3,072 Shares in Lowe's Companies, Inc. (NYSE:LOW) Acquired by Brooklyn FI LLC

Brooklyn FI LLC acquired a new stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 3,072 shares of the home improvement retailer's stock, valued at approximately $820,000.

A number of other institutional investors have also made changes to their positions in the business. FMR LLC increased its stake in Lowe's Companies by 10.2% in the 3rd quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer's stock valued at $7,045,006,000 after buying an additional 2,399,897 shares during the last quarter. State Street Corp grew its holdings in shares of Lowe's Companies by 1.9% in the 3rd quarter. State Street Corp now owns 25,013,655 shares of the home improvement retailer's stock valued at $6,774,948,000 after acquiring an additional 460,851 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Lowe's Companies by 1.6% in the third quarter. Geode Capital Management LLC now owns 11,733,461 shares of the home improvement retailer's stock valued at $3,169,041,000 after acquiring an additional 187,473 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Lowe's Companies by 10.2% during the fourth quarter. Bank of New York Mellon Corp now owns 4,186,720 shares of the home improvement retailer's stock worth $1,033,283,000 after acquiring an additional 385,994 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Lowe's Companies by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,459,064 shares of the home improvement retailer's stock valued at $853,697,000 after purchasing an additional 90,012 shares during the last quarter. Institutional investors own 74.06% of the company's stock.

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Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Royal Bank of Canada lowered their price target on Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating on the stock in a research report on Thursday, February 27th. Bank of America dropped their price target on shares of Lowe's Companies from $305.00 to $290.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Guggenheim reiterated a "buy" rating and issued a $300.00 price target on shares of Lowe's Companies in a research note on Thursday, December 12th. Sanford C. Bernstein boosted their price objective on shares of Lowe's Companies from $301.00 to $304.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $305.00 target price on shares of Lowe's Companies in a research note on Wednesday, February 26th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Lowe's Companies currently has an average rating of "Moderate Buy" and a consensus target price of $279.71.

Lowe's Companies Price Performance

LOW traded up $5.94 on Monday, hitting $233.01. 2,485,056 shares of the stock were exchanged, compared to its average volume of 2,279,897. The firm has a market capitalization of $131.57 billion, a price-to-earnings ratio of 19.43, a PEG ratio of 1.96 and a beta of 1.12. Lowe's Companies, Inc. has a 12 month low of $211.80 and a 12 month high of $287.01. The business has a 50-day moving average of $247.99 and a two-hundred day moving average of $257.88.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its quarterly earnings results 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. The company had revenue of $18.55 billion during the quarter, compared to the consensus estimate of $18.29 billion. Lowe's Companies had a net margin of 8.19% and a negative return on equity of 47.55%. Equities research analysts expect that Lowe's Companies, Inc. will post 11.9 earnings per share 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 issued a dividend of $1.15 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.97%. Lowe's Companies's dividend payout ratio (DPR) is currently 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.