O Shaughnessy Asset Management LLC Cuts Position in Lowe's Companies, Inc. (NYSE:LOW)

O Shaughnessy Asset Management LLC trimmed its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 29.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 112,160 shares of the home improvement retailer's stock after selling 45,860 shares during the period. O Shaughnessy Asset Management LLC's holdings in Lowe's Companies were worth $27,681,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Klingenstein Fields & Co. LP boosted its stake in shares of 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 buying an additional 39 shares during the period. Powers Advisory Group LLC raised its stake in 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 valued at $380,000 after acquiring an additional 40 shares during the last quarter. Saxony Capital Management LLC lifted 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 worth $245,000 after acquiring an additional 40 shares during the period. Cordatus Wealth Management LLC grew its stake in shares of Lowe's Companies by 0.3% in the 4th 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 during the last quarter. Finally, O Brien Greene & Co. Inc increased its holdings in shares of 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 period. 74.06% of the stock is owned by institutional investors.

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Lowe's Companies Stock Performance

NYSE LOW traded up $0.49 during mid-day trading on Tuesday, reaching $233.72. 2,212,750 shares of the stock were exchanged, compared to its average volume of 2,421,822. The business's fifty day simple moving average is $245.01 and its 200 day simple moving average is $257.24. The stock has a market capitalization of $130.82 billion, a PE ratio of 19.49, a PEG ratio of 1.96 and a beta of 1.12. 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 announced its quarterly earnings data 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. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The business had revenue of $18.55 billion during the quarter, compared to the consensus estimate of $18.29 billion. On average, analysts anticipate that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a dividend yield of 1.97%. Lowe's Companies's dividend payout ratio is presently 37.67%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on LOW. Bank of America decreased their price target on Lowe's Companies from $305.00 to $290.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Truist Financial lowered their target price on shares of Lowe's Companies from $308.00 to $295.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Sanford C. Bernstein raised their price objective on shares of Lowe's Companies from $301.00 to $304.00 and gave the company an "outperform" rating in a research report on Thursday, December 12th. Stifel Nicolaus increased 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. Finally, BNP Paribas upgraded Lowe's Companies to a "strong sell" rating in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $279.71.

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.