Lowe's Companies, Inc. (NYSE:LOW) Holdings Raised by Symmetry Partners LLC

Symmetry Partners LLC increased its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 246.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,856 shares of the home improvement retailer's stock after purchasing an additional 2,742 shares during the quarter. Symmetry Partners LLC's holdings in Lowe's Companies were worth $952,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. StoneX Group Inc. acquired a new stake in Lowe's Companies during the third quarter worth about $2,713,000. Principal Financial Group Inc. raised its position in shares of Lowe's Companies by 4.0% during the 3rd quarter. Principal Financial Group Inc. now owns 649,601 shares of the home improvement retailer's stock worth $175,944,000 after purchasing an additional 24,812 shares during the period. Miracle Mile Advisors LLC lifted its holdings in shares of Lowe's Companies by 288.6% in the 4th quarter. Miracle Mile Advisors LLC now owns 19,028 shares of the home improvement retailer's stock worth $4,696,000 after purchasing an additional 14,132 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Lowe's Companies by 1.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 362,209 shares of the home improvement retailer's stock worth $98,104,000 after buying an additional 4,435 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV increased its position in Lowe's Companies by 2.6% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 19,830 shares of the home improvement retailer's stock worth $4,894,000 after buying an additional 501 shares during the period. Institutional investors own 74.06% of the company's stock.

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Lowe's Companies Stock Up 2.6 %

Shares of LOW stock traded up $5.94 during trading hours on Monday, reaching $233.01. 2,485,056 shares of the stock traded hands, compared to its average volume of 2,279,898. The business has a fifty day moving average price of $247.67 and a 200 day moving average price of $257.80. Lowe's Companies, Inc. has a 1-year low of $211.80 and a 1-year high of $287.01. The firm has a market capitalization of $131.57 billion, a PE ratio of 19.43, a PEG ratio of 1.96 and a beta of 1.12.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.10. The company had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion. Lowe's Companies had a net margin of 8.19% and a negative return on equity of 47.55%. Research 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 firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be given 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 yield of 1.97%. Lowe's Companies's payout ratio is presently 37.67%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Piper Sandler lowered their price target on shares of Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating for the company in a research report on Monday. Mizuho dropped their price target on shares of 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. Sanford C. Bernstein boosted their price objective on Lowe's Companies from $301.00 to $304.00 and gave the stock an "outperform" rating in a research report on Thursday, December 12th. Telsey Advisory Group restated an "outperform" rating and issued a $305.00 target price on shares of Lowe's Companies in a research report on Wednesday, February 26th. Finally, Bank of America reduced their price target on Lowe's Companies from $305.00 to $290.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $279.71.

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.