Pictet Asset Management Holding SA Cuts Stake in Lowe's Companies, Inc. (NYSE:LOW)

Pictet Asset Management Holding SA lowered its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 733,037 shares of the home improvement retailer's stock after selling 15,034 shares during the quarter. Pictet Asset Management Holding SA owned about 0.13% of Lowe's Companies worth $180,914,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Klingenstein Fields & Co. LP lifted its position in Lowe's Companies by 1.0% in the 4th quarter. Klingenstein Fields & Co. LP now owns 4,101 shares of the home improvement retailer's stock valued at $1,012,000 after acquiring an additional 39 shares in the last quarter. Powers Advisory Group LLC grew its holdings in Lowe's Companies by 2.7% during the fourth quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer's stock worth $380,000 after buying an additional 40 shares in the last quarter. Saxony Capital Management LLC raised its position in Lowe's Companies by 4.2% in the 4th quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer's stock valued at $245,000 after buying an additional 40 shares during the last quarter. Cordatus Wealth Management LLC lifted its stake in Lowe's Companies by 0.3% during the 4th quarter. Cordatus Wealth Management LLC now owns 15,012 shares of the home improvement retailer's stock valued at $3,705,000 after acquiring an additional 41 shares in the last quarter. Finally, O Brien Greene & Co. Inc boosted its holdings in Lowe's Companies by 1.5% during the 4th quarter. O Brien Greene & Co. Inc now owns 2,896 shares of the home improvement retailer's stock worth $715,000 after acquiring an additional 42 shares during the last quarter. Institutional investors own 74.06% of the company's stock.

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Analysts Set New Price Targets

Several analysts have recently commented on the stock. Sanford C. Bernstein increased their target price on shares of Lowe's Companies from $301.00 to $304.00 and gave the company an "outperform" rating in a report on Thursday, December 12th. StockNews.com upgraded shares of Lowe's Companies from a "hold" rating to a "buy" rating in a research note on Wednesday, March 26th. BNP Paribas raised shares of Lowe's Companies to a "strong sell" rating in a research report on Thursday, February 27th. Bank of America reduced their target price on Lowe's Companies from $305.00 to $290.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Finally, Evercore ISI lifted their price target on Lowe's Companies from $270.00 to $290.00 and gave the stock an "in-line" rating in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $279.71.

Lowe's Companies Price Performance

LOW stock traded up $4.96 during mid-day trading on Monday, reaching $233.38. 3,464,691 shares of the company traded hands, compared to its average volume of 2,422,420. Lowe's Companies, Inc. has a 52-week low of $211.80 and a 52-week high of $287.01. The company has a market capitalization of $130.62 billion, a P/E ratio of 19.46, a P/E/G ratio of 1.96 and a beta of 1.12. The company has a fifty day moving average price of $245.57 and a 200-day moving average price of $257.38.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, beating 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. As a group, 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 announced a quarterly dividend, which will be paid on Wednesday, May 7th. Investors 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 1.97%. The ex-dividend date is Wednesday, April 23rd. Lowe's Companies's payout ratio is 37.67%.

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.