Petros Family Wealth LLC Makes New $887,000 Investment in Lowe's Companies, Inc. (NYSE:LOW)

Petros Family Wealth LLC acquired a new stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,594 shares of the home improvement retailer's stock, valued at approximately $887,000. Lowe's Companies accounts for 1.0% of Petros Family Wealth LLC's portfolio, making the stock its 26th biggest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. IFS Advisors LLC bought a new stake in Lowe's Companies in the fourth quarter valued at approximately $25,000. Winch Advisory Services LLC increased its stake in shares of Lowe's Companies by 56.4% during the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock valued at $30,000 after buying an additional 44 shares during the period. Marshall Investment Management LLC purchased a new stake in Lowe's Companies in the fourth quarter worth $31,000. Caisse Des Depots ET Consignations purchased a new stake in shares of Lowe's Companies in the 4th quarter worth about $33,000. Finally, Millstone Evans Group LLC bought a new position in Lowe's Companies in the fourth quarter worth about $44,000. Institutional investors own 74.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on LOW shares. Telsey Advisory Group restated an "outperform" rating and issued a $305.00 target price on shares of Lowe's Companies in a research note on Tuesday. StockNews.com raised shares of Lowe's Companies from a "hold" rating to a "buy" rating in a research report on Tuesday. 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 report on Thursday, February 27th. Mizuho reduced their target price on Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating for the company in a report on Thursday, February 27th. Finally, Bank of America decreased their price objective on shares of Lowe's Companies from $305.00 to $290.00 and set a "buy" rating for the company in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $278.74.

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Lowe's Companies Price Performance

Shares of LOW traded down $3.68 during mid-day trading on Tuesday, reaching $220.46. 2,664,228 shares of the company's stock traded hands, compared to its average volume of 2,466,190. The stock's 50-day moving average is $235.57 and its two-hundred day moving average is $253.99. Lowe's Companies, Inc. has a 12 month low of $206.39 and a 12 month high of $287.01. The stock has a market cap of $123.40 billion, a P/E ratio of 18.39, a P/E/G ratio of 1.96 and a beta of 1.07.

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 for the quarter, topping the consensus estimate of $1.83 by $0.10. The business had revenue of $18.55 billion during 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%. Research analysts predict that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Wednesday, April 23rd. Lowe's Companies's dividend payout ratio is presently 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.