Lowe's Companies, Inc. (NYSE:LOW) Shares Sold by Bristol Gate Capital Partners Inc.

Bristol Gate Capital Partners Inc. reduced its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 362,473 shares of the home improvement retailer's stock after selling 5,284 shares during the period. Lowe's Companies accounts for approximately 4.4% of Bristol Gate Capital Partners Inc.'s investment portfolio, making the stock its 16th biggest holding. Bristol Gate Capital Partners Inc. owned approximately 0.06% of Lowe's Companies worth $89,458,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Lowe's Companies during the 4th quarter worth about $1,842,954,000. Raymond James Financial Inc. bought a new position in shares of Lowe's Companies during the 4th quarter worth approximately $314,435,000. Strategic Financial Concepts LLC grew its stake in Lowe's Companies by 24,531.0% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,228,102 shares of the home improvement retailer's stock valued at $303,096,000 after purchasing an additional 1,223,116 shares during the period. Amundi increased its holdings in Lowe's Companies by 60.1% during the fourth quarter. Amundi now owns 2,603,305 shares of the home improvement retailer's stock worth $642,730,000 after buying an additional 976,823 shares during the last quarter. Finally, Proficio Capital Partners LLC lifted its stake in Lowe's Companies by 42,529.8% in the fourth quarter. Proficio Capital Partners LLC now owns 846,202 shares of the home improvement retailer's stock valued at $208,843,000 after purchasing an additional 844,217 shares during the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe's Companies Stock Performance

LOW stock traded down $1.74 on Thursday, reaching $221.46. The company had a trading volume of 1,591,648 shares, compared to its average volume of 2,455,553. The company's fifty day moving average is $237.70 and its 200 day moving average is $254.99. The company has a market cap of $123.95 billion, a P/E ratio of 18.36, a PEG ratio of 1.96 and a beta of 1.07. Lowe's Companies, Inc. has a 1 year low of $206.39 and a 1 year high of $287.01.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. On average, sell-side analysts predict that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 2.08%. Lowe's Companies's dividend payout ratio (DPR) is 37.67%.

Wall Street Analyst Weigh In

LOW has been the subject of a number of recent research reports. Guggenheim reiterated a "buy" rating and issued a $300.00 price objective on shares of Lowe's Companies in a research note on Thursday, December 12th. Mizuho reduced their price objective on shares of Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating for the company in a research note on Thursday, February 27th. Truist Financial cut their price target on shares of Lowe's Companies from $295.00 to $258.00 and set a "buy" rating for the company in a report on Tuesday. Bank of America decreased 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 report on Thursday, February 27th. Finally, Evercore ISI upped their target price 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. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $278.74.

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.