Partners in Financial Planning Buys New Shares in Lowe's Companies, Inc. (NYSE:LOW)

Partners in Financial Planning acquired a new position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,348 shares of the home improvement retailer's stock, valued at approximately $579,000.

A number of other large investors have also recently made changes to their positions in the business. Principal Financial Group Inc. raised its holdings in Lowe's Companies by 4.0% during the 3rd quarter. Principal Financial Group Inc. now owns 649,601 shares of the home improvement retailer's stock valued at $175,944,000 after buying an additional 24,812 shares during the period. Miracle Mile Advisors LLC increased its position in Lowe's Companies by 288.6% during the fourth quarter. Miracle Mile Advisors LLC now owns 19,028 shares of the home improvement retailer's stock valued at $4,696,000 after acquiring an additional 14,132 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Lowe's Companies by 1.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 362,209 shares of the home improvement retailer's stock valued at $98,104,000 after acquiring an additional 4,435 shares during the period. Nations Financial Group Inc. IA ADV lifted its holdings in shares of Lowe's Companies by 2.6% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 19,830 shares of the home improvement retailer's stock worth $4,894,000 after acquiring an additional 501 shares during the last quarter. Finally, Great Lakes Advisors LLC boosted its stake in shares of Lowe's Companies by 1.5% during the 4th quarter. Great Lakes Advisors LLC now owns 472,838 shares of the home improvement retailer's stock worth $116,696,000 after purchasing an additional 7,187 shares during the period. 74.06% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

A number of research firms recently weighed in on LOW. Mizuho reduced their price objective on shares of Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating on the stock in a research report on Thursday, February 27th. Telsey Advisory Group reissued an "outperform" rating and set a $305.00 price target on shares of Lowe's Companies in a research note on Wednesday, February 26th. Wedbush restated a "neutral" rating and set a $250.00 price objective on shares of Lowe's Companies in a report on Thursday, December 12th. StockNews.com upgraded Lowe's Companies from a "hold" rating to a "buy" rating in a research note on Wednesday, March 26th. Finally, Royal Bank of Canada lowered their target price on shares of Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating for the company in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, Lowe's Companies currently has an average rating of "Moderate Buy" and a consensus price target of $279.71.

Lowe's Companies Stock Up 0.2 %

Shares of NYSE LOW traded up $0.49 during trading hours on Tuesday, hitting $233.72. 2,212,750 shares of the stock were exchanged, compared to its average volume of 2,421,822. Lowe's Companies, Inc. has a 12 month low of $211.80 and a 12 month high of $287.01. The firm has a fifty day moving average price of $244.40 and a 200-day moving average price of $257.09. The company has a market cap of $130.82 billion, a PE ratio of 19.49, a PEG ratio of 1.96 and a beta of 1.12.

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

Lowe's Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be issued a dividend of $1.15 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a dividend yield of 1.97%. Lowe's Companies's dividend payout ratio (DPR) is currently 37.67%.

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.