Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. trimmed its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 28,545 shares of the home improvement retailer’s stock after selling 411 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Lowe’s Companies were worth $7,045,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. DnB Asset Management AS grew its stake in Lowe’s Companies by 4.2% in the 4th quarter. DnB Asset Management AS now owns 102,983 shares of the home improvement retailer’s stock valued at $25,416,000 after acquiring an additional 4,195 shares during the last quarter. Level Four Advisory Services LLC grew its position in shares of Lowe’s Companies by 0.3% in the fourth quarter. Level Four Advisory Services LLC now owns 31,514 shares of the home improvement retailer’s stock valued at $7,778,000 after purchasing an additional 102 shares during the last quarter. Vertex Planning Partners LLC increased its stake in shares of Lowe’s Companies by 10.4% during the 4th quarter. Vertex Planning Partners LLC now owns 1,538 shares of the home improvement retailer’s stock worth $380,000 after purchasing an additional 145 shares in the last quarter. Broadway Wealth Solutions Inc. acquired a new position in shares of Lowe’s Companies during the 4th quarter worth approximately $312,000. Finally, Norges Bank acquired a new position in shares of Lowe’s Companies during the 4th quarter worth approximately $1,842,954,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on LOW shares. Mizuho dropped their price target on 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. Truist Financial cut their target price on shares of Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Wednesday. Piper Sandler cut their price objective on shares of Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating for the company in a research report on Monday, March 24th. Finally, Sanford C. Bernstein raised their target price on shares of Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $279.71.

Lowe’s Companies Price Performance

NYSE:LOW opened at $228.20 on Friday. The firm has a market capitalization of $127.73 billion, a P/E ratio of 19.03, a P/E/G ratio of 1.96 and a beta of 1.12. The business has a 50 day simple moving average of $245.57 and a 200 day simple moving average of $257.31. Lowe’s Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $18.29 billion. Research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a dividend yield of 2.02%. 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.