Aptus Capital Advisors LLC trimmed its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 7.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,969 shares of the home improvement retailer’s stock after selling 233 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Lowe’s Companies were worth $255,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of LOW. Cordasco Financial Network acquired a new stake in Lowe’s Companies in the 1st quarter valued at $25,000. Benjamin Edwards Inc. lifted its stake in shares of Lowe’s Companies by 43.0% in the first quarter. Benjamin Edwards Inc. now owns 296 shares of the home improvement retailer’s stock valued at $25,000 after buying an additional 89 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its holdings in shares of Lowe’s Companies by 146.3% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 303 shares of the home improvement retailer’s stock valued at $26,000 after buying an additional 180 shares during the last quarter. Filbrandt Wealth Management LLC bought a new stake in shares of Lowe’s Companies during the fourth quarter worth about $29,000. Finally, Islay Capital Management LLC acquired a new stake in shares of Lowe’s Companies in the 4th quarter worth about $30,000. 75.15% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies stock opened at $113.78 on Friday. The firm has a 50 day simple moving average of $97.12 and a 200 day simple moving average of $109.85. The company has a current ratio of 1.01, a quick ratio of 0.14 and a debt-to-equity ratio of 10.50. Lowe’s Companies, Inc. has a 1-year low of $60.00 and a 1-year high of $126.73. The firm has a market capitalization of $83.34 billion, a price-to-earnings ratio of 20.80, a P/E/G ratio of 1.31 and a beta of 1.38.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $0.94 EPS for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.03. Lowe’s Companies had a return on equity of 173.56% and a net margin of 5.93%. The firm had revenue of $16.03 billion during the quarter, compared to analyst estimates of $16.13 billion. During the same period last year, the company earned $0.80 earnings per share. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, equities research analysts forecast that Lowe’s Companies, Inc. will post 5.75 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Wednesday, April 22nd were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date was Tuesday, April 21st. Lowe’s Companies’s payout ratio is presently 38.46%.

In other news, CEO Marvin R. Ellison purchased 10,000 shares of the stock in a transaction dated Friday, March 6th. The shares were purchased at an average cost of $103.86 per share, with a total value of $1,038,600.00. Following the completion of the acquisition, the chief executive officer now owns 90,090 shares in the company, valued at approximately $9,356,747.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.07% of the stock is owned by insiders.

A number of analysts have commented on LOW shares. UBS Group decreased their price objective on Lowe’s Companies from $140.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. Stifel Nicolaus decreased their price target on Lowe’s Companies from $115.00 to $94.00 and set a “hold” rating for the company in a report on Thursday, April 2nd. Wedbush reissued an “outperform” rating and issued a $135.00 price target on shares of Lowe’s Companies in a research report on Wednesday, February 26th. Zacks Investment Research downgraded shares of Lowe’s Companies from a “hold” rating to a “sell” rating and set a $108.00 price objective on the stock. in a report on Tuesday, April 28th. Finally, Wolfe Research upgraded shares of Lowe’s Companies from a “peer perform” rating to an “outperform” rating in a research note on Wednesday, March 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-three have assigned a buy rating to the company. Lowe’s Companies currently has a consensus rating of “Buy” and a consensus target price of $124.48.

About Lowe’s Companies

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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