Cynosure Group LLC Trims Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Cynosure Group LLC lessened its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 15.8% during the 4th quarter, HoldingsChannel reports. The firm owned 1,510 shares of the home improvement retailer’s stock after selling 283 shares during the quarter. Cynosure Group LLC’s holdings in Lowe’s Companies were worth $373,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in Lowe’s Companies by 4.0% during the third quarter. Principal Financial Group Inc. now owns 649,601 shares of the home improvement retailer’s stock worth $175,944,000 after buying an additional 24,812 shares in the last quarter. Miracle Mile Advisors LLC raised its position in shares of Lowe’s Companies by 288.6% in the fourth quarter. Miracle Mile Advisors LLC now owns 19,028 shares of the home improvement retailer’s stock worth $4,696,000 after acquiring an additional 14,132 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of Lowe’s Companies by 1.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 362,209 shares of the home improvement retailer’s stock worth $98,104,000 after acquiring an additional 4,435 shares during the period. Nations Financial Group Inc. IA ADV boosted its stake in shares of Lowe’s Companies by 2.6% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 19,830 shares of the home improvement retailer’s stock worth $4,894,000 after acquiring an additional 501 shares in the last quarter. Finally, Great Lakes Advisors LLC increased its stake in shares of Lowe’s Companies by 1.5% in the 4th quarter. Great Lakes Advisors LLC now owns 472,838 shares of the home improvement retailer’s stock valued at $116,696,000 after purchasing an additional 7,187 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Telsey Advisory Group reiterated an “outperform” rating and set a $305.00 price target on shares of Lowe’s Companies in a research report on Wednesday, February 26th. Truist Financial decreased their target price on Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Evercore ISI boosted their price target 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. Mizuho decreased their price objective on shares of Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. Finally, Guggenheim reissued a “buy” rating and set a $300.00 target price on shares of Lowe’s Companies in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $280.35.

Lowe’s Companies Trading Up 0.5 %

Shares of LOW opened at $235.25 on Thursday. The firm has a 50-day moving average price of $243.94 and a 200 day moving average price of $256.94. Lowe’s Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01. The firm has a market capitalization of $131.67 billion, a P/E ratio of 19.62, a P/E/G ratio of 1.96 and a beta of 1.12.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $18.29 billion. Equities research analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

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 issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Wednesday, April 23rd. Lowe’s Companies’s dividend payout ratio is presently 37.67%.

Lowe’s Companies 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.