Vanguard Group Inc. Cuts Position in Lowe's Companies, Inc. (NYSE:LOW)

Vanguard Group Inc. cut its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 0.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,379,019 shares of the home improvement retailer's stock after selling 17,740 shares during the quarter. Vanguard Group Inc. owned 9.63% of Lowe's Companies worth $13,420,742,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Stevens Capital Management LP acquired a new position in Lowe's Companies in the 4th quarter valued at about $339,000. LPL Financial LLC boosted its stake in shares of Lowe's Companies by 8.1% in the fourth quarter. LPL Financial LLC now owns 879,527 shares of the home improvement retailer's stock valued at $217,067,000 after purchasing an additional 65,910 shares during the period. Blueprint Investment Partners LLC grew its holdings in shares of Lowe's Companies by 20.1% in the fourth quarter. Blueprint Investment Partners LLC now owns 3,440 shares of the home improvement retailer's stock valued at $849,000 after purchasing an additional 576 shares in the last quarter. Somerset Group LLC increased its stake in Lowe's Companies by 2.5% during the 4th quarter. Somerset Group LLC now owns 4,106 shares of the home improvement retailer's stock worth $1,013,000 after buying an additional 100 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new stake in Lowe's Companies during the 4th quarter worth approximately $47,485,000. Hedge funds and other institutional investors own 74.06% of the company's stock.

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Lowe's Companies Stock Down 1.0 %

NYSE:LOW traded down $2.28 during trading hours on Tuesday, reaching $230.61. 2,341,957 shares of the company's stock were exchanged, compared to its average volume of 2,279,546. Lowe's Companies, Inc. has a 1-year low of $211.80 and a 1-year high of $287.01. The firm has a market capitalization of $130.21 billion, a price-to-earnings ratio of 19.23, a P/E/G ratio of 1.96 and a beta of 1.12. The company has a 50-day moving average of $247.67 and a 200 day moving average of $257.80.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.83 by $0.10. The firm had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. Research analysts forecast that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Wednesday, April 23rd. Lowe's Companies's dividend payout ratio (DPR) is presently 37.67%.

Analysts Set New Price Targets

Several equities analysts have commented on LOW shares. Truist Financial dropped their price target on shares of Lowe's Companies from $308.00 to $295.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Mizuho lowered their target price on 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. Sanford C. Bernstein increased their price target on Lowe's Companies from $301.00 to $304.00 and gave the company an "outperform" rating in a research report on Thursday, December 12th. StockNews.com downgraded Lowe's Companies from a "buy" rating to a "hold" rating in a research report on Tuesday, March 11th. Finally, Guggenheim reaffirmed a "buy" rating and issued a $300.00 target price on shares of Lowe's Companies in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $279.71.

Lowe's Companies 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.