Newman Dignan & Sheerar Inc. trimmed its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 2.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,482 shares of the home improvement retailer’s stock after selling 545 shares during the period. Newman Dignan & Sheerar Inc.’s holdings in Lowe’s Companies were worth $2,023,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Clarfeld Financial Advisors LLC purchased a new stake in shares of Lowe’s Companies in the 4th quarter worth about $26,000. Capital Financial Planning LLC purchased a new stake in shares of Lowe’s Companies in the 4th quarter worth about $46,000. CNB Bank purchased a new stake in shares of Lowe’s Companies in the 4th quarter worth about $46,000. Ironwood Financial llc lifted its position in shares of Lowe’s Companies by 171.0% in the 4th quarter. Ironwood Financial llc now owns 542 shares of the home improvement retailer’s stock worth $50,000 after purchasing an additional 342 shares during the period. Finally, Contravisory Investment Management Inc. lifted its position in shares of Lowe’s Companies by 360.6% in the 4th quarter. Contravisory Investment Management Inc. now owns 654 shares of the home improvement retailer’s stock worth $60,000 after purchasing an additional 512 shares during the period. 75.65% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently commented on the stock. Citigroup raised their target price on shares of Lowe’s Companies from $125.00 to $127.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Evercore ISI assumed coverage on shares of Lowe’s Companies in a research report on Wednesday, March 20th. They issued an “outperform” rating and a $120.00 target price for the company. Morgan Stanley set a $115.00 target price on shares of Lowe’s Companies and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Wells Fargo & Co raised their target price on shares of Lowe’s Companies from $110.00 to $120.00 in a research report on Thursday, February 28th. Finally, KeyCorp raised their target price on shares of Lowe’s Companies from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, February 28th. Eight equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $114.13.

Shares of Lowe’s Companies stock opened at $113.14 on Wednesday. The company has a debt-to-equity ratio of 3.95, a current ratio of 0.98 and a quick ratio of 0.11. The stock has a market capitalization of $90.05 billion, a P/E ratio of 22.01, a price-to-earnings-growth ratio of 1.34 and a beta of 1.27. Lowe’s Companies, Inc. has a 1 year low of $81.16 and a 1 year high of $117.70.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, February 27th. The home improvement retailer reported $0.80 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.80. The business had revenue of $15.65 billion during the quarter, compared to analyst estimates of $15.75 billion. Lowe’s Companies had a net margin of 3.24% and a return on equity of 80.91%. Lowe’s Companies’s revenue was up 1.0% compared to the same quarter last year. During the same period last year, the business earned $0.74 EPS. Equities research analysts expect that Lowe’s Companies, Inc. will post 6.06 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $1.92 dividend on an annualized basis and a yield of 1.70%. Lowe’s Companies’s dividend payout ratio is currently 37.35%.

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Lowe’s Companies Company Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.

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Institutional Ownership by Quarter for Lowe`s Companies (NYSE:LOW)

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