Schroder Investment Management Group Has $484.05 Million Holdings in Lowe's Companies, Inc. (NYSE:LOW)

Schroder Investment Management Group lessened its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 28.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,961,308 shares of the home improvement retailer's stock after selling 775,144 shares during the quarter. Schroder Investment Management Group owned 0.35% of Lowe's Companies worth $484,051,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank bought a new position in Lowe's Companies in the fourth quarter valued at approximately $1,842,954,000. Raymond James Financial Inc. bought a new stake in Lowe's Companies in the 4th quarter valued at $314,435,000. Strategic Financial Concepts LLC boosted its stake in Lowe's Companies by 24,531.0% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,228,102 shares of the home improvement retailer's stock worth $303,096,000 after purchasing an additional 1,223,116 shares during the period. Amundi increased its holdings in Lowe's Companies by 60.1% during the 4th quarter. Amundi now owns 2,603,305 shares of the home improvement retailer's stock worth $642,730,000 after purchasing an additional 976,823 shares in the last quarter. Finally, Proficio Capital Partners LLC raised its stake in shares of Lowe's Companies by 42,529.8% in the 4th quarter. Proficio Capital Partners LLC now owns 846,202 shares of the home improvement retailer's stock valued at $208,843,000 after purchasing an additional 844,217 shares during the period. 74.06% of the stock is currently owned by institutional investors.

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Lowe's Companies Stock Performance

Shares of NYSE LOW traded down $11.31 during trading hours on Thursday, hitting $223.97. 1,441,822 shares of the stock were exchanged, compared to its average volume of 2,417,076. The company's fifty day simple moving average is $243.94 and its two-hundred day simple moving average is $256.94. The company has a market cap of $125.36 billion, a PE ratio of 18.68, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. Lowe's Companies, Inc. has a 1-year low of $211.80 and a 1-year high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, beating 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. As a group, sell-side analysts expect that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 2.05%. The ex-dividend date is Wednesday, April 23rd. Lowe's Companies's payout ratio is 37.67%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LOW. Bank of America decreased their price objective on Lowe's Companies from $305.00 to $290.00 and set a "buy" rating for the company in a 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 report on Thursday, February 27th. BNP Paribas upgraded shares of Lowe's Companies to a "strong sell" rating in a research note on Thursday, February 27th. Sanford C. Bernstein increased their price objective on shares of Lowe's Companies from $301.00 to $304.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. Finally, Truist Financial lowered their target price on Lowe's Companies from $308.00 to $295.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $280.35.

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.