Edmond DE Rothschild Holding S.A. Acquires 1,710 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Edmond DE Rothschild Holding S.A. lifted its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 118.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,155 shares of the home improvement retailer's stock after purchasing an additional 1,710 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in Lowe's Companies were worth $779,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Legacy Investment Solutions LLC purchased a new stake in Lowe's Companies in the 3rd quarter worth approximately $27,000. IFS Advisors LLC purchased a new stake in Lowe's Companies in the fourth quarter worth $25,000. Marshall Investment Management LLC bought a new stake in Lowe's Companies in the fourth quarter valued at $31,000. Winch Advisory Services LLC boosted its holdings in Lowe's Companies by 56.4% in the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock valued at $30,000 after acquiring an additional 44 shares in the last quarter. Finally, Caisse Des Depots ET Consignations purchased a new position in Lowe's Companies during the 4th quarter valued at $33,000. 74.06% of the stock is owned by institutional investors.

Lowe's Companies Trading Up 0.2 %

Lowe's Companies stock traded up $0.53 during mid-day trading on Friday, hitting $223.05. The stock had a trading volume of 4,829,634 shares, compared to its average volume of 2,438,916. Lowe's Companies, Inc. has a one year low of $211.80 and a one year high of $287.01. The firm has a market capitalization of $124.84 billion, a P/E ratio of 18.60, a P/E/G ratio of 1.96 and a beta of 1.07. The firm's 50 day moving average is $242.39 and its 200 day moving average is $256.46.

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, equities research analysts forecast 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 declared a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be issued a $1.15 dividend. 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 2.06%. Lowe's Companies's dividend payout ratio is currently 37.67%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Evercore ISI lifted their target price on shares of Lowe's Companies from $270.00 to $290.00 and gave the company an "in-line" rating in a research note on Thursday, December 12th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $305.00 price objective on shares of Lowe's Companies in a research report on Wednesday, February 26th. Guggenheim restated a "buy" rating and issued a $300.00 target price on shares of Lowe's Companies in a research note on Thursday, December 12th. BNP Paribas upgraded Lowe's Companies to a "strong sell" rating in a research report on Thursday, February 27th. Finally, Piper Sandler lowered 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. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $280.35.

About Lowe's Companies

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.