4,089 shares of Lowe’s Companies, Inc. (NYSE:LOW) purchased by Northwest Bank & Trust Co

Northwest Bank & Trust Co purchased a new position in Lowe’s Companies, Inc. during the fourth quarter. (NYSE:LOW – Free Report), according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,089 shares of the home improvement retailer, worth about $910,000.

A number of other hedge funds have also bought and sold shares of the company. Morgan Stanley increased its position in Lowe’s Companies by 1.1% during the third quarter. Morgan Stanley now owns 10,930,693 shares of the home improvement retailer’s stock valued at $2,271,836,000 after acquiring an additional 116,855 shares in the last quarter. Norges Bank bought a new position in Lowe’s Companies during the fourth quarter valued at $1,638,746,000. Northern Trust Corp increased its position in Lowe’s Companies by 1.1% during the third quarter. Northern Trust Corp now owns 7,138,824 shares of the home improvement retailer’s stock valued at $1,483,733,000 after acquiring an additional 78,901 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Lowe’s Companies by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,211,131 shares of the home improvement retailer’s stock, valued at $714,637,000, after acquiring an additional 41,451 shares in the last quarter. Finally, Schroder Investment Management Group increased its position in Lowe’s Companies by 1.9% in the fourth quarter. Schroder Investment Management Group now owns 2,851,127 shares of the home improvement retailer’s stock valued at $634,518,000 after acquiring an additional 52,859 shares in the last quarter. Institutional investors own 74.06% of the company’s shares.

Lowe’s Companies Price Performance

Shares of LOW stock fell $3.51 in afternoon trading on Friday, hitting $223.35. The stock traded 1,936,610 shares, compared to its average volume of 2,526,158. The stock has a market cap of $127.27 billion, a price-to-earnings ratio of 17.94, a price-to-earnings ratio of 1.74 and a beta of 1.08. The stock’s fifty-day moving average is $227.20 and its two-hundred-day moving average is $227.09. Lowe’s Companies, Inc. has a 52-week low of $181.85 and a 52-week high of $262.49.

Lowe’s Companies (NYSE:LOW – Get Free Report) posted its latest quarterly earnings data on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share for the quarter, beating the consensus estimate of $2.94 by $0.12. Lowe’s Companies had a net margin of 8.46% and a negative return on equity of 48.52%. The company had revenue of $21.36 billion for the quarter, compared to the consensus estimate of $21.14 billion. In the same quarter of the previous year, the company posted earnings per share of $3.67. The company’s revenue for the quarter fell 4.4% compared to the same quarter last year. As a group, stock analysts predict that Lowe’s Companies, Inc. will record a profit per share of 12.23 for the current financial year.

Lowe’s Companies cuts dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 7. Shareholders of record on Wednesday, July 24 will receive a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, July 24. This represents a dividend of $0.60 annually and a dividend yield of 0.27%. Lowe’s Companies’ dividend payout ratio (DPR) currently stands at 36.95%.

Analysts set new price targets

A number of research agencies have given their opinion about LOW. UBS Group raised their price objective on shares of Lowe’s Companies from $250.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, February 28. Stifel Nicolaus raised their target price on shares of Lowe’s Companies from $225.00 to $250.00 and gave the stock a “hold” rating in a report on Monday, May 13th. Truist Financial lowered their price target on shares of Lowe’s Companies from $271.00 to $265.00 and set a “buy” rating on the stock in a report on Wednesday, May 22. Oppenheimer reiterated a “market perform” rating and issued a $230.00 price target on shares of Lowe’s Companies in a report on Monday, March 4. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $246.00 price target on shares of Lowe’s Companies in a report on Wednesday, May 22. Fourteen analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Lowe’s Companies has an average rating of “Hold” and a consensus price target of $251.33.

Read our latest stock analysis on LOW

About Lowe’s Companies

(Free report)

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, renovation and decoration. It also offers home improvement products such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bathrooms, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, decorating and electrical.

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Quarterly Institutional Ownership for Lowe's Companies (NYSE:LOW)

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