Tidal Investments LLC Boosts Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Tidal Investments LLC increased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 5.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 45,486 shares of the home improvement retailer’s stock after purchasing an additional 2,179 shares during the period. Tidal Investments LLC’s holdings in Lowe’s Companies were worth $11,226,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Klingenstein Fields & Co. LP lifted its holdings in shares of 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 purchasing an additional 39 shares during the last quarter. Saxony Capital Management LLC raised its stake in Lowe’s Companies by 4.2% during the 4th quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer’s stock valued at $245,000 after acquiring an additional 40 shares during the last quarter. Powers Advisory Group LLC raised its stake in Lowe’s Companies by 2.7% during the 4th quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer’s stock valued at $380,000 after acquiring an additional 40 shares during the last quarter. Gen Wealth Partners Inc raised its stake in Lowe’s Companies by 1.9% during the 4th quarter. Gen Wealth Partners Inc now owns 2,163 shares of the home improvement retailer’s stock valued at $534,000 after acquiring an additional 40 shares during the last quarter. Finally, Cordatus Wealth Management LLC raised 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 during the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Up 0.8%

Shares of Lowe’s Companies stock opened at $234.20 on Monday. Lowe’s Companies, Inc. has a fifty-two week low of $206.39 and a fifty-two week high of $287.01. The firm has a market cap of $131.09 billion, a PE ratio of 19.53, a P/E/G ratio of 1.96 and a beta of 1.00. The business’s fifty day moving average is $224.34 and its two-hundred day moving average is $245.71.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. Equities research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were given a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 1.96%. The ex-dividend date was Wednesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is currently 37.67%.

Analyst Ratings Changes

Several research firms have commented on LOW. JPMorgan Chase & Co. reduced their price objective on Lowe’s Companies from $300.00 to $263.00 and set an “overweight” rating for the company in a research note on Tuesday, May 6th. BNP Paribas raised Lowe’s Companies to a “strong sell” rating in a research note on Thursday, February 27th. Citigroup reaffirmed a “neutral” rating and set a $253.00 price objective (down from $269.00) on shares of Lowe’s Companies in a research note on Wednesday. Wells Fargo & Company reduced their price objective on Lowe’s Companies from $285.00 to $260.00 and set an “overweight” rating for the company in a research note on Thursday, May 8th. Finally, DA Davidson reiterated a “neutral” rating and set a $270.00 target price on shares of Lowe’s Companies in a research report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $277.00.

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.