LaSalle St. Investment Advisors LLC Raises Position in Lowe's Companies, Inc. (NYSE:LOW)

LaSalle St. Investment Advisors LLC increased its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 118.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,672 shares of the home improvement retailer's stock after purchasing an additional 1,451 shares during the quarter. LaSalle St. Investment Advisors LLC's holdings in Lowe's Companies were worth $659,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in LOW. IFS Advisors LLC bought a new stake in shares of Lowe's Companies during the 4th quarter worth $25,000. Winch Advisory Services LLC increased its holdings in Lowe's Companies by 56.4% during the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock worth $30,000 after buying an additional 44 shares during the last quarter. Marshall Investment Management LLC purchased a new stake in Lowe's Companies during the fourth quarter worth about $31,000. Caisse Des Depots ET Consignations bought a new stake in Lowe's Companies in the fourth quarter worth about $33,000. Finally, Millstone Evans Group LLC purchased a new position in Lowe's Companies in the fourth quarter valued at about $44,000. 74.06% of the stock is owned by institutional investors.

Lowe's Companies Trading Down 1.6 %

Shares of NYSE LOW traded down $3.68 during midday trading on Tuesday, hitting $220.46. 2,804,710 shares of the company's stock were exchanged, compared to its average volume of 2,468,326. The business's fifty day moving average price is $234.86 and its two-hundred day moving average price is $253.76. The company has a market cap of $123.40 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 1.96 and a beta of 1.07. Lowe's Companies, Inc. has a 12-month low of $206.39 and a 12-month high of $287.01.

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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 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. Equities analysts expect 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 disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be issued a dividend of $1.15 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.09%. Lowe's Companies's dividend payout ratio is 37.67%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on LOW shares. Royal Bank of Canada decreased their price target 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. BNP Paribas raised Lowe's Companies to a "strong sell" rating in a research report on Thursday, February 27th. 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. Telsey Advisory Group reissued an "outperform" rating and issued a $305.00 price objective on shares of Lowe's Companies in a report on Tuesday. Finally, Truist Financial dropped their price objective on shares of Lowe's Companies from $295.00 to $258.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. One research 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 presently has a consensus rating of "Moderate Buy" and a consensus price target of $278.74.

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.