Boyd Watterson Asset Management LLC OH Has $452,000 Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Boyd Watterson Asset Management LLC OH lessened its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 46.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,030 shares of the home improvement retailer’s stock after selling 1,750 shares during the quarter. Boyd Watterson Asset Management LLC OH’s holdings in Lowe’s Companies were worth $452,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Park Place Capital Corp grew its stake in shares of Lowe’s Companies by 8.8% in the 3rd quarter. Park Place Capital Corp now owns 716 shares of the home improvement retailer’s stock valued at $149,000 after buying an additional 58 shares in the last quarter. Strategic Blueprint LLC lifted its holdings in Lowe’s Companies by 1.1% in the 3rd quarter. Strategic Blueprint LLC now owns 9,118 shares of the home improvement retailer’s stock worth $1,895,000 after purchasing an additional 101 shares during the last quarter. Caprock Group LLC lifted its holdings in Lowe’s Companies by 4.7% in the 3rd quarter. Caprock Group LLC now owns 5,771 shares of the home improvement retailer’s stock worth $1,200,000 after purchasing an additional 258 shares during the last quarter. CX Institutional lifted its holdings in Lowe’s Companies by 693.8% in the 3rd quarter. CX Institutional now owns 28,830 shares of the home improvement retailer’s stock worth $5,992,000 after purchasing an additional 25,198 shares during the last quarter. Finally, DeDora Capital Inc. lifted its holdings in Lowe’s Companies by 17.1% in the 3rd quarter. DeDora Capital Inc. now owns 1,865 shares of the home improvement retailer’s stock worth $388,000 after purchasing an additional 272 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LOW. Evercore ISI cut their price target on Lowe’s Companies from $280.00 to $275.00 and set an “in-line” rating for the company in a report on Tuesday, April 16th. Gordon Haskett reiterated a “hold” rating and set a $245.00 price target on shares of Lowe’s Companies in a report on Wednesday, April 3rd. Oppenheimer restated a “market perform” rating and set a $230.00 price objective on shares of Lowe’s Companies in a research report on Monday, March 4th. StockNews.com cut Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Finally, DA Davidson reiterated a “neutral” rating and issued a $270.00 price target on shares of Lowe’s Companies in a research report on Wednesday, March 27th. Fifteen investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Lowe’s Companies has an average rating of “Hold” and an average price target of $252.52.

Lowe’s Companies Stock Performance

NYSE:LOW traded down $0.09 during mid-day trading on Friday, hitting $229.87. The company had a trading volume of 2,001,196 shares, compared to its average volume of 2,110,073. Lowe’s Companies, Inc. has a fifty-two week low of $181.85 and a fifty-two week high of $262.49. The business’s fifty day moving average is $239.98 and its two-hundred day moving average is $219.70. The firm has a market cap of $131.53 billion, a P/E ratio of 17.47, a P/E/G ratio of 1.70 and a beta of 1.13.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.09. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The firm had revenue of $18.60 billion for the quarter, compared to analyst estimates of $18.47 billion. During the same quarter in the prior year, the firm posted $2.28 earnings per share. The company’s quarterly revenue was down 17.1% on a year-over-year basis. Equities analysts forecast that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio is currently 33.43%.

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.