Rathbones Group PLC Sells 1,450 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Rathbones Group PLC decreased its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 14.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,910 shares of the home improvement retailer's stock after selling 1,450 shares during the quarter. Rathbones Group PLC's holdings in Lowe's Companies were worth $2,199,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. United Bank raised its holdings in Lowe's Companies by 1.4% during the third quarter. United Bank now owns 10,099 shares of the home improvement retailer's stock worth $2,735,000 after acquiring an additional 137 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in shares of Lowe's Companies during the 3rd quarter worth approximately $205,000. Zacks Investment Management boosted its holdings in shares of Lowe's Companies by 7.4% in the 3rd quarter. Zacks Investment Management now owns 3,166 shares of the home improvement retailer's stock valued at $858,000 after buying an additional 217 shares during the last quarter. LRI Investments LLC grew its stake in shares of Lowe's Companies by 23.8% in the third quarter. LRI Investments LLC now owns 2,309 shares of the home improvement retailer's stock valued at $624,000 after buying an additional 444 shares in the last quarter. Finally, Continuum Advisory LLC grew its stake in shares of Lowe's Companies by 69.2% in the third quarter. Continuum Advisory LLC now owns 1,389 shares of the home improvement retailer's stock valued at $376,000 after buying an additional 568 shares in the last quarter. Institutional investors own 74.06% of the company's stock.

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Lowe's Companies Price Performance

NYSE:LOW traded down $1.09 during mid-day trading on Friday, reaching $220.11. The stock had a trading volume of 2,903,271 shares, compared to its average volume of 2,463,645. The stock has a 50-day simple moving average of $236.25 and a two-hundred day simple moving average of $254.29. The stock has a market capitalization of $123.20 billion, a PE ratio of 18.36, a P/E/G ratio of 1.96 and a beta of 1.07. Lowe's Companies, Inc. has a 12 month low of $206.39 and a 12 month high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $18.29 billion. Equities analysts expect that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Wednesday, April 23rd. Lowe's Companies's dividend payout ratio (DPR) is currently 37.67%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Mizuho cut their price target on shares of Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating for the company in a research note on Thursday, February 27th. Telsey Advisory Group reissued an "outperform" rating and set a $305.00 price target on shares of Lowe's Companies in a research report on Wednesday, February 26th. Truist Financial cut their price objective on Lowe's Companies from $295.00 to $258.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Bank of America decreased their target price on Lowe's Companies from $305.00 to $290.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Finally, Royal Bank of Canada cut their price target on Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating for the company in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $278.74.

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.