Blair William & Co. IL Cuts Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Blair William & Co. IL lowered its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 1.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 320,775 shares of the home improvement retailer’s stock after selling 4,964 shares during the period. Blair William & Co. IL’s holdings in Lowe’s Companies were worth $79,167,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. United Bank boosted its holdings in shares of Lowe’s Companies by 1.4% during the third quarter. United Bank now owns 10,099 shares of the home improvement retailer’s stock worth $2,735,000 after purchasing an additional 137 shares during the period. Soros Capital Management LLC raised its position in Lowe’s Companies by 39.3% during the 3rd quarter. Soros Capital Management LLC now owns 2,508 shares of the home improvement retailer’s stock valued at $679,000 after purchasing an additional 708 shares during the last quarter. Blueshift Asset Management LLC grew its position in shares of Lowe’s Companies by 13.2% in the 3rd quarter. Blueshift Asset Management LLC now owns 2,770 shares of the home improvement retailer’s stock worth $750,000 after buying an additional 324 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Lowe’s Companies by 101.3% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 150,000 shares of the home improvement retailer’s stock valued at $40,628,000 after buying an additional 75,500 shares during the period. Finally, CreativeOne Wealth LLC raised its holdings in shares of Lowe’s Companies by 18.5% during the third quarter. CreativeOne Wealth LLC now owns 12,344 shares of the home improvement retailer’s stock valued at $3,343,000 after acquiring an additional 1,924 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on LOW shares. Truist Financial cut their price target on shares of Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Guggenheim reissued a “buy” rating and issued a $300.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. Wedbush reissued a “neutral” rating and set a $250.00 price objective on shares of Lowe’s Companies in a research report on Thursday, December 12th. Mizuho lowered their price target on shares of Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. Finally, BNP Paribas upgraded shares of Lowe’s Companies to a “strong sell” rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, Lowe’s Companies currently has an average rating of “Moderate Buy” and a consensus price target of $279.71.

Lowe’s Companies Stock Up 0.5 %

LOW opened at $231.91 on Thursday. The company has a market capitalization of $130.95 billion, a PE ratio of 19.34, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. The firm has a 50-day simple moving average of $246.76 and a two-hundred day simple moving average of $257.53. Lowe’s Companies, Inc. has a 52 week low of $211.80 and a 52 week high of $287.01.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.10. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The company had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion. As a group, sell-side analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Wednesday, April 23rd. Lowe’s Companies’s payout ratio is 37.67%.

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.