Resonant Capital Advisors LLC Sells 453 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Resonant Capital Advisors LLC decreased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,324 shares of the home improvement retailer’s stock after selling 453 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Lowe’s Companies were worth $2,298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Morgan Stanley increased its position in shares of Lowe’s Companies by 21.3% during the fourth quarter. Morgan Stanley now owns 11,690,606 shares of the home improvement retailer’s stock valued at $2,329,237,000 after buying an additional 2,050,089 shares during the period. Norges Bank bought a new stake in Lowe’s Companies during the 4th quarter worth approximately $1,461,267,000. Northern Trust Corp lifted its stake in Lowe’s Companies by 1.1% in the 3rd quarter. Northern Trust Corp now owns 7,138,824 shares of the home improvement retailer’s stock worth $1,483,733,000 after purchasing an additional 78,901 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its holdings in Lowe’s Companies by 107,710.7% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 5,080,039 shares of the home improvement retailer’s stock valued at $1,012,147,000 after purchasing an additional 5,075,327 shares during the period. Finally, Schroder Investment Management Group grew 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 in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Trading Up 0.3 %

Shares of LOW stock traded up $0.59 during trading hours on Friday, reaching $229.38. The company’s stock had a trading volume of 1,342,403 shares, compared to its average volume of 2,535,643. Lowe’s Companies, Inc. has a one year low of $181.85 and a one year high of $262.49. The stock has a market capitalization of $131.25 billion, a P/E ratio of 17.47, a P/E/G ratio of 1.69 and a beta of 1.13. The firm’s fifty day simple moving average is $239.46 and its 200 day simple moving average is $218.46.

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, beating the consensus estimate 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 net margin of 8.94% and a negative return on equity of 51.42%. The firm’s revenue for the quarter was down 17.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.28 earnings per share. As a group, equities research analysts forecast that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date is Tuesday, April 23rd. Lowe’s Companies’s payout ratio is currently 33.43%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Stifel Nicolaus dropped 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. Citigroup boosted their price objective on Lowe’s Companies from $199.00 to $236.00 and gave the stock a “neutral” rating in a report on Wednesday, February 21st. Mizuho assumed coverage on shares of 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. Wells Fargo & Company boosted their price target on shares of Lowe’s Companies from $235.00 to $250.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. Finally, Gordon Haskett restated a “hold” rating and set a $245.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, April 3rd. 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, Lowe’s Companies currently has a consensus rating of “Hold” and a consensus target price 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.