Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $29.77 Million Holdings in Lowe's Companies, Inc. (NYSE:LOW)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 2.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 120,624 shares of the home improvement retailer's stock after selling 3,424 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Lowe's Companies were worth $29,770,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. StoneX Group Inc. bought a new position in Lowe's Companies in the 3rd quarter valued at about $2,713,000. Principal Financial Group Inc. boosted its holdings in shares of Lowe's Companies by 4.0% in the third quarter. Principal Financial Group Inc. now owns 649,601 shares of the home improvement retailer's stock valued at $175,944,000 after acquiring an additional 24,812 shares in the last quarter. Miracle Mile Advisors LLC increased its stake in shares of Lowe's Companies by 288.6% during the fourth quarter. Miracle Mile Advisors LLC now owns 19,028 shares of the home improvement retailer's stock valued at $4,696,000 after acquiring an additional 14,132 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Lowe's Companies by 1.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 362,209 shares of the home improvement retailer's stock valued at $98,104,000 after acquiring an additional 4,435 shares during the period. Finally, Nations Financial Group Inc. IA ADV raised its holdings in Lowe's Companies by 2.6% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 19,830 shares of the home improvement retailer's stock worth $4,894,000 after purchasing an additional 501 shares in the last quarter. 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 down $2.28 on Tuesday, reaching $230.61. The stock had a trading volume of 2,476,794 shares, compared to its average volume of 2,279,546. The business's 50-day moving average price is $247.67 and its two-hundred day moving average price is $257.80. The stock has a market cap of $130.21 billion, a P/E ratio of 19.23, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. Lowe's Companies, Inc. has a fifty-two week low of $211.80 and a fifty-two week high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, topping 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 firm had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.29 billion. As a group, equities analysts forecast that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Announces Dividend

The firm also recently disclosed 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 of this dividend is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a dividend yield of 1.99%. Lowe's Companies's dividend payout ratio is presently 37.67%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on LOW shares. Truist Financial lowered their price target 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. Sanford C. Bernstein lifted their target price on Lowe's Companies from $301.00 to $304.00 and gave the stock an "outperform" rating in a report on Thursday, December 12th. Royal Bank of Canada lowered their price objective on shares of Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating on the stock in a research note on Thursday, February 27th. Mizuho cut their target price 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. Finally, Wedbush restated a "neutral" rating and issued a $250.00 price target on shares of Lowe's Companies in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.