Lowe's Companies, Inc. (NYSE:LOW) Shares Acquired by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. raised its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 118.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,155 shares of the home improvement retailer's stock after acquiring an additional 1,710 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in Lowe's Companies were worth $779,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of LOW. Meeder Asset Management Inc. lifted its holdings in Lowe's Companies by 5.6% during the 4th quarter. Meeder Asset Management Inc. now owns 25,172 shares of the home improvement retailer's stock worth $6,212,000 after buying an additional 1,343 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Lowe's Companies by 75.1% in the fourth quarter. Wellington Management Group LLP now owns 1,262,421 shares of the home improvement retailer's stock valued at $311,566,000 after acquiring an additional 541,305 shares in the last quarter. Partners in Financial Planning purchased a new position in Lowe's Companies in the fourth quarter valued at $579,000. Clearbridge Investments LLC grew its stake in Lowe's Companies by 0.3% during the 4th quarter. Clearbridge Investments LLC now owns 324,318 shares of the home improvement retailer's stock worth $80,042,000 after purchasing an additional 985 shares in the last quarter. Finally, United Bank grew its stake in Lowe's Companies by 10.0% during the 4th quarter. United Bank now owns 11,113 shares of the home improvement retailer's stock worth $2,743,000 after purchasing an additional 1,014 shares in the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

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Lowe's Companies Stock Down 5.4 %

Shares of NYSE LOW traded down $12.75 during mid-day trading on Thursday, hitting $222.53. 4,474,642 shares of the company were exchanged, compared to its average volume of 2,425,989. The firm has a market cap of $124.55 billion, a price-to-earnings ratio of 18.56, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. The stock has a 50 day simple moving average of $243.17 and a 200-day simple moving average of $256.70. Lowe's Companies, Inc. has a 1-year low of $211.80 and a 1-year high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, topping the consensus estimate of $1.83 by $0.10. Lowe's Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The company had revenue of $18.55 billion during the quarter, compared to analysts' expectations of $18.29 billion. 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lowe's Companies's payout ratio is 37.67%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LOW. Sanford C. Bernstein lifted their price objective on Lowe's Companies from $301.00 to $304.00 and gave the company an "outperform" rating in a research note on Thursday, December 12th. Wedbush reiterated a "neutral" rating and issued a $250.00 price target on shares of Lowe's Companies in a research note on Thursday, December 12th. Bank of America dropped their price objective on shares of Lowe's Companies from $305.00 to $290.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Mizuho cut their price target on Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating on the stock in a research note on Thursday, February 27th. Finally, StockNews.com cut Lowe's Companies from a "buy" rating to a "hold" rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $280.35.

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.