Lowe’s Companies, Inc. (NYSE:LOW) Holdings Reduced by Boltwood Capital Management

Boltwood Capital Management lowered its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 9.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,730 shares of the home improvement retailer’s stock after selling 2,625 shares during the period. Lowe’s Companies accounts for about 1.8% of Boltwood Capital Management’s holdings, making the stock its 15th biggest position. Boltwood Capital Management’s holdings in Lowe’s Companies were worth $2,707,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the stock. Bollard Group LLC raised its holdings in Lowe’s Companies by 0.5% during the 4th quarter. Bollard Group LLC now owns 21,022 shares of the home improvement retailer’s stock valued at $1,942,000 after buying an additional 103 shares during the last quarter. Howe & Rusling Inc. raised its holdings in Lowe’s Companies by 13.3% during the 4th quarter. Howe & Rusling Inc. now owns 938 shares of the home improvement retailer’s stock valued at $87,000 after buying an additional 110 shares during the last quarter. Vaughan David Investments LLC IL raised its holdings in Lowe’s Companies by 2.1% during the 4th quarter. Vaughan David Investments LLC IL now owns 5,869 shares of the home improvement retailer’s stock valued at $542,000 after buying an additional 118 shares during the last quarter. ZWJ Investment Counsel Inc. raised its holdings in Lowe’s Companies by 1.6% during the 4th quarter. ZWJ Investment Counsel Inc. now owns 7,386 shares of the home improvement retailer’s stock valued at $682,000 after buying an additional 118 shares during the last quarter. Finally, Dakota Wealth Management raised its holdings in Lowe’s Companies by 1.2% during the 4th quarter. Dakota Wealth Management now owns 10,542 shares of the home improvement retailer’s stock valued at $1,091,000 after buying an additional 120 shares during the last quarter. 76.31% of the stock is owned by institutional investors.

LOW has been the topic of a number of research analyst reports. Wedbush boosted their price objective on shares of Lowe’s Companies from $95.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, February 28th. Barclays downgraded shares of Lowe’s Companies from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $120.00 to $105.00 in a research report on Wednesday, January 9th. Evercore ISI initiated coverage on shares of Lowe’s Companies in a research report on Wednesday, March 20th. They set an “outperform” rating and a $120.00 price objective on the stock. Robert W. Baird boosted their price objective on shares of Lowe’s Companies from $120.00 to $126.00 and gave the company an “outperform” rating in a research report on Wednesday, February 27th. Finally, Zacks Investment Research raised shares of Lowe’s Companies from a “hold” rating to a “strong-buy” rating and set a $109.00 price objective on the stock in a research report on Wednesday, January 23rd. Eight equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Lowe’s Companies has an average rating of “Buy” and a consensus price target of $114.52.

Shares of NYSE:LOW traded down $1.12 during midday trading on Friday, reaching $112.48. The company’s stock had a trading volume of 4,008,986 shares, compared to its average volume of 4,582,404. The company has a market capitalization of $90.33 billion, a PE ratio of 21.88, a P/E/G ratio of 1.32 and a beta of 1.27. The company has a debt-to-equity ratio of 3.95, a current ratio of 0.98 and a quick ratio of 0.11. Lowe’s Companies, Inc. has a 12-month low of $81.16 and a 12-month high of $118.23.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, February 27th. The home improvement retailer reported $0.80 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.80. Lowe’s Companies had a net margin of 3.24% and a return on equity of 80.91%. The firm had revenue of $15.65 billion for the quarter, compared to the consensus estimate of $15.75 billion. During the same period in the prior year, the firm earned $0.74 EPS. The company’s revenue was up 1.0% compared to the same quarter last year. Equities analysts anticipate that Lowe’s Companies, Inc. will post 6.06 EPS for the current fiscal year.

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 $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.71%. The ex-dividend date is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is 37.35%.

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Lowe’s Companies Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.

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Institutional Ownership by Quarter for Lowe`s Companies (NYSE:LOW)

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