Dubuque Bank & Trust Co. decreased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,177 shares of the home improvement retailer’s stock after selling 1,594 shares during the period. Lowe’s Companies accounts for about 1.3% of Dubuque Bank & Trust Co.’s portfolio, making the stock its 21st biggest position. Dubuque Bank & Trust Co.’s holdings in Lowe’s Companies were worth $8,120,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in LOW. Clarfeld Financial Advisors LLC purchased a new stake in shares of Lowe’s Companies in the fourth quarter worth approximately $26,000. CNB Bank purchased a new stake in shares of Lowe’s Companies in the fourth quarter worth approximately $46,000. Capital Financial Planning LLC purchased a new stake in shares of Lowe’s Companies in the fourth quarter worth approximately $46,000. Ironwood Financial llc raised its stake in shares of Lowe’s Companies by 171.0% in the fourth quarter. Ironwood Financial llc now owns 542 shares of the home improvement retailer’s stock worth $50,000 after purchasing an additional 342 shares during the last quarter. Finally, Contravisory Investment Management Inc. raised its stake in shares of Lowe’s Companies by 360.6% in the fourth quarter. Contravisory Investment Management Inc. now owns 654 shares of the home improvement retailer’s stock worth $60,000 after purchasing an additional 512 shares during the last quarter. Institutional investors own 76.31% of the company’s stock.
NYSE:LOW traded down $1.12 during trading hours on Friday, reaching $112.48. The stock had a trading volume of 4,008,986 shares, compared to its average volume of 4,582,404. Lowe’s Companies, Inc. has a 12-month low of $81.16 and a 12-month high of $118.23. The company has a debt-to-equity ratio of 3.95, a current ratio of 0.98 and a quick ratio of 0.11. The company has a market capitalization of $90.33 billion, a P/E ratio of 21.88, a P/E/G ratio of 1.32 and a beta of 1.27.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lowe’s Companies’s payout ratio is currently 37.35%.
Several analysts have recently commented on the company. Zacks Investment Research downgraded Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, February 12th. Citigroup increased their price objective on Lowe’s Companies from $125.00 to $127.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Wells Fargo & Co increased their price target on Lowe’s Companies from $110.00 to $120.00 in a research report on Thursday, February 28th. Morgan Stanley increased their price target on Lowe’s Companies from $115.00 to $123.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Finally, Loop Capital increased their price target on Lowe’s Companies from $99.00 to $102.00 and gave the company a “hold” rating in a research report on Wednesday, February 27th. Eight analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Lowe’s Companies presently has a consensus rating of “Buy” and a consensus target price of $114.52.
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Lowe’s Companies Company 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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