Lowe’s Companies, Inc. (NYSE:LOW) Stock Holdings Lowered by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. trimmed its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 8.3% in the fourth quarter, HoldingsChannel reports. The firm owned 1,662 shares of the home improvement retailer’s stock after selling 150 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in Lowe’s Companies were worth $370,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Ontario Teachers Pension Plan Board boosted its holdings in shares of Lowe’s Companies by 187,225.6% in the third quarter. Ontario Teachers Pension Plan Board now owns 2,111,159 shares of the home improvement retailer’s stock valued at $438,783,000 after acquiring an additional 2,110,032 shares in the last quarter. International Assets Investment Management LLC bought a new position in Lowe’s Companies during the 4th quarter valued at $430,090,000. Schroder Investment Management Group increased its position in shares of Lowe’s Companies by 189.5% during the 3rd quarter. Schroder Investment Management Group now owns 2,798,268 shares of the home improvement retailer’s stock valued at $581,592,000 after purchasing an additional 1,831,727 shares during the period. Aristotle Capital Management LLC raised its stake in shares of Lowe’s Companies by 143.8% in the 3rd quarter. Aristotle Capital Management LLC now owns 1,361,716 shares of the home improvement retailer’s stock worth $283,019,000 after buying an additional 803,216 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of Lowe’s Companies in the third quarter valued at $144,530,000. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Down 0.6 %

Lowe’s Companies stock traded down $1.39 during mid-day trading on Tuesday, reaching $229.55. The company had a trading volume of 232,218 shares, compared to its average volume of 2,467,987. Lowe’s Companies, Inc. has a 52 week low of $181.85 and a 52 week high of $262.49. The firm has a market cap of $131.35 billion, a price-to-earnings ratio of 17.55, a PEG ratio of 1.70 and a beta of 1.13. The company has a 50 day moving average of $240.06 and a 200-day moving average of $220.18.

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 (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.09. The firm had revenue of $18.60 billion during the quarter, compared to analyst estimates 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 quarterly revenue was down 17.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.28 earnings per share. On average, analysts predict that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is currently 33.43%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on LOW shares. Royal Bank of Canada boosted their price target 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. JPMorgan Chase & Co. raised their target price on Lowe’s Companies from $265.00 to $268.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. Evercore ISI dropped their target price on Lowe’s Companies from $280.00 to $275.00 and set an “in-line” rating on the stock in a report on Tuesday, April 16th. Citigroup boosted their target price on Lowe’s Companies from $199.00 to $236.00 and gave the company a “neutral” rating in a research note on Wednesday, February 21st. Finally, Morgan Stanley raised their price target on Lowe’s Companies from $240.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. Fifteen equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Lowe’s Companies currently has a consensus rating of “Hold” and an average 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.