FIL Ltd Has $227.63 Million Stake in Lowe's Companies, Inc. (NYSE:LOW)

FIL Ltd cut its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 1.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 922,311 shares of the home improvement retailer's stock after selling 10,880 shares during the quarter. FIL Ltd owned about 0.16% of Lowe's Companies worth $227,626,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

LOW has been the topic of a number of recent research reports. Telsey Advisory Group reiterated an "outperform" rating and set a $305.00 target price on shares of Lowe's Companies in a research note on Wednesday, February 26th. Truist Financial lowered their price objective on Lowe's Companies from $295.00 to $258.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. BNP Paribas raised Lowe's Companies to a "strong sell" rating in a report on Thursday, February 27th. 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 research note on Thursday, February 27th. Finally, StockNews.com lowered shares of Lowe's Companies from a "buy" rating to a "hold" rating in a research report on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, Lowe's Companies presently has a consensus rating of "Moderate Buy" and a consensus target price of $278.74.

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Lowe's Companies Stock Performance

Shares of NYSE:LOW traded down $1.09 during midday trading on Friday, reaching $220.11. The company's stock had a trading volume of 2,903,271 shares, compared to its average volume of 2,463,645. The firm has a market capitalization of $123.20 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 1.96 and a beta of 1.07. The firm has a 50 day moving average price of $236.25 and a two-hundred day moving average price of $254.29. Lowe's Companies, Inc. has a fifty-two week low of $206.39 and a fifty-two week high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.83 by $0.10. The company had revenue of $18.55 billion for the quarter, compared to analysts' expectations of $18.29 billion. Lowe's Companies had a net margin of 8.19% and a negative return on equity of 47.55%. 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 firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be paid a dividend of $1.15 per share. 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 2.09%. Lowe's Companies's dividend payout ratio (DPR) is presently 37.67%.

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.