Applied Finance Capital Management LLC Has $37.20 Million Position in Lowe's Companies, Inc. (NYSE:LOW)

Applied Finance Capital Management LLC lowered its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 14.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 150,726 shares of the home improvement retailer's stock after selling 25,204 shares during the quarter. Lowe's Companies comprises about 1.6% of Applied Finance Capital Management LLC's portfolio, making the stock its 27th biggest holding. Applied Finance Capital Management LLC's holdings in Lowe's Companies were worth $37,199,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. United Bank increased its stake in Lowe's Companies by 1.4% in the 3rd quarter. United Bank now owns 10,099 shares of the home improvement retailer's stock worth $2,735,000 after purchasing an additional 137 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of Lowe's Companies in the third quarter worth approximately $205,000. Wellington Management Group LLP lifted its position in shares of Lowe's Companies by 14.4% in the 3rd quarter. Wellington Management Group LLP now owns 721,116 shares of the home improvement retailer's stock valued at $195,314,000 after acquiring an additional 90,750 shares in the last quarter. Zacks Investment Management boosted its stake in Lowe's Companies by 7.4% in the 3rd quarter. Zacks Investment Management now owns 3,166 shares of the home improvement retailer's stock worth $858,000 after purchasing an additional 217 shares during the period. Finally, Legacy Investment Solutions LLC purchased a new position in Lowe's Companies during the 3rd quarter worth approximately $27,000. Institutional investors own 74.06% of the company's stock.

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Analysts Set New Price Targets

LOW has been the subject of several recent analyst reports. StockNews.com cut Lowe's Companies from a "buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Bank of America lowered their target price on Lowe's Companies from $305.00 to $290.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. 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 research report on Thursday, February 27th. 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 report on Thursday, February 27th. Finally, Piper Sandler cut their target price 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, March 24th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $278.74.

Lowe's Companies Trading Down 0.5 %

Shares of Lowe's Companies stock traded down $1.09 on Friday, reaching $220.11. 2,903,271 shares of the company were exchanged, compared to its average volume of 2,462,266. Lowe's Companies, Inc. has a one year low of $206.39 and a one year high of $287.01. The company has a 50-day moving average of $236.25 and a 200 day moving average of $254.37. The company has a market capitalization of $123.20 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 1.96 and a beta of 1.07.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly 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 negative return on equity of 47.55% and a net margin of 8.19%. The firm had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion. Analysts predict that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be paid 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 (DPR) 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.