RWA Wealth Partners LLC Has $18.92 Million Stake in Lowe's Companies, Inc. (NYSE:LOW)

RWA Wealth Partners LLC decreased its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 4.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 76,659 shares of the home improvement retailer's stock after selling 3,867 shares during the period. RWA Wealth Partners LLC's holdings in Lowe's Companies were worth $18,919,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LOW. Norges Bank bought a new position in shares of Lowe's Companies in the fourth quarter worth about $1,842,954,000. Raymond James Financial Inc. bought a new position in Lowe's Companies in the 4th quarter worth approximately $314,435,000. Strategic Financial Concepts LLC lifted its holdings in shares of Lowe's Companies by 24,531.0% during the fourth quarter. Strategic Financial Concepts LLC now owns 1,228,102 shares of the home improvement retailer's stock worth $303,096,000 after buying an additional 1,223,116 shares during the last quarter. Amundi grew its stake in shares of Lowe's Companies by 60.1% in the fourth quarter. Amundi now owns 2,603,305 shares of the home improvement retailer's stock worth $642,730,000 after acquiring an additional 976,823 shares during the last quarter. Finally, Proficio Capital Partners LLC raised its holdings in shares of Lowe's Companies by 42,529.8% in the 4th quarter. Proficio Capital Partners LLC now owns 846,202 shares of the home improvement retailer's stock worth $208,843,000 after buying an additional 844,217 shares in the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several brokerages recently commented on LOW. Sanford C. Bernstein boosted their price target on Lowe's Companies from $301.00 to $304.00 and gave the company an "outperform" rating in a research note on Thursday, December 12th. Mizuho lowered their target price on shares of Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. Wedbush restated a "neutral" rating and issued a $250.00 price target on shares of Lowe's Companies in a research report on Thursday, December 12th. Guggenheim reaffirmed a "buy" rating and set a $300.00 price objective on shares of Lowe's Companies in a report on Thursday, December 12th. Finally, Truist Financial reduced their price objective on Lowe's Companies from $308.00 to $295.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $280.35.

Lowe's Companies Price Performance

NYSE LOW traded down $11.22 during trading hours on Thursday, reaching $224.06. The company's stock had a trading volume of 1,563,684 shares, compared to its average volume of 2,510,202. The stock has a market cap of $125.41 billion, a P/E ratio of 18.69, a P/E/G ratio of 1.96 and a beta of 1.12. The firm has a fifty day simple moving average of $243.94 and a 200-day simple moving average of $256.94. Lowe's Companies, Inc. has a 52 week low of $211.80 and a 52 week high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, topping 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%. On average, research analysts expect that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lowe's Companies's dividend payout ratio (DPR) is currently 37.67%.

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.