Founders Financial Alliance LLC Has $2.58 Million Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Founders Financial Alliance LLC trimmed its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 4.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,580 shares of the home improvement retailer’s stock after selling 577 shares during the period. Lowe’s Companies comprises about 1.0% of Founders Financial Alliance LLC’s investment portfolio, making the stock its 18th biggest position. Founders Financial Alliance LLC’s holdings in Lowe’s Companies were worth $2,577,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Morgan Stanley boosted its position in shares of Lowe’s Companies by 1.1% during the 3rd quarter. Morgan Stanley now owns 10,930,693 shares of the home improvement retailer’s stock valued at $2,271,836,000 after acquiring an additional 116,855 shares in the last quarter. Norges Bank bought a new position in Lowe’s Companies during the 4th quarter valued at about $1,638,746,000. Northern Trust Corp lifted its holdings in Lowe’s Companies by 1.1% during the 3rd quarter. Northern Trust Corp now owns 7,138,824 shares of the home improvement retailer’s stock valued at $1,483,733,000 after purchasing an additional 78,901 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Lowe’s Companies by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,211,131 shares of the home improvement retailer’s stock valued at $714,637,000 after purchasing an additional 41,451 shares during the last quarter. Finally, Schroder Investment Management Group lifted its holdings in Lowe’s Companies by 189.5% during the 3rd quarter. Schroder Investment Management Group now owns 2,798,268 shares of the home improvement retailer’s stock valued at $581,592,000 after purchasing an additional 1,831,727 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Price Performance

Shares of Lowe’s Companies stock traded down $2.27 on Friday, hitting $215.21. The company had a trading volume of 2,546,526 shares, compared to its average volume of 2,449,282. The firm has a market capitalization of $123.14 billion, a P/E ratio of 17.40, a P/E/G ratio of 1.71 and a beta of 1.15. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49. The stock has a 50-day moving average of $237.03 and a 200-day moving average of $224.66.

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

Lowe’s Companies Announces Dividend

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

Analyst Upgrades and Downgrades

LOW has been the subject of several analyst reports. Citigroup cut their price target on shares of Lowe’s Companies from $243.00 to $240.00 and set a “neutral” rating for the company in a report on Tuesday, May 7th. Zelman & Associates reissued a “neutral” rating and set a $265.00 price target on shares of Lowe’s Companies in a report on Tuesday, April 2nd. UBS Group boosted their target price on shares of Lowe’s Companies from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Oppenheimer reaffirmed a “market perform” rating and issued a $230.00 target price on shares of Lowe’s Companies in a research note on Monday, March 4th. Fourteen investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $251.33.

Lowe’s Companies 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.