Lowe's Companies, Inc. (NYSE:LOW) Stock Holdings Lifted by Summitry LLC

Summitry LLC increased its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 2.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 294,412 shares of the home improvement retailer's stock after acquiring an additional 5,813 shares during the period. Lowe's Companies makes up about 3.6% of Summitry LLC's holdings, making the stock its 10th largest holding. Summitry LLC owned approximately 0.05% of Lowe's Companies worth $72,661,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LOW. Principal Financial Group Inc. lifted its holdings in shares of Lowe's Companies by 4.0% in the 3rd quarter. Principal Financial Group Inc. now owns 649,601 shares of the home improvement retailer's stock worth $175,944,000 after acquiring an additional 24,812 shares during the last quarter. Miracle Mile Advisors LLC raised its position in Lowe's Companies by 288.6% in the fourth quarter. Miracle Mile Advisors LLC now owns 19,028 shares of the home improvement retailer's stock valued at $4,696,000 after purchasing an additional 14,132 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in Lowe's Companies by 1.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 362,209 shares of the home improvement retailer's stock worth $98,104,000 after purchasing an additional 4,435 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its position in shares of Lowe's Companies by 2.6% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 19,830 shares of the home improvement retailer's stock worth $4,894,000 after buying an additional 501 shares during the period. Finally, Great Lakes Advisors LLC grew its stake in shares of Lowe's Companies by 1.5% in the fourth quarter. Great Lakes Advisors LLC now owns 472,838 shares of the home improvement retailer's stock valued at $116,696,000 after buying an additional 7,187 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company's stock.

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Lowe's Companies Stock Performance

NYSE LOW traded down $3.97 during trading hours on Friday, hitting $228.20. The company had a trading volume of 2,114,045 shares, compared to its average volume of 2,418,250. The business has a 50 day moving average of $245.57 and a 200-day moving average of $257.31. The company has a market cap of $127.73 billion, a PE ratio of 19.03, a price-to-earnings-growth 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 earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.83 by $0.10. The firm had revenue of $18.55 billion during the quarter, compared to analysts' expectations of $18.29 billion. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. Sell-side analysts expect that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Announces Dividend

The firm also recently declared 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 yield of 2.02%. Lowe's Companies's dividend payout ratio (DPR) is 37.67%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on LOW shares. Guggenheim restated a "buy" rating and set a $300.00 target price on shares of Lowe's Companies in a report on Thursday, December 12th. Wedbush reissued a "neutral" rating and issued a $250.00 price objective on shares of Lowe's Companies in a research note on Thursday, December 12th. Sanford C. Bernstein upped their target price on shares of Lowe's Companies from $301.00 to $304.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. Piper Sandler dropped their price target on shares of Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating for the company in a research note on Monday, March 24th. Finally, Mizuho cut their price objective on Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating on the stock in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price 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.