Lowe's Companies, Inc. (NYSE:LOW) Shares Sold by Ossiam

Ossiam lowered its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 98.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,308 shares of the home improvement retailer's stock after selling 173,428 shares during the period. Ossiam's holdings in Lowe's Companies were worth $570,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. IFS Advisors LLC bought a new stake in shares of Lowe's Companies in the 4th quarter worth approximately $25,000. Winch Advisory Services LLC grew its position in shares of Lowe's Companies by 56.4% during the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock worth $30,000 after acquiring an additional 44 shares during the last quarter. Marshall Investment Management LLC acquired a new stake in shares of Lowe's Companies in the 4th quarter worth about $31,000. Caisse Des Depots ET Consignations bought a new stake in Lowe's Companies in the 4th quarter valued at about $33,000. Finally, Millstone Evans Group LLC acquired a new position in Lowe's Companies during the 4th quarter valued at about $44,000. Institutional investors own 74.06% of the company's stock.

Lowe's Companies Trading Up 2.9 %

NYSE:LOW opened at $219.03 on Wednesday. Lowe's Companies, Inc. has a 1-year low of $206.39 and a 1-year high of $287.01. The firm has a market capitalization of $122.59 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 1.96 and a beta of 1.07. The business's fifty day moving average price is $231.16 and its 200 day moving average price is $251.89.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted 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. Lowe's Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The business had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.29 billion. Equities analysts forecast that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be issued a dividend of $1.15 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a dividend yield of 2.10%. Lowe's Companies's dividend payout ratio is 37.67%.

Analysts Set New Price Targets

Several research firms recently commented on LOW. StockNews.com upgraded Lowe's Companies from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. Bank of America cut their price objective 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. DA Davidson restated a "neutral" rating and set a $270.00 price target on shares of Lowe's Companies in a research report on Wednesday, April 16th. Royal Bank of Canada decreased their price objective on shares of Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating for the company in a report on Thursday, February 27th. Finally, Piper Sandler dropped their target price on Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating on the stock in a report on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $278.74.

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.

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