Lowe's Companies, Inc. (NYSE:LOW) Shares Sold by Aquatic Capital Management LLC

Aquatic Capital Management LLC cut its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 70.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,278 shares of the home improvement retailer's stock after selling 136,242 shares during the period. Aquatic Capital Management LLC's holdings in Lowe's Companies were worth $13,889,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. FMR LLC boosted its stake in shares of Lowe's Companies by 1.0% in the fourth quarter. FMR LLC now owns 26,270,496 shares of the home improvement retailer's stock worth $6,483,558,000 after acquiring an additional 259,766 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Lowe's Companies by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 11,979,337 shares of the home improvement retailer's stock worth $2,952,341,000 after acquiring an additional 245,876 shares during the last quarter. Norges Bank acquired a new stake in shares of Lowe's Companies in the fourth quarter worth approximately $1,842,954,000. Bank of New York Mellon Corp boosted its stake in shares of Lowe's Companies by 10.2% in 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Lowe's Companies by 2.7% in 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 acquiring an additional 90,012 shares during the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe's Companies Price Performance

Shares of NYSE LOW traded up $0.22 during midday trading on Monday, hitting $221.13. The company's stock had a trading volume of 2,046,652 shares, compared to its average volume of 2,475,831. The business's fifty day simple moving average is $228.78 and its two-hundred day simple moving average is $250.25. Lowe's Companies, Inc. has a 1 year low of $206.39 and a 1 year high of $287.01. The firm has a market capitalization of $123.77 billion, a price-to-earnings ratio of 18.44, 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 EPS 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 business had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.29 billion. Analysts anticipate that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a yield of 2.08%. Lowe's Companies's payout ratio is currently 37.67%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on LOW shares. Piper Sandler lowered their price target on Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating on the stock in a research note on Monday, March 24th. Royal Bank of Canada reduced their price objective 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 reduced their price objective on 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. KeyCorp upgraded Lowe's Companies from a "sector weight" rating to an "overweight" rating and set a $266.00 price objective on the stock in a research report on Friday. Finally, Mizuho reduced their price objective on Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating on the stock in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $278.21.

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.