Lowe's Companies, Inc. (NYSE:LOW) Holdings Decreased by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC cut its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 42.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,673 shares of the home improvement retailer's stock after selling 1,950 shares during the quarter. Signature Estate & Investment Advisors LLC's holdings in Lowe's Companies were worth $660,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of LOW. Raymond James Financial Inc. purchased a new position in Lowe's Companies during the fourth quarter worth $314,435,000. Strategic Financial Concepts LLC lifted its position in shares of Lowe's Companies by 24,531.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 1,228,102 shares of the home improvement retailer's stock valued at $303,096,000 after acquiring an additional 1,223,116 shares in the last quarter. Amundi boosted its stake in shares of Lowe's Companies by 60.1% during the fourth quarter. Amundi now owns 2,603,305 shares of the home improvement retailer's stock valued at $642,730,000 after acquiring an additional 976,823 shares during the last quarter. Proficio Capital Partners LLC increased its position in Lowe's Companies by 42,529.8% during the 4th quarter. Proficio Capital Partners LLC now owns 846,202 shares of the home improvement retailer's stock worth $208,843,000 after purchasing an additional 844,217 shares in the last quarter. Finally, State Street Corp increased its position in Lowe's Companies by 1.9% during the 3rd quarter. State Street Corp now owns 25,013,655 shares of the home improvement retailer's stock worth $6,774,948,000 after purchasing an additional 460,851 shares in the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several research firms have issued reports on LOW. Guggenheim reaffirmed a "buy" rating and set a $300.00 price target on shares of Lowe's Companies in a research note on Thursday, December 12th. Stifel Nicolaus increased their price objective on shares of Lowe's Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a report on Wednesday, December 11th. StockNews.com raised shares of Lowe's Companies from a "hold" rating to a "buy" rating in a research report on Wednesday, March 26th. Bank of America dropped their price target on shares of Lowe's Companies from $305.00 to $290.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Finally, Piper Sandler decreased their price target on shares of 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 research analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, Lowe's Companies currently has a consensus rating of "Moderate Buy" and a consensus price target of $279.71.

Lowe's Companies Stock Up 2.2 %

Shares of NYSE LOW traded up $4.96 during trading on Monday, reaching $233.38. 3,464,691 shares of the stock were exchanged, compared to its average volume of 2,422,422. The business's 50-day moving average price is $245.01 and its 200 day moving average price is $257.24. The company has a market capitalization of $130.62 billion, a price-to-earnings ratio of 19.46, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. Lowe's Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $18.55 billion during the quarter, compared to analysts' expectations of $18.29 billion. Lowe's Companies had a net margin of 8.19% and a negative return on equity of 47.55%. As a group, sell-side analysts expect that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Announces Dividend

The firm also recently disclosed 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. The ex-dividend date is Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a yield of 1.97%. 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.