Brown Advisory Inc. decreased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW – Free Report) by 1.8% in the fourth quarter, HoldingsChannel reports. The firm owned 624,514 shares of the home improvement retailer’s stock after selling 11,695 shares during the quarter. Brown Advisory Inc.’s holdings in Lowe’s Companies were worth $150,608,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of LOW. Norges Bank bought a new position in shares of Lowe’s Companies in the 4th quarter worth approximately $1,993,697,000. Wellington Management Group LLP raised its position in shares of Lowe’s Companies by 102.0% in the 3rd quarter. Wellington Management Group LLP now owns 4,204,311 shares of the home improvement retailer’s stock worth $1,056,585,000 after acquiring an additional 2,122,622 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Lowe’s Companies by 207.2% in the 3rd quarter. Victory Capital Management Inc. now owns 2,058,086 shares of the home improvement retailer’s stock worth $517,218,000 after acquiring an additional 1,388,133 shares in the last quarter. Eurizon Capital SGR S.p.A. bought a new position in shares of Lowe’s Companies in the 4th quarter worth approximately $308,683,000. Finally, Vanguard Group Inc. raised its position in shares of Lowe’s Companies by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 56,230,787 shares of the home improvement retailer’s stock worth $13,560,617,000 after acquiring an additional 924,625 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.
Lowe’s Companies Stock Down 0.2%
LOW stock opened at $220.57 on Friday. Lowe’s Companies, Inc. has a twelve month low of $203.40 and a twelve month high of $293.06. The firm has a market cap of $123.67 billion, a PE ratio of 18.64, a price-to-earnings-growth ratio of 2.79 and a beta of 0.86. The business has a 50 day moving average of $228.38 and a 200 day moving average of $246.14.
Lowe’s Companies Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 5th. Investors of record on Wednesday, July 22nd will be given a dividend of $1.25 per share. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.20. The ex-dividend date of this dividend is Wednesday, July 22nd. This represents a $5.00 dividend on an annualized basis and a yield of 2.3%. Lowe’s Companies’s dividend payout ratio is 40.57%.
Analysts Set New Price Targets
Several research analysts have recently issued reports on LOW shares. UBS Group decreased their target price on Lowe’s Companies from $315.00 to $285.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Truist Financial decreased their target price on Lowe’s Companies from $280.00 to $255.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. BNP Paribas Exane decreased their target price on Lowe’s Companies from $228.00 to $202.00 and set an “underperform” rating for the company in a research report on Thursday, May 21st. Rothschild & Co Redburn increased their target price on Lowe’s Companies from $280.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Finally, JPMorgan Chase & Co. decreased their target price on Lowe’s Companies from $325.00 to $279.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. Twenty-three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $264.57.
Get Our Latest Report on Lowe’s Companies
Lowe’s Companies Profile
Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.
Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.
Featured Stories
- Five stocks we like better than Lowe’s Companies
- Time to Sell? 3 Winners With Fading Technical Momentum
- Why These 2 Hotel Stocks Are Beating Travel Peers
- This Energy Stock Has Quietly Soared 130% in a Year
- 3 ‘Boring’ Dividend Stocks With Tasty Technical Setups
Want to see what other hedge funds are holding LOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lowe’s Companies, Inc. (NYSE:LOW – Free Report).
Receive News & Ratings for Lowe's Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies and related companies with MarketBeat.com's FREE daily email newsletter.
