Montag & Caldwell LLC Acquires 8,275 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Montag & Caldwell LLC increased its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 17.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,861 shares of the home improvement retailer's stock after acquiring an additional 8,275 shares during the quarter. Lowe's Companies makes up approximately 2.9% of Montag & Caldwell LLC's holdings, making the stock its 12th biggest holding. Montag & Caldwell LLC's holdings in Lowe's Companies were worth $13,786,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. FMR LLC boosted its stake in Lowe's Companies by 1.0% during the 4th 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 during the period. Geode Capital Management LLC boosted 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 purchasing an additional 245,876 shares in the last quarter. Norges Bank bought a new stake in shares of Lowe's Companies in the 4th quarter worth $1,842,954,000. Bank of New York Mellon Corp lifted its holdings in shares of Lowe's Companies by 10.2% in 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 buying an additional 385,994 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Lowe's Companies by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,459,064 shares of the home improvement retailer's stock worth $853,697,000 after acquiring an additional 90,012 shares during the period. Institutional investors own 74.06% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LOW. Royal Bank of Canada lowered their price objective 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. StockNews.com raised Lowe's Companies from a "hold" rating to a "buy" rating in a research report on Tuesday. Mizuho decreased 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 report on Thursday, February 27th. Bank of America reduced their target price on shares of Lowe's Companies from $305.00 to $290.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Finally, Truist Financial dropped their price objective on shares of Lowe's Companies from $295.00 to $258.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $278.74.

Lowe's Companies Trading Up 2.1 %

Shares of LOW stock traded up $4.60 on Friday, hitting $219.01. The stock had a trading volume of 2,166,819 shares, compared to its average volume of 2,469,826. The firm has a market cap of $122.58 billion, a P/E ratio of 18.27, a PEG ratio of 1.96 and a beta of 1.07. Lowe's Companies, Inc. has a twelve month low of $206.39 and a twelve month high of $287.01. The company has a fifty day moving average price of $232.59 and a two-hundred day moving average price of $252.76.

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, beating 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 firm had revenue of $18.55 billion during the quarter, compared to analysts' expectations of $18.29 billion. On average, analysts expect 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 disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be given a $1.15 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a yield of 2.10%. Lowe's Companies's dividend payout ratio is currently 37.67%.

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.