Ironvine Capital Partners LLC Sells 56 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Ironvine Capital Partners LLC trimmed its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 109,971 shares of the home improvement retailer’s stock after selling 56 shares during the quarter. Lowe’s Companies accounts for 2.9% of Ironvine Capital Partners LLC’s portfolio, making the stock its 17th biggest position. Ironvine Capital Partners LLC’s holdings in Lowe’s Companies were worth $27,141,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. IFS Advisors LLC bought a new position in Lowe’s Companies during the fourth quarter worth about $25,000. Marshall Investment Management LLC acquired a new stake in shares of Lowe’s Companies in the 4th quarter valued at approximately $31,000. Winch Advisory Services LLC grew its holdings in Lowe’s Companies by 56.4% during the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after purchasing an additional 44 shares during the period. Caisse Des Depots ET Consignations acquired a new position in Lowe’s Companies during the fourth quarter valued at approximately $33,000. Finally, Millstone Evans Group LLC bought a new stake in Lowe’s Companies in the fourth quarter valued at approximately $44,000. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Trading Up 2.9 %

LOW opened at $219.03 on Wednesday. The company’s 50 day moving average is $231.16 and its 200-day moving average is $251.89. The company has a market cap of $122.59 billion, a P/E ratio of 18.27, a PEG ratio of 1.96 and a beta of 1.07. Lowe’s Companies, Inc. has a 1-year low of $206.39 and a 1-year high of $287.01.

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

Lowe’s Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date is Wednesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is currently 37.67%.

Analysts Set New Price Targets

Several research analysts have weighed in on LOW shares. Piper Sandler reduced their target price on Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating on the stock in a report on Monday, March 24th. Bank of America decreased their price objective on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Royal Bank of Canada dropped their target price on shares of Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating on the stock in a report on Thursday, February 27th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a research report on Tuesday, April 15th. Finally, DA Davidson reiterated a “neutral” rating and set a $270.00 target price on shares of Lowe’s Companies in a report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $278.74.

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.