Canada Post Corp Registered Pension Plan Purchases Shares of 8,882 Lowe's Companies, Inc. (NYSE:LOW)

Canada Post Corp Registered Pension Plan bought a new stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,882 shares of the home improvement retailer's stock, valued at approximately $2,192,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LOW. Klingenstein Fields & Co. LP boosted its holdings in Lowe's Companies by 1.0% in the fourth quarter. Klingenstein Fields & Co. LP now owns 4,101 shares of the home improvement retailer's stock valued at $1,012,000 after purchasing an additional 39 shares during the last quarter. Saxony Capital Management LLC raised its position in Lowe's Companies by 4.2% during the fourth quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer's stock valued at $245,000 after acquiring an additional 40 shares in the last quarter. Powers Advisory Group LLC lifted its holdings in Lowe's Companies by 2.7% in the fourth quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer's stock valued at $380,000 after acquiring an additional 40 shares during the period. Cordatus Wealth Management LLC grew its stake in shares of Lowe's Companies by 0.3% during the 4th quarter. Cordatus Wealth Management LLC now owns 15,012 shares of the home improvement retailer's stock worth $3,705,000 after purchasing an additional 41 shares during the period. Finally, O Brien Greene & Co. Inc increased its holdings in shares of Lowe's Companies by 1.5% during the 4th quarter. O Brien Greene & Co. Inc now owns 2,896 shares of the home improvement retailer's stock valued at $715,000 after purchasing an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company's stock.

Lowe's Companies Stock Up 2.1 %

NYSE:LOW traded up $4.60 on Friday, reaching $219.01. The stock had a trading volume of 2,166,819 shares, compared to its average volume of 2,467,927. Lowe's Companies, Inc. has a 1-year low of $206.39 and a 1-year high of $287.01. The stock has a fifty day moving average price of $233.35 and a 200-day moving average price of $253.13. The company has a market capitalization of $122.58 billion, a P/E ratio of 18.27, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $18.55 billion during the quarter, compared to analysts' expectations of $18.29 billion. Sell-side analysts predict that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Wednesday, April 23rd. Lowe's Companies's dividend payout ratio is 37.67%.

Analysts Set New Price Targets

A number of research firms have recently commented on LOW. DA Davidson reissued a "neutral" rating and set a $270.00 target price on shares of Lowe's Companies in a research note on Wednesday. Bank of America cut 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 note on Thursday, February 27th. Mizuho cut their price target on Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $305.00 price objective on shares of Lowe's Companies in a research report on Tuesday. Finally, Truist Financial reduced their price objective on shares of Lowe's Companies from $295.00 to $258.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $278.74.

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.