Flower City Capital bought a new stake in Lowe’s Companies, Inc. (NYSE:LOWFree Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 908 shares of the home improvement retailer’s stock, valued at approximately $202,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Lowe’s Companies in the fourth quarter worth $1,461,267,000. Moneta Group Investment Advisors LLC grew its stake in shares of Lowe’s Companies by 107,710.7% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 5,080,039 shares of the home improvement retailer’s stock worth $1,012,147,000 after acquiring an additional 5,075,327 shares in the last quarter. Ontario Teachers Pension Plan Board lifted its position in shares of Lowe’s Companies by 187,225.6% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 2,111,159 shares of the home improvement retailer’s stock worth $438,783,000 after purchasing an additional 2,110,032 shares during the last quarter. Morgan Stanley lifted its position in shares of Lowe’s Companies by 21.3% during the 4th quarter. Morgan Stanley now owns 11,690,606 shares of the home improvement retailer’s stock worth $2,329,237,000 after purchasing an additional 2,050,089 shares during the last quarter. Finally, Schroder Investment Management Group lifted its position in shares of 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 worth $581,592,000 after purchasing an additional 1,831,727 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 0.6 %

Shares of Lowe’s Companies stock opened at $254.73 on Friday. Lowe’s Companies, Inc. has a 52-week low of $181.85 and a 52-week high of $262.49. The company’s 50-day simple moving average is $233.60 and its 200-day simple moving average is $216.41. The firm has a market cap of $145.75 billion, a price-to-earnings ratio of 19.36, a price-to-earnings-growth ratio of 1.88 and a beta of 1.13.

Lowe’s Companies (NYSE:LOWGet Free Report) last issued its quarterly earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.09. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The business had revenue of $18.60 billion for the quarter, compared to analyst estimates of $18.47 billion. During the same period in the previous year, the business posted $2.28 earnings per share. The business’s revenue was down 17.1% compared to the same quarter last year. Equities research analysts anticipate that Lowe’s Companies, Inc. will post 12.21 EPS for the current year.

Lowe’s Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be given 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 1.73%. Lowe’s Companies’s payout ratio is currently 33.43%.

Analyst Upgrades and Downgrades

LOW has been the subject of several recent analyst reports. Robert W. Baird raised shares of Lowe’s Companies from an “average” rating to an “outperform” rating and set a $250.00 price objective for the company in a research report on Wednesday, February 14th. Piper Sandler lifted their price objective on shares of Lowe’s Companies from $218.00 to $245.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 16th. Oppenheimer reaffirmed a “market perform” rating and set a $230.00 price objective on shares of Lowe’s Companies in a research report on Monday, March 4th. Evercore ISI boosted their price target on shares of Lowe’s Companies from $250.00 to $270.00 and gave the company an “in-line” rating in a research report on Tuesday, March 26th. Finally, Truist Financial boosted their price target on shares of Lowe’s Companies from $244.00 to $258.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Thirteen equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Lowe’s Companies has a consensus rating of “Hold” and a consensus price target of $251.60.

Get Our Latest Report on LOW

Lowe’s Companies Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)



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