Mitsubishi UFJ Asset Management Co. Ltd. Purchases 76,055 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 9.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 924,385 shares of the home improvement retailer's stock after acquiring an additional 76,055 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.16% of Lowe's Companies worth $229,691,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. United Bank boosted its stake in shares of Lowe's Companies by 1.4% in the 3rd quarter. United Bank now owns 10,099 shares of the home improvement retailer's stock valued at $2,735,000 after purchasing an additional 137 shares during the last quarter. Soros Capital Management LLC lifted its holdings in Lowe's Companies by 39.3% in the third quarter. Soros Capital Management LLC now owns 2,508 shares of the home improvement retailer's stock valued at $679,000 after buying an additional 708 shares during the period. Blueshift Asset Management LLC boosted its position in Lowe's Companies by 13.2% during the third quarter. Blueshift Asset Management LLC now owns 2,770 shares of the home improvement retailer's stock valued at $750,000 after acquiring an additional 324 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Lowe's Companies by 101.3% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 150,000 shares of the home improvement retailer's stock worth $40,628,000 after acquiring an additional 75,500 shares during the period. Finally, CreativeOne Wealth LLC raised its position in shares of Lowe's Companies by 18.5% in the 3rd quarter. CreativeOne Wealth LLC now owns 12,344 shares of the home improvement retailer's stock worth $3,343,000 after acquiring an additional 1,924 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

Several brokerages recently commented on LOW. Royal Bank of Canada cut their target price on Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating on the stock in a research report on Thursday, February 27th. Wedbush reaffirmed a "neutral" rating and set a $250.00 price objective on shares of Lowe's Companies in a research report on Thursday, December 12th. Telsey Advisory Group reiterated an "outperform" rating and set a $305.00 target price on shares of Lowe's Companies in a research report on Wednesday, February 26th. Mizuho reduced their price target on shares of Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating for the company in a report on Thursday, February 27th. Finally, BNP Paribas upgraded shares of Lowe's Companies to a "strong sell" rating in a report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $279.71.

Lowe's Companies Price Performance

Shares of NYSE LOW traded up $2.67 during trading on Monday, reaching $231.09. 761,285 shares of the stock traded hands, compared to its average volume of 2,411,879. The stock has a market capitalization of $129.34 billion, a P/E ratio of 19.27, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. Lowe's Companies, Inc. has a 52-week low of $211.80 and a 52-week high of $287.01. The company has a 50-day moving average of $245.57 and a 200-day moving average of $257.38.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share 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 during the quarter, compared to analyst estimates of $18.29 billion. Analysts expect that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Dividend Announcement

The business also recently announced 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 of this dividend is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a dividend yield of 1.99%. Lowe's Companies's dividend payout ratio is currently 37.67%.

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.