Crowley Wealth Management Inc. Makes New Investment in Lowe's Companies, Inc. (NYSE:LOW)

Crowley Wealth Management Inc. purchased a new stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 22,910 shares of the home improvement retailer's stock, valued at approximately $5,654,000. Lowe's Companies makes up approximately 5.0% of Crowley Wealth Management Inc.'s investment portfolio, making the stock its 3rd largest holding.

Other institutional investors and hedge funds also recently modified their holdings of the company. Stevens Capital Management LP acquired a new position in shares of Lowe's Companies during the 4th quarter worth about $339,000. LPL Financial LLC raised its holdings in Lowe's Companies by 8.1% during the fourth quarter. LPL Financial LLC now owns 879,527 shares of the home improvement retailer's stock worth $217,067,000 after acquiring an additional 65,910 shares in the last quarter. Blueprint Investment Partners LLC boosted its position in Lowe's Companies by 20.1% during the fourth quarter. Blueprint Investment Partners LLC now owns 3,440 shares of the home improvement retailer's stock valued at $849,000 after purchasing an additional 576 shares during the last quarter. Somerset Group LLC grew its stake in Lowe's Companies by 2.5% in the fourth quarter. Somerset Group LLC now owns 4,106 shares of the home improvement retailer's stock valued at $1,013,000 after purchasing an additional 100 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Lowe's Companies during the 4th quarter worth approximately $47,485,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe's Companies Stock Down 1.0 %

Shares of LOW traded down $2.28 during mid-day trading on Tuesday, hitting $230.61. 2,341,957 shares of the company's stock were exchanged, compared to its average volume of 2,279,546. Lowe's Companies, Inc. has a 52 week low of $211.80 and a 52 week high of $287.01. The stock's 50-day simple moving average is $247.67 and its 200-day simple moving average is $257.80. The firm has a market cap of $130.21 billion, a price-to-earnings ratio of 19.23, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12.

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Lowe's Companies (NYSE:LOW - Get Free Report) last released its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.10. The company had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. Analysts forecast that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a dividend yield of 1.99%. Lowe's Companies's dividend payout ratio is 37.67%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on LOW shares. Royal Bank of Canada cut their price objective on Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating for the company in a report on Thursday, February 27th. Stifel Nicolaus increased their price target on shares of Lowe's Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research note on Wednesday, December 11th. BNP Paribas upgraded shares of Lowe's Companies to a "strong sell" rating in a research note on Thursday, February 27th. StockNews.com cut shares of Lowe's Companies from a "buy" rating to a "hold" rating in a report on Tuesday, March 11th. Finally, Wedbush reissued a "neutral" rating and set a $250.00 price target on shares of Lowe's Companies in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $279.71.

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.