Financial Engines Advisors L.L.C. Has $1.02 Million Holdings in Lowe's Companies, Inc. (NYSE:LOW)

Financial Engines Advisors L.L.C. boosted its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 171.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,146 shares of the home improvement retailer's stock after buying an additional 2,616 shares during the quarter. Financial Engines Advisors L.L.C.'s holdings in Lowe's Companies were worth $1,023,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. State Street Corp boosted its stake in shares of Lowe's Companies by 1.9% during the 3rd quarter. State Street Corp now owns 25,013,655 shares of the home improvement retailer's stock valued at $6,774,948,000 after purchasing an additional 460,851 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Lowe's Companies by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 11,733,461 shares of the home improvement retailer's stock valued at $3,169,041,000 after purchasing an additional 187,473 shares during the period. Bank of New York Mellon Corp grew its holdings in Lowe's Companies by 10.2% during the fourth quarter. Bank of New York Mellon Corp now owns 4,186,720 shares of the home improvement retailer's stock valued at $1,033,283,000 after purchasing an additional 385,994 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Lowe's Companies by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,459,064 shares of the home improvement retailer's stock worth $853,697,000 after purchasing an additional 90,012 shares in the last quarter. Finally, Amundi raised its stake in Lowe's Companies by 60.1% during the 4th quarter. Amundi now owns 2,603,305 shares of the home improvement retailer's stock valued at $642,730,000 after purchasing an additional 976,823 shares during the period. Hedge funds and other institutional investors own 74.06% of the company's stock.

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Analysts Set New Price Targets

LOW has been the topic of several recent research reports. Stifel Nicolaus increased their price target on Lowe's Companies from $265.00 to $270.00 and gave the company a "hold" rating in a report on Wednesday, December 11th. Telsey Advisory Group reiterated an "outperform" rating and set a $305.00 price objective on shares of Lowe's Companies in a research note on Wednesday, February 26th. Guggenheim restated a "buy" rating and set a $300.00 price objective on shares of Lowe's Companies in a research report on Thursday, December 12th. Truist Financial reduced their price target on shares of 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. Finally, Bank of America reduced their price objective on 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. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $279.71.

Lowe's Companies Stock Up 0.2 %

Shares of LOW stock traded up $0.49 during trading hours on Tuesday, reaching $233.72. 2,212,750 shares of the company's stock were exchanged, compared to its average volume of 2,421,824. The business has a fifty day moving average price of $244.40 and a 200-day moving average price of $257.09. The stock has a market capitalization of $130.82 billion, a P/E ratio of 19.49, a P/E/G 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 issued its quarterly earnings data 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 net margin of 8.19% and a negative return on equity of 47.55%. The firm had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. As a group, research analysts expect that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 1.97%. The ex-dividend date is Wednesday, April 23rd. Lowe's Companies's payout ratio is 37.67%.

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.