Nomura Asset Management Co. Ltd. Sells 11,481 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Nomura Asset Management Co. Ltd. decreased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 3.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 368,171 shares of the home improvement retailer’s stock after selling 11,481 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Lowe’s Companies were worth $90,865,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. IFS Advisors LLC purchased a new stake in shares of Lowe’s Companies in the 4th quarter worth about $25,000. Legacy Investment Solutions LLC bought a new position in Lowe’s Companies in the third quarter worth about $27,000. Winch Advisory Services LLC boosted its position in Lowe’s Companies by 56.4% during the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after acquiring an additional 44 shares in the last quarter. Marshall Investment Management LLC purchased a new position in shares of Lowe’s Companies during the 4th quarter worth approximately $31,000. Finally, Caisse Des Depots ET Consignations bought a new position in shares of Lowe’s Companies in the 4th quarter worth approximately $33,000. Institutional investors own 74.06% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on LOW shares. Sanford C. Bernstein lifted their price target on Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Wedbush restated a “neutral” rating and set a $250.00 target price on shares of Lowe’s Companies in a report on Thursday, December 12th. Mizuho decreased 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 note on Thursday, February 27th. Piper Sandler dropped their price objective on shares of Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Bank of America decreased their target price on shares of Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and an average price target of $279.71.

Lowe’s Companies Trading Up 0.1 %

Shares of LOW opened at $232.35 on Friday. Lowe’s Companies, Inc. has a 1-year low of $211.80 and a 1-year high of $287.01. The firm has a market cap of $130.05 billion, a PE ratio of 19.38, a P/E/G ratio of 1.96 and a beta of 1.12. The firm has a fifty day simple moving average of $246.24 and a two-hundred day simple moving average of $257.35.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 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 business had revenue of $18.55 billion during the quarter, compared to analysts’ expectations of $18.29 billion. As a group, research analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

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

About Lowe’s Companies

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.