Orion Portfolio Solutions LLC Sells 2,413 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Orion Portfolio Solutions LLC cut its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 3.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,114 shares of the home improvement retailer's stock after selling 2,413 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Lowe's Companies were worth $17,798,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of LOW. Legacy Investment Solutions LLC bought a new position in Lowe's Companies during the 3rd quarter worth $27,000. IFS Advisors LLC acquired a new stake in Lowe's Companies in the 4th quarter worth about $25,000. Marshall Investment Management LLC bought a new stake in Lowe's Companies in the 4th quarter valued at about $31,000. Winch Advisory Services LLC boosted its holdings in Lowe's Companies by 56.4% in the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock valued at $30,000 after purchasing an additional 44 shares during the period. Finally, Caisse Des Depots ET Consignations acquired a new position in shares of Lowe's Companies during the 4th quarter worth approximately $33,000. Institutional investors own 74.06% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on LOW. StockNews.com upgraded Lowe's Companies from a "hold" rating to a "buy" rating in a research note on Wednesday, March 26th. Evercore ISI raised their price target on Lowe's Companies from $270.00 to $290.00 and gave the stock an "in-line" rating in a research report on Thursday, December 12th. Piper Sandler cut their price objective on shares of Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating for the company in a research report on Monday, March 24th. Bank of America decreased their target price on shares of Lowe's Companies from $305.00 to $290.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Finally, Mizuho cut their price target on shares of Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating for the company in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $279.71.

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Lowe's Companies Stock Up 0.2 %

LOW traded up $0.50 during midday trading on Tuesday, hitting $233.73. 628,929 shares of the company were exchanged, compared to its average volume of 2,501,385. The firm has a market capitalization of $130.82 billion, a P/E ratio of 19.49, a P/E/G ratio of 1.96 and a beta of 1.12. The firm's 50 day moving average price is $245.01 and its 200-day moving average price is $257.24. 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 released 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. The business had revenue of $18.55 billion during the quarter, compared to the consensus estimate of $18.29 billion. Lowe's Companies had a net margin of 8.19% and a negative return on equity of 47.55%. On average, sell-side analysts predict that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be given a dividend of $1.15 per share. The ex-dividend date of this dividend 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 currently 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.