Hartline Investment Corp Sells 689 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Hartline Investment Corp lowered its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,624 shares of the home improvement retailer’s stock after selling 689 shares during the quarter. Lowe’s Companies makes up 1.2% of Hartline Investment Corp’s investment portfolio, making the stock its 17th largest position. Hartline Investment Corp’s holdings in Lowe’s Companies were worth $7,260,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Private Management Group Inc. increased its position in Lowe’s Companies by 4.0% in the fourth quarter. Private Management Group Inc. now owns 1,205 shares of the home improvement retailer’s stock worth $268,000 after buying an additional 46 shares in the last quarter. First Command Advisory Services Inc. grew its position in shares of Lowe’s Companies by 1.9% during the fourth quarter. First Command Advisory Services Inc. now owns 2,590 shares of the home improvement retailer’s stock worth $576,000 after purchasing an additional 48 shares in the last quarter. Hamilton Capital LLC boosted its stake in Lowe’s Companies by 2.1% during the third quarter. Hamilton Capital LLC now owns 2,439 shares of the home improvement retailer’s stock valued at $507,000 after buying an additional 49 shares during the last quarter. Abundance Wealth Counselors boosted its stake in Lowe’s Companies by 0.8% during the fourth quarter. Abundance Wealth Counselors now owns 6,671 shares of the home improvement retailer’s stock valued at $1,485,000 after buying an additional 50 shares during the last quarter. Finally, YHB Investment Advisors Inc. lifted its stake in shares of Lowe’s Companies by 0.6% in the 4th quarter. YHB Investment Advisors Inc. now owns 9,013 shares of the home improvement retailer’s stock valued at $2,006,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of Lowe’s Companies stock traded down $3.27 on Wednesday, hitting $230.29. The company’s stock had a trading volume of 1,484,351 shares, compared to its average volume of 2,520,125. Lowe’s Companies, Inc. has a 1 year low of $181.85 and a 1 year high of $262.49. The firm has a fifty day moving average price of $239.82 and a 200-day moving average price of $219.35. The company has a market capitalization of $131.77 billion, a price-to-earnings ratio of 17.76, a price-to-earnings-growth ratio of 1.71 and a beta of 1.13.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS for the quarter, topping the consensus estimate of $1.68 by $0.09. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The company had revenue of $18.60 billion during the quarter, compared to analyst estimates of $18.47 billion. During the same period in the previous year, the business earned $2.28 EPS. Lowe’s Companies’s quarterly revenue was down 17.1% on a year-over-year basis. As a group, analysts forecast that Lowe’s Companies, Inc. will post 12.21 EPS for the current year.

Lowe’s Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $4.40 annualized dividend and a yield of 1.91%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 33.43%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Mizuho assumed coverage on Lowe’s Companies in a research note on Tuesday, March 19th. They issued a “buy” rating and a $280.00 price objective for the company. DA Davidson reaffirmed a “neutral” rating and issued a $270.00 price objective on shares of Lowe’s Companies in a research note on Wednesday, March 27th. Evercore ISI lowered their price objective on Lowe’s Companies from $280.00 to $275.00 and set an “in-line” rating for the company in a research note on Tuesday, April 16th. Royal Bank of Canada raised their price objective on Lowe’s Companies from $190.00 to $246.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 28th. Finally, Stifel Nicolaus lowered their price objective on Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating for the company in a research note on Friday, February 16th. Fifteen equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Lowe’s Companies presently has a consensus rating of “Hold” and a consensus price target of $252.52.

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.