Infusive Asset Management Inc. Sells 12,331 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Infusive Asset Management Inc. trimmed its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 40.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,503 shares of the home improvement retailer's stock after selling 12,331 shares during the period. Lowe's Companies makes up approximately 2.0% of Infusive Asset Management Inc.'s holdings, making the stock its 23rd biggest holding. Infusive Asset Management Inc.'s holdings in Lowe's Companies were worth $4,567,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC raised its holdings in Lowe's Companies by 1.0% in the fourth quarter. FMR LLC now owns 26,270,496 shares of the home improvement retailer's stock worth $6,483,558,000 after purchasing an additional 259,766 shares during the period. Geode Capital Management LLC increased its position in shares of Lowe's Companies by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 11,979,337 shares of the home improvement retailer's stock valued at $2,952,341,000 after buying an additional 245,876 shares in the last quarter. Norges Bank acquired a new stake in Lowe's Companies during the 4th quarter worth $1,842,954,000. Bank of New York Mellon Corp lifted 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 worth $1,033,283,000 after acquiring an additional 385,994 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in 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 valued at $853,697,000 after acquiring an additional 90,012 shares during the period. Institutional investors own 74.06% of the company's stock.

Lowe's Companies Stock Up 2.1 %

Shares of LOW stock traded up $4.60 on Friday, reaching $219.01. The stock had a trading volume of 2,166,819 shares, compared to its average volume of 2,471,261. Lowe's Companies, Inc. has a 12 month low of $206.39 and a 12 month high of $287.01. The firm has a market capitalization of $122.58 billion, a price-to-earnings ratio of 18.27, a P/E/G ratio of 1.96 and a beta of 1.07. The firm's 50-day moving average is $232.59 and its two-hundred day moving average is $252.62.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its earnings results 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. Lowe's Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The company had revenue of $18.55 billion during the quarter, compared to analysts' expectations of $18.29 billion. On average, 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 firm also recently disclosed 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 2.10%. The ex-dividend date is Wednesday, April 23rd. Lowe's Companies's dividend payout ratio (DPR) is 37.67%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Piper Sandler dropped their price target on Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating on the stock in a research report on Monday, March 24th. StockNews.com upgraded shares of Lowe's Companies from a "hold" rating to a "buy" rating in a report on Tuesday. Truist Financial reduced their price target on shares of Lowe's Companies from $295.00 to $258.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. BNP Paribas upgraded shares of Lowe's Companies to a "strong sell" rating in a report on Thursday, February 27th. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $305.00 target price on shares of Lowe's Companies in a report on Tuesday. One analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $278.74.

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.