Lowe's Companies, Inc. (NYSE:LOW) Shares Sold by Korea Investment CORP

Korea Investment CORP cut its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 8.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 380,224 shares of the home improvement retailer's stock after selling 33,118 shares during the quarter. Korea Investment CORP owned approximately 0.07% of Lowe's Companies worth $93,839,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Klingenstein Fields & Co. LP lifted its stake in Lowe's Companies by 1.0% in the fourth quarter. Klingenstein Fields & Co. LP now owns 4,101 shares of the home improvement retailer's stock worth $1,012,000 after acquiring an additional 39 shares during the period. Saxony Capital Management LLC lifted its position in shares of Lowe's Companies by 4.2% in the 4th quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer's stock worth $245,000 after purchasing an additional 40 shares during the period. Powers Advisory Group LLC boosted its stake in shares of Lowe's Companies by 2.7% during the fourth quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer's stock valued at $380,000 after purchasing an additional 40 shares in the last quarter. Cordatus Wealth Management LLC increased its holdings in Lowe's Companies by 0.3% during the fourth quarter. Cordatus Wealth Management LLC now owns 15,012 shares of the home improvement retailer's stock valued at $3,705,000 after buying an additional 41 shares during the period. Finally, O Brien Greene & Co. Inc raised its stake in Lowe's Companies by 1.5% in the fourth quarter. O Brien Greene & Co. Inc now owns 2,896 shares of the home improvement retailer's stock worth $715,000 after buying an additional 42 shares in the last quarter. Institutional investors own 74.06% of the company's stock.

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Analyst Ratings Changes

A number of research analysts have recently issued reports on LOW shares. Stifel Nicolaus lifted 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. Mizuho cut their target price on Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating on the stock in a research note on Thursday, February 27th. Bank of America lowered 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 report on Thursday, February 27th. Royal Bank of Canada reduced their price objective on shares of Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating for the company in a research note on Thursday, February 27th. Finally, Truist Financial lowered their target price on shares of Lowe's Companies from $308.00 to $295.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $279.71.

Lowe's Companies Stock Performance

NYSE LOW opened at $233.38 on Tuesday. Lowe's Companies, Inc. has a fifty-two week low of $211.80 and a fifty-two week high of $287.01. The stock has a 50-day simple moving average of $245.01 and a two-hundred day simple moving average of $257.24. The firm has a market capitalization of $130.62 billion, a P/E ratio of 19.46, a PEG ratio of 1.96 and a beta of 1.12.

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 the consensus estimate of $1.83 by $0.10. The business had revenue of $18.55 billion for the quarter, compared to analyst estimates 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, analysts forecast that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Dividend Announcement

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

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.