Perigon Wealth Management LLC Has $829,000 Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Perigon Wealth Management LLC raised its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 18.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,724 shares of the home improvement retailer’s stock after acquiring an additional 584 shares during the period. Perigon Wealth Management LLC’s holdings in Lowe’s Companies were worth $829,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Orion Capital Management LLC bought a new position in shares of Lowe’s Companies in the 3rd quarter valued at $26,000. VisionPoint Advisory Group LLC increased its stake in shares of Lowe’s Companies by 85.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 70 shares during the last quarter. Sanctuary Wealth Management L.L.C. bought a new position in shares of Lowe’s Companies in the 4th quarter valued at $35,000. Itau Unibanco Holding S.A. bought a new position in shares of Lowe’s Companies in the 3rd quarter valued at $40,000. Finally, True Wealth Design LLC bought a new position in shares of Lowe’s Companies in the 4th quarter valued at $42,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Stock Performance

LOW stock opened at $232.05 on Monday. The stock’s 50 day simple moving average is $238.71 and its 200 day simple moving average is $218.01. Lowe’s Companies, Inc. has a fifty-two week low of $181.85 and a fifty-two week high of $262.49. The company has a market cap of $132.77 billion, a P/E ratio of 17.63, a price-to-earnings-growth ratio of 1.72 and a beta of 1.13.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $18.60 billion for the quarter, compared to the consensus estimate of $18.47 billion. During the same period in the prior year, the business earned $2.28 EPS. The firm’s revenue for the quarter was down 17.1% on a year-over-year basis. Equities analysts predict that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is currently 33.43%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LOW. Stifel Nicolaus reduced their price objective on Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating on the stock in a research report on Friday, February 16th. StockNews.com lowered Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Zelman & Associates restated a “neutral” rating and set a $265.00 price objective on shares of Lowe’s Companies in a research report on Tuesday, April 2nd. Wells Fargo & Company boosted their price objective on Lowe’s Companies from $235.00 to $250.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. Finally, Barclays boosted their price objective on Lowe’s Companies from $203.00 to $229.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 4th. Fifteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $252.33.

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.