Mitsubishi UFJ Trust & Banking Corp Grows Position in Lowe's Companies, Inc. (NYSE:LOW)

Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 4.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 279,632 shares of the home improvement retailer's stock after purchasing an additional 11,177 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in Lowe's Companies were worth $69,013,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new position in Lowe's Companies during the 3rd quarter worth approximately $27,000. IFS Advisors LLC bought a new position in Lowe's Companies during the 4th quarter valued at approximately $25,000. Marshall Investment Management LLC purchased a new stake in Lowe's Companies in the 4th quarter worth approximately $31,000. Winch Advisory Services LLC grew its position in shares of 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 worth $30,000 after buying an additional 44 shares during the last quarter. Finally, Millstone Evans Group LLC bought a new stake in Lowe's Companies in the fourth quarter valued at $44,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe's Companies Stock Down 1.7 %

LOW traded down $3.97 during midday trading on Friday, hitting $228.20. 2,114,045 shares of the company traded hands, compared to its average volume of 2,418,250. The company's 50-day moving average is $245.57 and its 200 day moving average is $257.31. The firm has a market capitalization of $127.73 billion, a PE ratio of 19.03, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. Lowe's Companies, Inc. has a 52 week low of $211.80 and a 52 week high of $287.01.

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Lowe's Companies (NYSE:LOW - Get Free Report) last issued 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. Lowe's Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The company had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion. 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 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 $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Wednesday, April 23rd. Lowe's Companies's payout ratio is currently 37.67%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on LOW shares. Mizuho dropped their target price on shares of Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th. Wedbush reaffirmed a "neutral" rating and set a $250.00 price objective on shares of Lowe's Companies in a research report on Thursday, December 12th. Sanford C. Bernstein raised their target price on Lowe's Companies from $301.00 to $304.00 and gave the company an "outperform" rating in a research note on Thursday, December 12th. Telsey Advisory Group reiterated an "outperform" rating and issued a $305.00 price objective on shares of Lowe's Companies in a report on Wednesday, February 26th. Finally, Piper Sandler lowered their price objective on 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. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Lowe's Companies currently has an average rating of "Moderate Buy" and a consensus price target of $279.71.

Lowe's Companies Company 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.