RWA Wealth Partners LLC Sells 3,867 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

RWA Wealth Partners LLC reduced its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 76,659 shares of the home improvement retailer’s stock after selling 3,867 shares during the quarter. RWA Wealth Partners LLC’s holdings in Lowe’s Companies were worth $18,919,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. United Bank raised its holdings in shares of Lowe’s Companies by 1.4% in the 3rd 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. Vinva Investment Management Ltd raised its stake in shares of Lowe’s Companies by 2.3% in the third quarter. Vinva Investment Management Ltd now owns 6,059 shares of the home improvement retailer’s stock valued at $1,619,000 after buying an additional 134 shares during the period. Icon Wealth Advisors LLC lifted its position in shares of Lowe’s Companies by 8.6% during the 3rd quarter. Icon Wealth Advisors LLC now owns 4,567 shares of the home improvement retailer’s stock valued at $1,237,000 after buying an additional 361 shares during the last quarter. Ironwood Investment Counsel LLC grew its stake in shares of Lowe’s Companies by 0.3% during the 3rd quarter. Ironwood Investment Counsel LLC now owns 23,197 shares of the home improvement retailer’s stock worth $6,283,000 after acquiring an additional 67 shares during the period. Finally, Edgestream Partners L.P. bought a new position in shares of Lowe’s Companies during the 3rd quarter worth $2,073,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Down 1.7 %

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 company has a fifty day moving average of $245.57 and a 200 day moving average of $257.31. 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 posted its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.10. The company had revenue of $18.55 billion for the quarter, compared to analysts’ expectations of $18.29 billion. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. As a group, analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Wednesday, April 23rd. Lowe’s Companies’s payout ratio is currently 37.67%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Royal Bank of Canada dropped their price objective on shares of Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating on the stock in a report on Thursday, February 27th. Evercore ISI raised their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a report on Thursday, December 12th. Wedbush reissued a “neutral” rating and set a $250.00 target price on shares of Lowe’s Companies in a report on Thursday, December 12th. Truist Financial reduced their price target on Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Finally, Stifel Nicolaus lifted their target price on Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $279.71.

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.