Aristotle Capital Management LLC Sells 25,664 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Aristotle Capital Management LLC trimmed its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,852,429 shares of the home improvement retailer’s stock after selling 25,664 shares during the period. Lowe’s Companies makes up 1.8% of Aristotle Capital Management LLC’s investment portfolio, making the stock its 26th largest holding. Aristotle Capital Management LLC owned about 0.68% of Lowe’s Companies worth $950,779,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. IFS Advisors LLC acquired a new stake in Lowe’s Companies in the fourth quarter worth $25,000. Winch Advisory Services LLC boosted its position in shares of Lowe’s Companies by 56.4% during the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after purchasing an additional 44 shares in the last quarter. Marshall Investment Management LLC acquired a new stake in shares of Lowe’s Companies in the 4th quarter valued at about $31,000. Caisse Des Depots ET Consignations bought a new stake in Lowe’s Companies in the 4th quarter valued at about $33,000. Finally, Millstone Evans Group LLC acquired a new position in Lowe’s Companies during the 4th quarter worth approximately $44,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on LOW shares. Telsey Advisory Group restated an “outperform” rating and set a $305.00 price objective on shares of Lowe’s Companies in a report on Tuesday, April 15th. KeyCorp upgraded shares of Lowe’s Companies from a “sector weight” rating to an “overweight” rating and set a $266.00 price objective on the stock in a report on Friday, April 25th. StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Tuesday, April 15th. Mizuho decreased their target price on shares of Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. Finally, BNP Paribas raised shares of Lowe’s Companies to a “strong sell” rating in a research report on Thursday, February 27th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $278.21.

Lowe’s Companies Stock Up 2.2 %

LOW opened at $227.18 on Friday. Lowe’s Companies, Inc. has a twelve month low of $206.39 and a twelve month high of $287.01. The company’s 50-day moving average price is $227.43 and its two-hundred day moving average price is $249.10. The stock has a market cap of $127.15 billion, a price-to-earnings ratio of 18.95, a PEG ratio of 1.96 and a beta of 1.07.

Lowe’s Companies (NYSE:LOW) last posted 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 negative return on equity of 47.55% and a net margin of 8.19%. The business had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion. As a group, sell-side analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a yield of 2.02%. Lowe’s Companies’s dividend payout ratio is presently 37.67%.

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.