Fiera Capital Corp Lowers Position in Lowe's Companies, Inc. (NYSE:LOW)

Fiera Capital Corp trimmed its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 23.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 865,662 shares of the home improvement retailer's stock after selling 270,904 shares during the quarter. Fiera Capital Corp owned 0.15% of Lowe's Companies worth $190,844,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Brevan Howard Capital Management LP grew its position in Lowe's Companies by 824.6% in the 4th quarter. Brevan Howard Capital Management LP now owns 15,339 shares of the home improvement retailer's stock worth $3,414,000 after purchasing an additional 13,680 shares in the last quarter. Bamco Inc. NY lifted its holdings in Lowe's Companies by 10.3% during the first quarter. Bamco Inc. NY now owns 216,958 shares of the home improvement retailer's stock worth $55,266,000 after acquiring an additional 20,181 shares during the period. Plato Investment Management Ltd boosted its position in Lowe's Companies by 655.9% in the first quarter. Plato Investment Management Ltd now owns 6,304 shares of the home improvement retailer's stock worth $1,606,000 after purchasing an additional 5,470 shares during the last quarter. 17 Capital Partners LLC bought a new stake in shares of Lowe's Companies during the 1st quarter worth $1,368,000. Finally, Gerber LLC purchased a new position in Lowe's Companies in the fourth quarter valued at about $235,000. Institutional investors own 74.06% of the company's stock.

Lowe's Companies Stock Up 0.6 %

Shares of Lowe's Companies stock opened at $267.14 on Monday. The firm has a market cap of $152.23 billion, a PE ratio of 21.46, a price-to-earnings-growth ratio of 2.15 and a beta of 1.10. The company's fifty day simple moving average is $246.22 and its two-hundred day simple moving average is $236.10. Lowe's Companies, Inc. has a 12-month low of $181.85 and a 12-month high of $268.71.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 EPS for the quarter, beating analysts' consensus estimates of $3.96 by $0.14. The business had revenue of $23.59 billion during the quarter, compared to analyst estimates of $23.93 billion. Lowe's Companies had a negative return on equity of 47.07% and a net margin of 8.25%. Lowe's Companies's quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.56 EPS. As a group, sell-side analysts expect that Lowe's Companies, Inc. will post 11.93 earnings per share for the current fiscal year.

Lowe's Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd will be given a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 1.72%. This is a boost from Lowe's Companies's previous quarterly dividend of $0.15. The ex-dividend date is Wednesday, October 23rd. Lowe's Companies's dividend payout ratio (DPR) is currently 36.95%.

Wall Street Analysts Forecast Growth

LOW has been the subject of several research reports. Piper Sandler reduced their price objective on Lowe's Companies from $264.00 to $262.00 and set an "overweight" rating for the company in a report on Wednesday, August 21st. Royal Bank of Canada cut their target price on shares of Lowe's Companies from $245.00 to $238.00 and set a "sector perform" rating for the company in a research report on Wednesday, August 21st. JPMorgan Chase & Co. dropped their target price on Lowe's Companies from $272.00 to $270.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 21st. Truist Financial boosted their price objective on Lowe's Companies from $265.00 to $269.00 and gave the company a "buy" rating in a research note on Wednesday, August 21st. Finally, Wedbush reiterated a "neutral" rating and set a $250.00 price target on shares of Lowe's Companies in a research report on Wednesday, August 21st. Eleven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $258.13.

Insider Transactions at Lowe's Companies

In related news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $248.82, for a total value of $1,684,262.58. Following the completion of the transaction, the chief accounting officer now directly owns 9,383 shares of the company's stock, valued at $2,334,678.06. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.26% of the company's stock.

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.

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