AssuredPartners Investment Advisors LLC Invests $1.26 Million in Lowe's Companies, Inc. (NYSE:LOW)

AssuredPartners Investment Advisors LLC purchased a new position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,100 shares of the home improvement retailer's stock, valued at approximately $1,259,000.

Several other institutional investors also recently modified their holdings of the business. State Street Corp lifted its holdings in Lowe's Companies by 1.9% in the third quarter. State Street Corp now owns 25,013,655 shares of the home improvement retailer's stock valued at $6,774,948,000 after buying an additional 460,851 shares during the period. Geode Capital Management LLC raised its position in shares of Lowe's Companies by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 11,733,461 shares of the home improvement retailer's stock worth $3,169,041,000 after acquiring an additional 187,473 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Lowe's Companies by 10.2% in the 4th quarter. Bank of New York Mellon Corp now owns 4,186,720 shares of the home improvement retailer's stock valued at $1,033,283,000 after purchasing an additional 385,994 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Lowe's Companies by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,459,064 shares of the home improvement retailer's stock valued at $853,697,000 after purchasing an additional 90,012 shares in the last quarter. Finally, Amundi grew its stake in Lowe's Companies by 60.1% during the fourth quarter. Amundi now owns 2,603,305 shares of the home improvement retailer's stock worth $642,730,000 after purchasing an additional 976,823 shares during the period. Institutional investors own 74.06% of the company's stock.

Remove Ads

Lowe's Companies Price Performance

Shares of Lowe's Companies stock traded up $2.93 on Monday, reaching $231.35. 937,760 shares of the company traded hands, compared to its average volume of 2,489,103. The firm has a market capitalization of $129.49 billion, a PE ratio of 19.30, a PEG ratio of 1.96 and a beta of 1.12. The company has a 50 day moving average of $245.57 and a 200 day moving average of $257.38. Lowe's Companies, Inc. has a 52 week low of $211.80 and a 52 week high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.10. The firm 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%. As a group, analysts anticipate that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on LOW shares. Royal Bank of Canada dropped their price target on Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating on the stock in a research note on Thursday, February 27th. Mizuho decreased their price target on shares of Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating for the company in a research note on Thursday, February 27th. Guggenheim reissued a "buy" rating and set a $300.00 price objective on shares of Lowe's Companies in a research report on Thursday, December 12th. Wedbush reaffirmed a "neutral" rating and issued a $250.00 target price on shares of Lowe's Companies in a research report on Thursday, December 12th. Finally, Evercore ISI raised their price objective on Lowe's Companies from $270.00 to $290.00 and gave the company an "in-line" rating in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $279.71.

About Lowe's Companies

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.