Lowe’s Companies, Inc. (NYSE:LOW) Shares Acquired by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,875 shares of the home improvement retailer’s stock after purchasing an additional 338 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Lowe’s Companies were worth $2,865,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wetzel Investment Advisors Inc. acquired a new position in Lowe’s Companies during the fourth quarter worth $25,000. Orion Capital Management LLC purchased a new stake in shares of Lowe’s Companies in the 3rd quarter valued at $26,000. VisionPoint Advisory Group LLC lifted its stake in Lowe’s Companies by 85.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 70 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new position in Lowe’s Companies during the 3rd quarter valued at about $40,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new position in Lowe’s Companies in the 4th quarter valued at about $47,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Gordon Haskett reissued a “hold” rating and set a $245.00 price target on shares of Lowe’s Companies in a research report on Wednesday, April 3rd. Morgan Stanley increased their price objective on Lowe’s Companies from $240.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. StockNews.com cut Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, February 28th. Mizuho assumed coverage on Lowe’s Companies in a research report on Tuesday, March 19th. They issued a “buy” rating and a $280.00 price target on the stock. Finally, The Goldman Sachs Group boosted their price objective on Lowe’s Companies from $238.00 to $262.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Fifteen equities 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.com, the company currently has an average rating of “Hold” and an average target price of $252.52.

Lowe’s Companies Trading Down 0.3 %

Shares of LOW traded down $0.67 during mid-day trading on Thursday, hitting $229.62. 683,816 shares of the company’s stock were exchanged, compared to its average volume of 2,496,734. The firm has a market capitalization of $131.39 billion, a P/E ratio of 17.50, a P/E/G ratio of 1.73 and a beta of 1.13. Lowe’s Companies, Inc. has a fifty-two week low of $181.85 and a fifty-two week high of $262.49. The business’s 50 day moving average is $239.88 and its two-hundred day moving average is $219.43.

Lowe’s Companies (NYSE:LOW) last announced its 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. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The company 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 business posted $2.28 EPS. The company’s revenue was down 17.1% on a year-over-year basis. On average, equities research analysts forecast that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be paid a $1.10 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $4.40 annualized dividend and a yield of 1.92%. Lowe’s Companies’s dividend 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.