J. Safra Sarasin Holding AG Has $26.17 Million Stock Holdings in Lowe's Companies, Inc. (NYSE:LOW)

J. Safra Sarasin Holding AG grew its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 27.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 106,019 shares of the home improvement retailer's stock after acquiring an additional 22,887 shares during the period. J. Safra Sarasin Holding AG's holdings in Lowe's Companies were worth $26,166,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. IFS Advisors LLC acquired a new stake in shares of Lowe's Companies in the 4th quarter worth about $25,000. Winch Advisory Services LLC increased its holdings in Lowe's Companies by 56.4% during the 4th 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 period. Marshall Investment Management LLC purchased a new stake in shares of Lowe's Companies in the fourth quarter worth $31,000. Caisse Des Depots ET Consignations bought a new position in Lowe's Companies during the fourth quarter valued at approximately $33,000. Finally, Millstone Evans Group LLC purchased a new position in Lowe's Companies in the 4th quarter worth $44,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe's Companies Stock Performance

Shares of NYSE:LOW traded up $4.55 during trading on Thursday, hitting $222.31. The company's stock had a trading volume of 2,242,740 shares, compared to its average volume of 2,477,659. Lowe's Companies, Inc. has a fifty-two week low of $206.39 and a fifty-two week high of $287.01. The stock's 50-day moving average price is $230.48 and its two-hundred day moving average price is $251.65. The company has a market capitalization of $124.43 billion, a PE ratio of 18.54, a PEG ratio of 1.96 and a beta of 1.07.

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 firm 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%. On average, equities analysts predict 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 declared a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Wednesday, April 23rd. Lowe's Companies's dividend payout ratio (DPR) is 37.67%.

Analysts Set New Price Targets

LOW has been the topic of several research analyst reports. Telsey Advisory Group reissued an "outperform" rating and set a $305.00 target price on shares of Lowe's Companies in a research note on Tuesday, April 15th. Royal Bank of Canada dropped their target price on shares of 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. Piper Sandler decreased their target price 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. BNP Paribas upgraded Lowe's Companies to a "strong sell" rating in a research report on Thursday, February 27th. Finally, StockNews.com upgraded Lowe's Companies from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $278.74.

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.