Sagespring Wealth Partners LLC Purchases New Shares in Lowe's Companies, Inc. (NYSE:LOW)

Sagespring Wealth Partners LLC acquired a new position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,203 shares of the home improvement retailer's stock, valued at approximately $1,531,000.

Several other large investors have also bought and sold shares of the business. Invst LLC bought a new stake in Lowe's Companies in the third quarter valued at approximately $255,000. Virtu Financial LLC increased its position in shares of Lowe's Companies by 66.1% in the 3rd quarter. Virtu Financial LLC now owns 5,474 shares of the home improvement retailer's stock valued at $1,483,000 after buying an additional 2,178 shares in the last quarter. Tudor Financial Inc. bought a new position in Lowe's Companies during the third quarter worth about $1,877,000. Anchor Investment Management LLC grew its stake in Lowe's Companies by 2.6% in the third quarter. Anchor Investment Management LLC now owns 45,537 shares of the home improvement retailer's stock valued at $12,334,000 after acquiring an additional 1,161 shares during the period. Finally, World Investment Advisors LLC increased its holdings in shares of Lowe's Companies by 7.6% in the third quarter. World Investment Advisors LLC now owns 23,714 shares of the home improvement retailer's stock worth $6,423,000 after acquiring an additional 1,670 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Telsey Advisory Group reiterated an "outperform" rating and issued a $305.00 price objective on shares of Lowe's Companies in a research report on Tuesday. Royal Bank of Canada reduced their price target on shares of 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. Bank of America dropped their price objective 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. Piper Sandler lowered their target price on Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating for the company in a report on Monday, March 24th. Finally, Mizuho cut their price target on Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, Lowe's Companies presently has an average rating of "Moderate Buy" and an average target price of $278.74.

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Lowe's Companies Trading Down 1.6 %

NYSE:LOW traded down $3.68 on Tuesday, hitting $220.46. The company's stock had a trading volume of 2,804,710 shares, compared to its average volume of 2,466,195. Lowe's Companies, Inc. has a one year low of $206.39 and a one year high of $287.01. The stock has a fifty day moving average of $235.57 and a two-hundred day moving average of $253.99. The firm has a market capitalization of $123.40 billion, a P/E ratio of 18.39, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share 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 for the quarter, compared to analysts' expectations of $18.29 billion. As a group, sell-side analysts anticipate that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Announces Dividend

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 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 of this dividend is Wednesday, April 23rd. Lowe's Companies's payout ratio is 37.67%.

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.