Lee Danner & Bass Inc. Sells 1,976 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Lee Danner & Bass Inc. decreased its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 72,781 shares of the home improvement retailer's stock after selling 1,976 shares during the period. Lowe's Companies makes up 1.4% of Lee Danner & Bass Inc.'s portfolio, making the stock its 13th largest holding. Lee Danner & Bass Inc.'s holdings in Lowe's Companies were worth $17,962,000 as of its most recent SEC filing.

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

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Analyst Upgrades and Downgrades

Several research analysts have weighed in on LOW shares. Mizuho lowered their price target on Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating on the stock in a research report on Thursday, February 27th. Royal Bank of Canada dropped their price target 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. BNP Paribas raised shares of Lowe's Companies to a "strong sell" rating in a research report on Thursday, February 27th. Piper Sandler lowered their price objective on shares of Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating on the stock in a research note on Monday. Finally, Truist Financial cut their target price on shares of Lowe's Companies from $308.00 to $295.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Lowe's Companies presently has an average rating of "Moderate Buy" and a consensus target price of $279.71.

Lowe's Companies Trading Down 1.0 %

Shares of NYSE:LOW traded down $2.28 on Tuesday, reaching $230.61. 2,476,794 shares of the company's stock were exchanged, compared to its average volume of 2,279,546. Lowe's Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01. The company has a fifty day moving average of $247.67 and a 200-day moving average of $257.80. The company has a market capitalization of $130.21 billion, a price-to-earnings ratio of 19.23, a PEG ratio of 1.96 and a beta of 1.12.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued 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 business had revenue of $18.55 billion for the quarter, compared to the consensus estimate 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, equities research analysts forecast that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lowe's Companies's dividend payout ratio (DPR) is presently 37.67%.

About Lowe's Companies

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.