Lowe's Companies, Inc. (NYSE:LOW) Shares Sold by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co lowered its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 4.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 51,770 shares of the home improvement retailer's stock after selling 2,385 shares during the quarter. Elo Mutual Pension Insurance Co's holdings in Lowe's Companies were worth $12,777,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LOW. IFS Advisors LLC purchased a new stake in shares of Lowe's Companies during the fourth quarter worth about $25,000. Legacy Investment Solutions LLC acquired a new stake in Lowe's Companies in the 3rd quarter worth about $27,000. Winch Advisory Services LLC boosted its holdings in Lowe's Companies by 56.4% in the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock worth $30,000 after buying an additional 44 shares during the last quarter. Marshall Investment Management LLC acquired a new position in shares of Lowe's Companies during the fourth quarter valued at approximately $31,000. Finally, Millstone Evans Group LLC purchased a new position in shares of Lowe's Companies in the fourth quarter valued at approximately $44,000. Hedge funds and other institutional investors own 74.06% of the company's stock.

Lowe's Companies Price Performance

Shares of LOW stock traded up $3.35 on Monday, hitting $231.77. The stock had a trading volume of 831,953 shares, compared to its average volume of 2,488,464. The company's 50 day moving average price is $245.57 and its 200-day moving average price is $257.38. Lowe's Companies, Inc. has a 1 year low of $211.80 and a 1 year high of $287.01. The firm has a market capitalization of $129.72 billion, a P/E ratio of 19.35, a P/E/G ratio of 1.96 and a beta of 1.12.

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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. 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 for the quarter, compared to analyst estimates of $18.29 billion. On average, equities analysts forecast that Lowe's Companies, Inc. will post 11.9 EPS 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. Shareholders of record on Wednesday, April 23rd will be paid a $1.15 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a dividend yield of 1.98%. Lowe's Companies's dividend payout ratio (DPR) is 37.67%.

Analyst Ratings Changes

Several brokerages recently commented on LOW. BNP Paribas upgraded Lowe's Companies to a "strong sell" rating in a research report on Thursday, February 27th. StockNews.com upgraded shares of Lowe's Companies from a "hold" rating to a "buy" rating in a research report on Wednesday, March 26th. Stifel Nicolaus boosted their price target on shares of Lowe's Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research report on Wednesday, December 11th. Mizuho dropped their price objective 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. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $305.00 target price on shares of Lowe's Companies in a research note on Wednesday, February 26th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, Lowe's Companies has a consensus rating of "Moderate Buy" and an average target price 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.