37,096 Shares in Lowe's Companies, Inc. (NYSE:LOW) Bought by Allianz SE

Allianz SE acquired a new stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 37,096 shares of the home improvement retailer's stock, valued at approximately $9,153,000.

A number of other institutional investors have also bought and sold shares of the business. State Street Corp lifted its position in Lowe's Companies by 1.9% during the third quarter. State Street Corp now owns 25,013,655 shares of the home improvement retailer's stock worth $6,774,948,000 after buying an additional 460,851 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Lowe's Companies by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 11,733,461 shares of the home improvement retailer's stock worth $3,169,041,000 after acquiring an additional 187,473 shares during the period. Norges Bank acquired a new position in shares of Lowe's Companies during the 4th quarter valued at about $1,842,954,000. Bank of New York Mellon Corp boosted its position in shares of Lowe's Companies by 10.2% during the 4th quarter. Bank of New York Mellon Corp now owns 4,186,720 shares of the home improvement retailer's stock valued at $1,033,283,000 after acquiring an additional 385,994 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased 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 worth $853,697,000 after purchasing an additional 90,012 shares during the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

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Lowe's Companies Stock Up 2.2 %

Lowe's Companies stock traded up $4.96 during mid-day trading on Monday, hitting $233.38. The company had a trading volume of 3,464,691 shares, compared to its average volume of 2,422,420. The stock has a market cap of $130.62 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 1.96 and a beta of 1.12. Lowe's Companies, Inc. has a 1 year low of $211.80 and a 1 year high of $287.01. The business has a fifty day moving average of $245.57 and a 200 day moving average of $257.38.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 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 analyst estimates of $18.29 billion. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. Equities analysts anticipate that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be issued a $1.15 dividend. 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 payout ratio is 37.67%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on LOW shares. Evercore ISI boosted their target price on shares of Lowe's Companies from $270.00 to $290.00 and gave the company an "in-line" rating in a report on Thursday, December 12th. Telsey Advisory Group reiterated an "outperform" rating and issued a $305.00 price objective on shares of Lowe's Companies in a report on Wednesday, February 26th. Piper Sandler cut their target price on Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating for the company in a research note on Monday, March 24th. Truist Financial reduced 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. Finally, Wedbush reiterated a "neutral" rating and set a $250.00 price target on shares of Lowe's Companies in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Lowe's Companies 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.