Ironwood Financial llc Acquires 1,395 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Ironwood Financial llc grew its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 20.7% in the first quarter, HoldingsChannel reports. The fund owned 8,126 shares of the home improvement retailer’s stock after acquiring an additional 1,395 shares during the period. Ironwood Financial llc’s holdings in Lowe’s Companies were worth $1,545,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. FMR LLC raised its stake in shares of Lowe’s Companies by 10.7% during the 4th quarter. FMR LLC now owns 30,352,415 shares of the home improvement retailer’s stock worth $4,871,866,000 after purchasing an additional 2,940,777 shares in the last quarter. Norges Bank purchased a new position in Lowe’s Companies in the fourth quarter worth $1,285,445,000. Lazard Asset Management LLC raised its stake in shares of Lowe’s Companies by 17.8% in the fourth quarter. Lazard Asset Management LLC now owns 6,502,725 shares of the home improvement retailer’s stock valued at $1,043,751,000 after buying an additional 982,465 shares during the period. Morgan Stanley raised its stake in shares of Lowe’s Companies by 15.6% during the 4th quarter. Morgan Stanley now owns 5,819,866 shares of the home improvement retailer’s stock valued at $934,149,000 after purchasing an additional 783,731 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Lowe’s Companies by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,860,084 shares of the home improvement retailer’s stock worth $459,076,000 after acquiring an additional 37,586 shares during the last quarter. 76.11% of the stock is owned by hedge funds and other institutional investors.

Shares of LOW traded down $1.60 during midday trading on Tuesday, reaching $197.60. The stock had a trading volume of 67,276 shares, compared to its average volume of 4,030,384. The company’s 50-day moving average is $192.90 and its 200 day moving average is $171.72. Lowe’s Companies, Inc. has a 12-month low of $102.83 and a 12-month high of $208.98. The company has a current ratio of 1.38, a quick ratio of 0.57 and a debt-to-equity ratio of 5.20. The company has a market capitalization of $141.71 billion, a price-to-earnings ratio of 28.01, a price-to-earnings-growth ratio of 1.18 and a beta of 1.37.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Tuesday, February 23rd. The home improvement retailer reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.12. The company had revenue of $20.31 billion during the quarter, compared to analysts’ expectations of $19.54 billion. Lowe’s Companies had a return on equity of 211.33% and a net margin of 6.29%. During the same period in the prior year, the business posted $0.94 EPS. Research analysts forecast that Lowe’s Companies, Inc. will post 8.7 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 5th. Investors of record on Wednesday, April 21st will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Tuesday, April 20th. Lowe’s Companies’s dividend payout ratio (DPR) is presently 41.96%.

A number of equities analysts have recently issued reports on LOW shares. JPMorgan Chase & Co. upped their price objective on Lowe’s Companies from $177.00 to $204.00 and gave the stock a “neutral” rating in a report on Monday, April 26th. Gordon Haskett raised Lowe’s Companies from an “accumulate” rating to a “buy” rating and set a $202.00 price target for the company in a research report on Wednesday, March 3rd. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their target price on Lowe’s Companies from $195.00 to $239.00 and gave the stock a “buy” rating in a research report on Tuesday. Royal Bank of Canada raised their price objective on Lowe’s Companies from $203.00 to $206.00 in a research report on Thursday, February 25th. Finally, Citigroup began coverage on Lowe’s Companies in a research report on Monday, March 15th. They set a “buy” rating and a $195.00 price objective for the company. Six analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $183.54.

In other Lowe’s Companies news, Director David H. Batchelder bought 6,250 shares of the business’s stock in a transaction on Friday, February 26th. The shares were acquired at an average cost of $159.48 per share, for a total transaction of $996,750.00. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.07% of the stock is owned by company insiders.

About Lowe’s Companies

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

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

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