Lowe’s Companies, Inc. (NYSE:LOW) is Dillon & Associates Inc.’s 10th Largest Position

Dillon & Associates Inc. decreased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 77,171 shares of the home improvement retailer’s stock after selling 445 shares during the period. Lowe’s Companies comprises 2.6% of Dillon & Associates Inc.’s investment portfolio, making the stock its 10th biggest position. Dillon & Associates Inc.’s holdings in Lowe’s Companies were worth $19,061,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. 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 position in Lowe’s Companies during the third quarter worth about $27,000. Winch Advisory Services LLC boosted its position in 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 worth $30,000 after acquiring an additional 44 shares during the last quarter. Marshall Investment Management LLC acquired a new position in Lowe’s Companies during the fourth quarter worth about $31,000. Finally, Millstone Evans Group LLC acquired a new position in Lowe’s Companies during the fourth quarter worth about $44,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 0.4 %

Shares of LOW opened at $227.09 on Monday. Lowe’s Companies, Inc. has a fifty-two week low of $211.80 and a fifty-two week high of $287.01. The firm’s 50 day moving average price is $247.99 and its 200 day moving average price is $257.88. The company has a market cap of $128.23 billion, a P/E ratio of 18.94, a PEG ratio of 1.96 and a beta of 1.12.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, beating 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 the consensus estimate of $18.29 billion. Research analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.03%. Lowe’s Companies’s dividend payout ratio is presently 37.67%.

Wall Street Analyst Weigh In

LOW has been the topic of a number of recent research reports. Royal Bank of Canada lowered their price target on shares of Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 27th. Truist Financial decreased their target price on shares of Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Wedbush reiterated a “neutral” rating and issued a $250.00 target price on shares of Lowe’s Companies in a report on Thursday, December 12th. StockNews.com lowered shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Tuesday, March 11th. Finally, Mizuho decreased their target price on shares of Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Lowe’s Companies presently has an average rating of “Moderate Buy” and an average target price of $280.83.

Lowe’s Companies Company 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.