TD Private Client Wealth LLC Sells 520 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

TD Private Client Wealth LLC lessened its position in Lowe’s Companies, Inc. (NYSE:LOW) by 10.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,605 shares of the home improvement retailer’s stock after selling 520 shares during the period. TD Private Client Wealth LLC’s holdings in Lowe’s Companies were worth $1,137,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. IFS Advisors LLC bought a new stake in Lowe’s Companies in the 4th quarter worth about $25,000. Legacy Investment Solutions LLC bought a new stake in shares of Lowe’s Companies in the third quarter worth approximately $27,000. Winch Advisory Services LLC grew its stake in shares of Lowe’s Companies by 56.4% in the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after acquiring an additional 44 shares during the period. Marshall Investment Management LLC purchased a new position in shares of Lowe’s Companies during the fourth quarter valued at approximately $31,000. Finally, Financial Life Planners bought a new position in Lowe’s Companies during the fourth quarter valued at approximately $45,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Trading Up 0.4 %

NYSE LOW opened at $227.09 on Monday. Lowe’s Companies, Inc. has a 12 month low of $211.80 and a 12 month high of $287.01. The stock has a market cap of $128.23 billion, a PE ratio of 18.94, a P/E/G ratio of 1.96 and a beta of 1.12. The stock’s 50 day moving average is $247.99 and its 200 day moving average is $257.88.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, topping the consensus estimate of $1.83 by $0.10. The firm had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. On average, analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.03%. Lowe’s Companies’s payout ratio is 37.67%.

Wall Street Analyst Weigh In

A number of research firms have commented on LOW. Evercore ISI lifted their target price on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research report on Thursday, December 12th. StockNews.com lowered Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Tuesday, March 11th. Bank of America lowered their target price on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. BNP Paribas upgraded Lowe’s Companies to a “strong sell” rating in a research note on Thursday, February 27th. Finally, Mizuho reduced their price target on shares of Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus target price of $280.83.

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.