Bank of New York Mellon Corp Has $1.03 Billion Stock Holdings in Lowe's Companies, Inc. (NYSE:LOW)

Bank of New York Mellon Corp grew its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 10.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,186,720 shares of the home improvement retailer's stock after buying an additional 385,994 shares during the quarter. Bank of New York Mellon Corp owned 0.74% of Lowe's Companies worth $1,033,283,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of LOW. IFS Advisors LLC bought a new stake in shares of Lowe's Companies in the 4th quarter worth approximately $25,000. Legacy Investment Solutions LLC bought a new position in Lowe's Companies in the third quarter worth approximately $27,000. Winch Advisory Services LLC grew its holdings in Lowe's Companies by 56.4% during the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock valued at $30,000 after buying an additional 44 shares in the last quarter. Marshall Investment Management LLC bought a new position in Lowe's Companies during the fourth quarter valued at $31,000. Finally, JNBA Financial Advisors lifted its holdings in shares of Lowe's Companies by 555.6% in the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer's stock worth $32,000 after buying an additional 100 shares during the period. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe's Companies Stock Performance

LOW traded up $6.05 during trading on Wednesday, reaching $248.44. 3,333,693 shares of the company's stock were exchanged, compared to its average volume of 2,346,543. The firm has a market capitalization of $140.28 billion, a PE ratio of 20.71, a P/E/G ratio of 1.96 and a beta of 1.11. The company's fifty day moving average price is $252.53 and its 200-day moving average price is $258.94. Lowe's Companies, Inc. has a fifty-two week low of $211.80 and a fifty-two week high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, topping the consensus estimate 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%. Research analysts forecast that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on LOW. DA Davidson boosted their target price on shares of Lowe's Companies from $240.00 to $270.00 and gave the company a "neutral" rating in a research report on Wednesday, November 20th. Mizuho boosted their target price on Lowe's Companies from $282.00 to $305.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. Barclays raised their target price on shares of Lowe's Companies from $229.00 to $245.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 20th. Guggenheim reissued a "buy" rating and issued a $300.00 price target on shares of Lowe's Companies in a report on Thursday, December 12th. Finally, Truist Financial lifted their target price on shares of Lowe's Companies from $307.00 to $308.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Ten equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $282.96.

Lowe's Companies 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.