Lowe's Companies, Inc. (NYSE:LOW) Shares Sold by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lessened its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 368,171 shares of the home improvement retailer's stock after selling 11,481 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.07% of Lowe's Companies worth $90,865,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Klingenstein Fields & Co. LP raised its position in Lowe's Companies by 1.0% in the 4th quarter. Klingenstein Fields & Co. LP now owns 4,101 shares of the home improvement retailer's stock worth $1,012,000 after purchasing an additional 39 shares during the period. Saxony Capital Management LLC boosted its position in Lowe's Companies by 4.2% during the 4th quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer's stock valued at $245,000 after acquiring an additional 40 shares in the last quarter. Powers Advisory Group LLC lifted its stake in shares of Lowe's Companies by 2.7% during the 4th quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer's stock worth $380,000 after purchasing an additional 40 shares during the last quarter. Cordatus Wealth Management LLC boosted its position in Lowe's Companies by 0.3% during the fourth quarter. Cordatus Wealth Management LLC now owns 15,012 shares of the home improvement retailer's stock valued at $3,705,000 after purchasing an additional 41 shares in the last quarter. Finally, O Brien Greene & Co. Inc grew its stake in Lowe's Companies by 1.5% in the fourth quarter. O Brien Greene & Co. Inc now owns 2,896 shares of the home improvement retailer's stock valued at $715,000 after purchasing an additional 42 shares during the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several analysts have commented on the stock. Evercore ISI increased their price target on shares of Lowe's Companies from $270.00 to $290.00 and gave the company an "in-line" rating in a research report on Thursday, December 12th. Guggenheim reissued a "buy" rating and set a $300.00 target price on shares of Lowe's Companies in a research report on Thursday, December 12th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $305.00 price target on shares of Lowe's Companies in a report on Wednesday, February 26th. BNP Paribas upgraded Lowe's Companies to a "strong sell" rating in a report on Thursday, February 27th. Finally, Stifel Nicolaus boosted their target price on Lowe's Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research note on Wednesday, December 11th. One research 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's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $279.71.

Lowe's Companies Price Performance

LOW stock traded up $0.50 during midday trading on Tuesday, hitting $233.73. 628,929 shares of the stock traded hands, compared to its average volume of 2,501,385. Lowe's Companies, Inc. has a 1-year low of $211.80 and a 1-year high of $287.01. The stock's fifty day simple moving average is $245.01 and its 200-day simple moving average is $257.24. The firm has a market cap of $130.82 billion, a P/E ratio of 19.49, a PEG ratio of 1.96 and a beta of 1.12.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, beating analysts' consensus estimates of $1.83 by $0.10. The firm had revenue of $18.55 billion for the quarter, compared to analysts' expectations of $18.29 billion. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. On average, research analysts predict that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders 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 dividend yield of 1.97%. Lowe's Companies's dividend payout ratio (DPR) is 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.