Linscomb & Williams Inc. Has $2.83 Million Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Linscomb & Williams Inc. cut its position in Lowe’s Companies, Inc. (NYSE:LOW) by 2.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,733 shares of the home improvement retailer’s stock after selling 255 shares during the quarter. Linscomb & Williams Inc.’s holdings in Lowe’s Companies were worth $2,834,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of LOW. Paragon Private Wealth Management LLC lifted its position in shares of Lowe’s Companies by 13.5% during the 4th quarter. Paragon Private Wealth Management LLC now owns 4,880 shares of the home improvement retailer’s stock worth $1,086,000 after purchasing an additional 581 shares during the last quarter. ING Groep NV boosted its position in shares of Lowe’s Companies by 18,786.5% in the fourth quarter. ING Groep NV now owns 106,709 shares of the home improvement retailer’s stock valued at $23,748,000 after acquiring an additional 106,144 shares during the period. Clifford Swan Investment Counsel LLC grew its stake in shares of Lowe’s Companies by 0.3% in the fourth quarter. Clifford Swan Investment Counsel LLC now owns 215,442 shares of the home improvement retailer’s stock worth $47,947,000 after acquiring an additional 541 shares during the last quarter. Cary Street Partners Investment Advisory LLC increased its position in Lowe’s Companies by 1.2% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 45,072 shares of the home improvement retailer’s stock worth $10,031,000 after acquiring an additional 540 shares during the period. Finally, Harbour Trust & Investment Management Co acquired a new position in Lowe’s Companies during the 4th quarter valued at $5,890,000. Institutional investors own 74.06% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on LOW shares. Royal Bank of Canada restated a “sector perform” rating and set a $246.00 price objective on shares of Lowe’s Companies in a report on Wednesday. The Goldman Sachs Group upped their price target on Lowe’s Companies from $238.00 to $262.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. DA Davidson decreased their price objective on Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating on the stock in a report on Wednesday. Stifel Nicolaus upped their target price on Lowe’s Companies from $225.00 to $250.00 and gave the company a “hold” rating in a research note on Monday, May 13th. Finally, Zelman & Associates reaffirmed a “neutral” rating and issued a $265.00 target price on shares of Lowe’s Companies in a research report on Tuesday, April 2nd. Fourteen research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Lowe’s Companies has a consensus rating of “Hold” and a consensus target price of $251.33.

Lowe’s Companies Trading Down 1.0 %

Shares of LOW traded down $2.27 during mid-day trading on Friday, hitting $215.21. 2,632,395 shares of the company traded hands, compared to its average volume of 2,182,965. The stock has a market capitalization of $123.14 billion, a price-to-earnings ratio of 17.29, a PEG ratio of 1.67 and a beta of 1.15. The business has a 50-day moving average of $236.44 and a 200 day moving average of $225.02. Lowe’s Companies, Inc. has a one year low of $181.85 and a one year high of $262.49.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Tuesday, May 21st. The home improvement retailer reported $3.06 EPS for the quarter, beating analysts’ consensus estimates of $2.94 by $0.12. The firm had revenue of $21.36 billion for the quarter, compared to analyst estimates of $21.14 billion. Lowe’s Companies had a negative return on equity of 48.52% and a net margin of 8.46%. The business’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period last year, the company earned $3.67 EPS. As a group, analysts anticipate that Lowe’s Companies, Inc. will post 12.22 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th were given a dividend of $1.10 per share. The ex-dividend date was Tuesday, April 23rd. This represents a $4.40 dividend on an annualized basis and a yield of 2.04%. Lowe’s Companies’s payout ratio is presently 35.34%.

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.