,669,000 after acquiring an additional 620 shares in the last quarter. Perigon Wealth Management LLC lifted its holdings 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 valued at $829,000 after acquiring an additional 584 shares during the last quarter. Finally, Legacy CG LLC boosted its position in shares of Lowe’s Companies by 25.0% during the 4th quarter. Legacy CG LLC now owns 22,948 shares of the home improvement retailer’s stock valued at $5,107,000 after purchasing an additional 4,583 shares in the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Stock Performance

Shares of NYSE LOW traded up $2.55 during trading hours on Friday, hitting $232.13. The stock had a trading volume of 1,834,728 shares, compared to its average volume of 2,044,726. The firm’s 50-day moving average price is $240.07 and its two-hundred day moving average price is $220.75. Lowe’s Companies, Inc. has a 52 week low of $181.85 and a 52 week high of $262.49. The company has a market capitalization of $132.82 billion, a P/E ratio of 17.64, a P/E/G ratio of 1.72 and a beta of 1.15.

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

Lowe’s Companies Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts recently commented on LOW shares. Morgan Stanley boosted their target price on shares of Lowe’s Companies from $240.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Robert W. Baird raised Lowe’s Companies from an “average” rating to an “outperform” rating and set a $250.00 price objective for the company in a research note on Wednesday, February 14th. Oppenheimer reaffirmed a “market perform” rating and set a $230.00 target price on shares of Lowe’s Companies in a research report on Monday, March 4th. StockNews.com downgraded Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th. Finally, The Goldman Sachs Group lifted their price target 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. Fifteen equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $252.52.

Lowe’s Companies 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.