Neville Rodie & Shaw Inc. Sells 50 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Neville Rodie & Shaw Inc. decreased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 1.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,912 shares of the home improvement retailer’s stock after selling 50 shares during the quarter. Neville Rodie & Shaw Inc.’s holdings in Lowe’s Companies were worth $679,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of LOW. FMR LLC boosted its stake in shares of Lowe’s Companies by 1.0% in the 4th quarter. FMR LLC now owns 26,270,496 shares of the home improvement retailer’s stock worth $6,483,558,000 after buying an additional 259,766 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Lowe’s Companies by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 11,979,337 shares of the home improvement retailer’s stock valued at $2,952,341,000 after acquiring an additional 245,876 shares during the period. Norges Bank purchased a new position in Lowe’s Companies in the fourth quarter worth about $1,842,954,000. Northern Trust Corp boosted its position in Lowe’s Companies by 16.3% in the fourth quarter. Northern Trust Corp now owns 7,074,391 shares of the home improvement retailer’s stock worth $1,745,960,000 after purchasing an additional 993,833 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Lowe’s Companies by 6.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,035,630 shares of the home improvement retailer’s stock valued at $1,242,793,000 after purchasing an additional 323,371 shares during the period. Institutional investors own 74.06% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on LOW shares. Citigroup reiterated a “neutral” rating and issued a $253.00 price objective (down previously from $269.00) on shares of Lowe’s Companies in a research note on Wednesday, May 14th. Mizuho set a $280.00 target price on shares of Lowe’s Companies and gave the company an “outperform” rating in a report on Thursday, May 22nd. Sanford C. Bernstein set a $266.00 price target on shares of Lowe’s Companies and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. KeyCorp raised shares of Lowe’s Companies from a “sector weight” rating to an “overweight” rating and set a $266.00 price objective for the company in a research report on Friday, April 25th. Finally, Wall Street Zen raised Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $271.12.

Lowe’s Companies Price Performance

Lowe’s Companies stock opened at $224.92 on Friday. Lowe’s Companies, Inc. has a 1 year low of $206.39 and a 1 year high of $287.01. The firm’s 50 day moving average price is $224.30 and its 200-day moving average price is $243.46. The stock has a market cap of $125.89 billion, a P/E ratio of 18.76, a PEG ratio of 1.96 and a beta of 1.00.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.88 by $0.04. The company had revenue of $20.93 billion for the quarter, compared to the consensus estimate of $21.09 billion. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. Lowe’s Companies’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.06 EPS. As a group, equities analysts expect 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. Stockholders of record on Wednesday, April 23rd were issued a $1.15 dividend. The ex-dividend date was Wednesday, April 23rd. This represents a $4.60 annualized dividend and a dividend yield of 2.05%. Lowe’s Companies’s dividend payout ratio (DPR) is 38.11%.

Lowe’s Companies 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.