Lowe's Companies, Inc. (NYSE:LOW) Holdings Trimmed by First Foundation Advisors

First Foundation Advisors decreased its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 6.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 48,767 shares of the home improvement retailer's stock after selling 3,167 shares during the quarter. First Foundation Advisors' holdings in Lowe's Companies were worth $12,036,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Klingenstein Fields & Co. LP raised its stake in Lowe's Companies by 1.0% during the fourth quarter. Klingenstein Fields & Co. LP now owns 4,101 shares of the home improvement retailer's stock worth $1,012,000 after purchasing an additional 39 shares during the period. Powers Advisory Group LLC raised its holdings in shares of Lowe's Companies by 2.7% in the 4th quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer's stock worth $380,000 after purchasing an additional 40 shares during the period. Saxony Capital Management LLC lifted its stake in shares of Lowe's Companies by 4.2% in the 4th quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer's stock valued at $245,000 after purchasing an additional 40 shares in the last quarter. Cordatus Wealth Management LLC grew its holdings in shares of Lowe's Companies by 0.3% during the 4th quarter. Cordatus Wealth Management LLC now owns 15,012 shares of the home improvement retailer's stock worth $3,705,000 after purchasing an additional 41 shares during the period. Finally, O Brien Greene & Co. Inc increased its position in Lowe's Companies by 1.5% during the 4th quarter. O Brien Greene & Co. Inc now owns 2,896 shares of the home improvement retailer's stock worth $715,000 after purchasing an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. BNP Paribas upgraded shares of Lowe's Companies to a "strong sell" rating in a research note on Thursday, February 27th. Piper Sandler lowered their price target on Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating for the company in a report on Monday, March 24th. Royal Bank of Canada cut their price objective 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. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $305.00 target price on shares of Lowe's Companies in a research report on Wednesday, February 26th. Finally, Bank of America dropped their price target on shares of 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. One research analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $278.74.

Lowe's Companies Stock Performance

Shares of NYSE:LOW traded up $1.96 during trading hours on Monday, hitting $222.31. The stock had a trading volume of 996,083 shares, compared to its average volume of 2,458,066. The stock's fifty day simple moving average is $236.25 and its 200 day simple moving average is $254.29. The firm has a market capitalization of $124.43 billion, a price-to-earnings ratio of 18.54, a PEG ratio of 1.96 and a beta of 1.07. Lowe's Companies, Inc. has a 1-year low of $206.39 and a 1-year high of $287.01.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.83 by $0.10. The company had revenue of $18.55 billion during the quarter, compared to analyst estimates 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 anticipate that Lowe's Companies, Inc. will post 11.9 EPS 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. Stockholders of record on Wednesday, April 23rd will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Wednesday, April 23rd. Lowe's Companies's dividend payout ratio (DPR) 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.