Keystone Financial Group grew its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 69.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,051 shares of the home improvement retailer's stock after buying an additional 9,888 shares during the quarter. Keystone Financial Group's holdings in Lowe's Companies were worth $5,975,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. FMR LLC increased its stake in shares of Lowe's Companies by 1.0% during the fourth quarter. FMR LLC now owns 26,270,496 shares of the home improvement retailer's stock valued at $6,483,558,000 after purchasing an additional 259,766 shares in the last quarter. Geode Capital Management LLC lifted its stake in Lowe's Companies by 2.1% during 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 acquiring an additional 245,876 shares during the period. Norges Bank bought a new stake in Lowe's Companies in the 4th quarter worth approximately $1,842,954,000. Bank of New York Mellon Corp increased its position 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 acquiring an additional 385,994 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Lowe's Companies by 2.7% in the 4th 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 during the period. 74.06% of the stock is owned by hedge funds and other institutional investors.
Lowe's Companies Stock Down 1.6 %
Shares of Lowe's Companies stock traded down $3.68 during trading on Tuesday, reaching $220.46. The company's stock had a trading volume of 2,804,710 shares, compared to its average volume of 2,468,326. Lowe's Companies, Inc. has a 12-month low of $206.39 and a 12-month high of $287.01. The business has a 50 day moving average price of $234.86 and a 200-day moving average price of $253.76. The company has a market capitalization of $123.40 billion, a P/E ratio of 18.39, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07.
Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share 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 during the quarter, compared to analysts' expectations of $18.29 billion. Research analysts predict that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.
Lowe's Companies Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be issued a $1.15 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a yield of 2.09%. Lowe's Companies's payout ratio is 37.67%.
Analyst Ratings Changes
A number of research firms have recently weighed in on LOW. BNP Paribas raised Lowe's Companies to a "strong sell" rating in a research report on Thursday, February 27th. Mizuho cut their price objective on Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th. Royal Bank of Canada reduced their price target on shares of Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating on the stock in a research report on Thursday, February 27th. Truist Financial decreased 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. Finally, StockNews.com upgraded shares of Lowe's Companies from a "hold" rating to a "buy" rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $278.74.
Read Our Latest Stock Report on LOW
Lowe's Companies Company Profile
(
Free Report)
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.
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