Distillate Capital Partners LLC Makes New Investment in Lowe's Companies, Inc. (NYSE:LOW)

Distillate Capital Partners LLC bought a new stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 115,794 shares of the home improvement retailer's stock, valued at approximately $28,578,000. Lowe's Companies comprises about 1.4% of Distillate Capital Partners LLC's investment portfolio, making the stock its 13th largest holding.

A number of other large investors have also added to or reduced their stakes in the company. IFS Advisors LLC purchased a new position in Lowe's Companies during the 4th quarter worth $25,000. Winch Advisory Services LLC grew its stake in shares of Lowe's Companies by 56.4% during the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock worth $30,000 after acquiring an additional 44 shares during the last quarter. Marshall Investment Management LLC acquired a new position in shares of Lowe's Companies during the fourth quarter valued at about $31,000. Caisse Des Depots ET Consignations acquired a new position in shares of Lowe's Companies during the fourth quarter valued at about $33,000. Finally, Millstone Evans Group LLC purchased a new position in shares of Lowe's Companies in the 4th quarter valued at approximately $44,000. 74.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on LOW shares. BNP Paribas upgraded shares of Lowe's Companies to a "strong sell" rating in a research note on Thursday, February 27th. StockNews.com raised Lowe's Companies from a "hold" rating to a "buy" rating in a research report on Tuesday. Piper Sandler reduced 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. Royal Bank of Canada dropped their price target on 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. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $305.00 price objective on shares of Lowe's Companies in a research note on Tuesday. One research analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $278.74.

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Lowe's Companies Stock Down 1.6 %

Shares of Lowe's Companies stock traded down $3.68 on Tuesday, reaching $220.46. The company's stock had a trading volume of 2,804,324 shares, compared to its average volume of 2,466,191. The company has a market capitalization of $123.40 billion, a P/E ratio of 18.39, a PEG ratio of 1.96 and a beta of 1.07. The stock has a 50-day moving average price of $235.57 and a 200-day moving average price of $253.99. Lowe's Companies, Inc. has a 52-week low of $206.39 and a 52-week high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued 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 during the quarter, compared to analyst estimates of $18.29 billion. Lowe's Companies had a net margin of 8.19% and a negative return on equity of 47.55%. Sell-side 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lowe's Companies's payout ratio is 37.67%.

Lowe's Companies Company 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.