Duncker Streett & Co. Inc. Sells 130 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Duncker Streett & Co. Inc. trimmed its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.4% during the 4th quarter, Holdings Channel reports. The firm owned 31,981 shares of the home improvement retailer’s stock after selling 130 shares during the period. Lowe’s Companies comprises 1.5% of Duncker Streett & Co. Inc.’s investment portfolio, making the stock its 14th biggest position. Duncker Streett & Co. Inc.’s holdings in Lowe’s Companies were worth $7,117,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dynamic Advisor Solutions LLC grew its stake in shares of Lowe’s Companies by 33.7% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 3,345 shares of the home improvement retailer’s stock worth $695,000 after buying an additional 843 shares in the last quarter. Harbour Trust & Investment Management Co purchased a new position in shares of Lowe’s Companies in the 4th quarter worth $5,890,000. Meridian Wealth Management LLC grew its stake in shares of 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 buying an additional 15,612 shares in the last quarter. Biondo Investment Advisors LLC grew its stake in shares of 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 buying an additional 620 shares in the last quarter. Finally, Perigon Wealth Management LLC grew its stake in shares of 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 buying an additional 584 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on LOW shares. Wedbush lifted their price objective on shares of Lowe’s Companies from $215.00 to $250.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $230.00 price target on shares of Lowe’s Companies in a research note on Wednesday, March 27th. Evercore ISI dropped their price target on shares of Lowe’s Companies from $280.00 to $275.00 and set an “in-line” rating for the company in a research note on Tuesday. Robert W. Baird raised shares of Lowe’s Companies from an “average” rating to an “outperform” rating and set a $250.00 price target for the company in a research note on Wednesday, February 14th. Finally, Oppenheimer reaffirmed a “market perform” rating and set a $230.00 price target on shares of Lowe’s Companies in a research note on Monday, March 4th. Fifteen research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $252.52.

Lowe’s Companies Stock Performance

Shares of NYSE:LOW traded down $1.66 during midday trading on Wednesday, hitting $228.35. The company’s stock had a trading volume of 2,201,031 shares, compared to its average volume of 2,331,366. The business’s 50 day simple moving average is $239.15 and its 200 day simple moving average is $218.31. The company has a market cap of $130.66 billion, a P/E ratio of 17.35, a price-to-earnings-growth ratio of 1.70 and a beta of 1.13. Lowe’s Companies, Inc. has a 12-month low of $181.85 and a 12-month high of $262.49.

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. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The firm had revenue of $18.60 billion for the quarter, compared to the consensus estimate of $18.47 billion. During the same period last year, the firm posted $2.28 earnings per share. The company’s revenue for the quarter was down 17.1% on a year-over-year basis. On average, sell-side analysts predict 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 disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.93%. The ex-dividend date is Tuesday, April 23rd. Lowe’s Companies’s payout ratio is currently 33.43%.

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.