Blair William & Co. IL Sells 4,964 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Blair William & Co. IL cut its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 1.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 320,775 shares of the home improvement retailer's stock after selling 4,964 shares during the period. Blair William & Co. IL owned approximately 0.06% of Lowe's Companies worth $79,167,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Klingenstein Fields & Co. LP boosted its stake in Lowe's Companies by 1.0% during the 4th 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 increased its holdings in Lowe's Companies by 4.2% in the 4th quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer's stock worth $245,000 after buying an additional 40 shares in the last quarter. Powers Advisory Group LLC raised its position in Lowe's Companies by 2.7% in the 4th quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer's stock worth $380,000 after buying an additional 40 shares during the last quarter. Cordatus Wealth Management LLC raised its position in Lowe's Companies by 0.3% in the 4th quarter. Cordatus Wealth Management LLC now owns 15,012 shares of the home improvement retailer's stock worth $3,705,000 after buying an additional 41 shares during the last quarter. Finally, O Brien Greene & Co. Inc lifted its stake in 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 acquiring an additional 42 shares during the period. Institutional investors own 74.06% of the company's stock.

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Lowe's Companies Stock Performance

Shares of Lowe's Companies stock traded up $2.96 during trading hours on Monday, hitting $231.38. The company's stock had a trading volume of 994,547 shares, compared to its average volume of 2,412,689. The company has a market cap of $129.51 billion, a PE ratio of 19.31, a PEG ratio of 1.96 and a beta of 1.12. The business has a 50 day moving average price of $245.57 and a two-hundred day moving average price of $257.38. Lowe's Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, topping analysts' consensus estimates of $1.83 by $0.10. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The company had revenue of $18.55 billion for the quarter, compared to analysts' expectations of $18.29 billion. As a group, research analysts anticipate that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be given 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 1.99%. Lowe's Companies's dividend payout ratio is 37.67%.

Analysts Set New Price Targets

A number of brokerages have recently commented on LOW. BNP Paribas upgraded shares of Lowe's Companies to a "strong sell" rating in a research note on Thursday, February 27th. Wedbush reiterated a "neutral" rating and set a $250.00 target price on shares of Lowe's Companies in a research note on Thursday, December 12th. Evercore ISI raised their price target on Lowe's Companies from $270.00 to $290.00 and gave the stock an "in-line" rating in a research note on Thursday, December 12th. Piper Sandler reduced their price objective on Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating for the company in a research report on Monday, March 24th. Finally, Truist Financial dropped 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. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Lowe's Companies presently has a consensus rating of "Moderate Buy" and a consensus target price of $279.71.

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.