DORCHESTER WEALTH MANAGEMENT Co Sells 1,000 Shares of Lowe’s Companies, Inc. (LOW)

DORCHESTER WEALTH MANAGEMENT Co lowered its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 16.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,050 shares of the home improvement retailer’s stock after selling 1,000 shares during the period. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Lowe’s Companies were worth $553,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in LOW. BlackRock Inc. grew its holdings in Lowe’s Companies by 0.7% during the fourth quarter. BlackRock Inc. now owns 53,503,078 shares of the home improvement retailer’s stock worth $4,941,544,000 after acquiring an additional 371,008 shares during the period. FMR LLC grew its holdings in Lowe’s Companies by 9.2% in the fourth quarter. FMR LLC now owns 23,893,923 shares of the home improvement retailer’s stock valued at $2,206,843,000 after purchasing an additional 2,014,183 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in Lowe’s Companies by 8,621.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 17,673,178 shares of the home improvement retailer’s stock valued at $191,000 after purchasing an additional 17,470,536 shares during the last quarter. Lunia Capital LP grew its holdings in Lowe’s Companies by 18,944.2% in the fourth quarter. Lunia Capital LP now owns 15,741,007 shares of the home improvement retailer’s stock valued at $15,741,000 after purchasing an additional 15,658,352 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Lowe’s Companies by 1.3% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 14,171,980 shares of the home improvement retailer’s stock valued at $1,308,924,000 after purchasing an additional 182,823 shares during the last quarter. 76.33% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:LOW opened at $113.74 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.11 and a debt-to-equity ratio of 3.95. Lowe’s Companies, Inc. has a 52-week low of $81.16 and a 52-week high of $118.23. The firm has a market capitalization of $90.53 billion, a PE ratio of 22.30, a P/E/G ratio of 1.32 and a beta of 1.27.



Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, February 27th. The home improvement retailer reported $0.80 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.80. Lowe’s Companies had a return on equity of 80.91% and a net margin of 3.24%. The business had revenue of $15.65 billion for the quarter, compared to the consensus estimate of $15.75 billion. During the same period in the prior year, the business earned $0.74 earnings per share. The business’s revenue was up 1.0% on a year-over-year basis. On average, equities analysts anticipate that Lowe’s Companies, Inc. will post 6.06 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be given a $0.48 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $1.92 annualized dividend and a dividend yield of 1.69%. Lowe’s Companies’s dividend payout ratio is currently 37.35%.

Several research firms have weighed in on LOW. Wells Fargo & Co upped their target price on Lowe’s Companies from $110.00 to $120.00 in a report on Thursday, February 28th. Morgan Stanley upped their target price on Lowe’s Companies from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, February 28th. Citigroup upped their target price on Lowe’s Companies from $125.00 to $127.00 and gave the company a “buy” rating in a report on Monday, April 1st. Robert W. Baird upped their target price on Lowe’s Companies from $120.00 to $126.00 and gave the company an “outperform” rating in a report on Wednesday, February 27th. Finally, Loop Capital upped their target price on Lowe’s Companies from $99.00 to $102.00 and gave the company a “hold” rating in a report on Wednesday, February 27th. Eight research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $114.52.

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Lowe’s Companies Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.

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Institutional Ownership by Quarter for Lowe`s Companies (NYSE:LOW)

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