Bessemer Group Inc. Sells 21,341 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Bessemer Group Inc. decreased its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 1.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,918,747 shares of the home improvement retailer's stock after selling 21,341 shares during the period. Lowe's Companies makes up about 0.8% of Bessemer Group Inc.'s holdings, making the stock its 21st biggest holding. Bessemer Group Inc. owned approximately 0.34% of Lowe's Companies worth $473,546,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in LOW. IFS Advisors LLC purchased a new stake in Lowe's Companies during the fourth quarter valued at about $25,000. Marshall Investment Management LLC bought a new stake in shares of Lowe's Companies in the 4th quarter valued at about $31,000. Winch Advisory Services LLC lifted its stake in shares of Lowe's Companies by 56.4% in the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock valued at $30,000 after acquiring an additional 44 shares during the last quarter. Caisse Des Depots ET Consignations purchased a new stake in Lowe's Companies during the 4th quarter valued at about $33,000. Finally, Millstone Evans Group LLC bought a new position in Lowe's Companies during the 4th quarter worth approximately $44,000. Institutional investors own 74.06% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on LOW shares. StockNews.com downgraded Lowe's Companies from a "buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Piper Sandler dropped 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, March 24th. Telsey Advisory Group reissued an "outperform" rating and issued a $305.00 price target on shares of Lowe's Companies in a report on Wednesday, February 26th. Truist Financial lowered 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. Finally, BNP Paribas raised Lowe's Companies to a "strong sell" rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Lowe's Companies has an average rating of "Moderate Buy" and an average price target of $278.74.

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Lowe's Companies Stock Performance

Shares of LOW traded down $1.09 during mid-day trading on Friday, reaching $220.11. The company had a trading volume of 2,903,271 shares, compared to its average volume of 2,463,645. Lowe's Companies, Inc. has a 52 week low of $206.39 and a 52 week high of $287.01. The company has a market capitalization of $123.20 billion, a price-to-earnings ratio of 18.36, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07. The firm has a 50-day moving average price of $236.25 and a 200 day moving average price of $254.29.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, topping analysts' consensus estimates of $1.83 by $0.10. The firm had revenue of $18.55 billion for the quarter, compared to analysts' expectations of $18.29 billion. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. As a group, research analysts forecast that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Dividend Announcement

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 $1.15 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a dividend yield of 2.09%. Lowe's Companies's dividend payout ratio is presently 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.