Monetary Management Group Inc. Sells 200 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Monetary Management Group Inc. trimmed its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 8,091 shares of the home improvement retailer’s stock after selling 200 shares during the period. Monetary Management Group Inc.’s holdings in Lowe’s Companies were worth $1,997,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in LOW. Heritage Trust Co bought a new position in Lowe’s Companies during the fourth quarter worth about $2,347,000. Jaffetilchin Investment Partners LLC lifted its position in shares of Lowe’s Companies by 5.6% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 2,535 shares of the home improvement retailer’s stock worth $626,000 after buying an additional 135 shares during the period. Argent Trust Co boosted its stake in Lowe’s Companies by 1.8% in the 4th quarter. Argent Trust Co now owns 35,968 shares of the home improvement retailer’s stock valued at $8,877,000 after buying an additional 649 shares in the last quarter. Treasurer of the State of North Carolina grew its position in Lowe’s Companies by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 251,917 shares of the home improvement retailer’s stock valued at $62,173,000 after acquiring an additional 1,580 shares during the period. Finally, Legacy Financial Advisors Inc. raised its stake in Lowe’s Companies by 10.5% during the fourth quarter. Legacy Financial Advisors Inc. now owns 3,632 shares of the home improvement retailer’s stock worth $896,000 after acquiring an additional 344 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Stock Down 0.8 %

Shares of NYSE LOW opened at $221.35 on Friday. Lowe’s Companies, Inc. has a twelve month low of $206.39 and a twelve month high of $287.01. The stock has a market cap of $123.89 billion, a price-to-earnings ratio of 18.46, a P/E/G ratio of 1.96 and a beta of 1.07. The company’s fifty day moving average is $236.99 and its 200-day moving average is $254.68.

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

Lowe’s Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Wednesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 37.67%.

Wall Street Analysts Forecast Growth

LOW has been the topic of several analyst reports. Mizuho lowered their target price on shares of Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. Evercore ISI upped their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research note on Thursday, December 12th. Telsey Advisory Group reiterated an “outperform” rating and issued a $305.00 target price on shares of Lowe’s Companies in a research note on Wednesday, February 26th. StockNews.com lowered Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Thursday, April 3rd. Finally, Sanford C. Bernstein lifted their price objective on Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $278.74.

Lowe’s Companies Company 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.