Noesis Capital Mangement Corp Sells 800 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Noesis Capital Mangement Corp lowered its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 112,120 shares of the home improvement retailer’s stock after selling 800 shares during the period. Lowe’s Companies accounts for approximately 3.5% of Noesis Capital Mangement Corp’s portfolio, making the stock its 4th largest position. Noesis Capital Mangement Corp’s holdings in Lowe’s Companies were worth $9,217,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Winfield Associates Inc. increased its position in shares of Lowe’s Companies by 0.6% in the first quarter. Winfield Associates Inc. now owns 2,392 shares of the home improvement retailer’s stock worth $196,000 after buying an additional 15 shares in the last quarter. First Personal Financial Services increased its position in shares of Lowe’s Companies by 0.3% in the first quarter. First Personal Financial Services now owns 8,067 shares of the home improvement retailer’s stock worth $663,000 after buying an additional 21 shares in the last quarter. Hanson McClain Inc. increased its position in shares of Lowe’s Companies by 3.5% in the first quarter. Hanson McClain Inc. now owns 1,337 shares of the home improvement retailer’s stock worth $110,000 after buying an additional 45 shares in the last quarter. Financial Architects Inc increased its position in shares of Lowe’s Companies by 1.1% in the first quarter. Financial Architects Inc now owns 4,313 shares of the home improvement retailer’s stock worth $355,000 after buying an additional 46 shares in the last quarter. Finally, Hudson Valley Investment Advisors Inc. ADV increased its position in shares of Lowe’s Companies by 0.9% in the first quarter. Hudson Valley Investment Advisors Inc. ADV now owns 8,550 shares of the home improvement retailer’s stock worth $703,000 after buying an additional 75 shares in the last quarter. 74.73% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies, Inc. (NYSE LOW) opened at 76.48 on Friday. Lowe’s Companies, Inc. has a 52 week low of $64.87 and a 52 week high of $86.25. The stock’s 50 day moving average is $77.25 and its 200 day moving average is $79.03. The stock has a market cap of $64.57 billion, a PE ratio of 23.98 and a beta of 1.08.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, May 24th. The home improvement retailer reported $1.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.06 by $0.03. The business had revenue of $16.86 billion during the quarter, compared to analyst estimates of $16.99 billion. Lowe’s Companies had a return on equity of 56.78% and a net margin of 4.22%. The firm’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.87 EPS. Analysts predict that Lowe’s Companies, Inc. will post $4.62 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 9th. Stockholders of record on Wednesday, July 26th will be paid a $0.41 dividend. The ex-dividend date is Monday, July 24th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.14%. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.35. Lowe’s Companies’s dividend payout ratio is presently 51.57%.

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A number of equities analysts have weighed in on the stock. Goldman Sachs Group, Inc. (The) decreased their target price on shares of Lowe’s Companies from $97.00 to $96.00 and set a “buy” rating for the company in a research note on Thursday, May 25th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $90.00 target price on shares of Lowe’s Companies in a research note on Monday, April 3rd. Vetr downgraded shares of Lowe’s Companies from a “hold” rating to a “sell” rating and set a $83.11 target price for the company. in a research note on Monday, May 8th. Oppenheimer Holdings, Inc. set a $100.00 target price on shares of Lowe’s Companies and gave the company a “buy” rating in a research note on Wednesday, May 24th. Finally, Zacks Investment Research raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a research note on Tuesday, April 18th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $85.39.

In other news, insider Richard D. Maltsbarger sold 11,672 shares of the stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $80.20, for a total value of $936,094.40. Following the sale, the insider now owns 37,716 shares in the company, valued at $3,024,823.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.11% of the stock is owned by corporate insiders.

About Lowe’s Companies

Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.