Norinchukin Bank The Boosts Stake in Lowe's Companies, Inc. (NYSE:LOW)

Norinchukin Bank The grew its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 9.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,089 shares of the home improvement retailer's stock after buying an additional 2,276 shares during the quarter. Norinchukin Bank The's holdings in Lowe's Companies were worth $6,439,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Klingenstein Fields & Co. LP lifted its stake in Lowe's Companies by 1.0% during the fourth 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 last quarter. Saxony Capital Management LLC lifted its position in shares of 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 worth $245,000 after buying an additional 40 shares during the last quarter. Powers Advisory Group LLC boosted its stake in Lowe's Companies by 2.7% in the fourth quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer's stock valued at $380,000 after buying an additional 40 shares in the last quarter. Cordatus Wealth Management LLC grew its position in Lowe's Companies by 0.3% in 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 acquiring an additional 41 shares during the last quarter. Finally, O Brien Greene & Co. Inc raised its stake in Lowe's Companies by 1.5% during the fourth quarter. O Brien Greene & Co. Inc now owns 2,896 shares of the home improvement retailer's stock worth $715,000 after acquiring an additional 42 shares in the last quarter. Institutional investors own 74.06% of the company's stock.

Lowe's Companies Price Performance

Shares of NYSE LOW traded up $0.59 during mid-day trading on Wednesday, reaching $218.51. 1,063,002 shares of the company's stock traded hands, compared to its average volume of 2,468,402. The business has a 50-day simple moving average of $231.16 and a 200 day simple moving average of $251.89. The stock has a market cap of $122.30 billion, a P/E ratio of 18.22, a PEG ratio of 1.96 and a beta of 1.07. Lowe's Companies, Inc. has a 1-year low of $206.39 and a 1-year high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) 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 negative return on equity of 47.55% and a net margin of 8.19%. Equities research analysts anticipate that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 2.11%. 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 recently issued reports on LOW shares. Bank of America decreased their price target 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. DA Davidson reiterated a "neutral" rating and set a $270.00 price target on shares of Lowe's Companies in a report on Wednesday, April 16th. Telsey Advisory Group reissued an "outperform" rating and set a $305.00 price objective on shares of Lowe's Companies in a report on Tuesday, April 15th. Piper Sandler reduced their price objective on Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating on the stock in a research report on Monday, March 24th. Finally, BNP Paribas upgraded Lowe's Companies to a "strong sell" rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, Lowe's Companies presently has an average rating of "Moderate Buy" and an average price target of $278.74.

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.