Whittier Trust Co. of Nevada Inc. Boosts Position in Lowe's Companies, Inc. (NYSE:LOW)

Whittier Trust Co. of Nevada Inc. grew its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 5.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,169 shares of the home improvement retailer's stock after acquiring an additional 1,613 shares during the quarter. Whittier Trust Co. of Nevada Inc.'s holdings in Lowe's Companies were worth $8,186,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in LOW. FMR LLC grew its holdings in shares of Lowe's Companies by 10.2% during the third quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer's stock worth $7,045,006,000 after buying an additional 2,399,897 shares in the last quarter. State Street Corp grew its stake in Lowe's Companies by 1.9% during the 3rd quarter. State Street Corp now owns 25,013,655 shares of the home improvement retailer's stock valued at $6,774,948,000 after acquiring an additional 460,851 shares in the last quarter. Geode Capital Management LLC raised its holdings in Lowe's Companies by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 11,733,461 shares of the home improvement retailer's stock valued at $3,169,041,000 after acquiring an additional 187,473 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Lowe's Companies by 10.2% in the 4th quarter. Bank of New York Mellon Corp now owns 4,186,720 shares of the home improvement retailer's stock valued at $1,033,283,000 after acquiring an additional 385,994 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Lowe's Companies by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,459,064 shares of the home improvement retailer's stock valued at $853,697,000 after purchasing an additional 90,012 shares in the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on LOW shares. Telsey Advisory Group reiterated an "outperform" rating and set a $305.00 price objective on shares of Lowe's Companies in a research report on Wednesday, February 26th. Sanford C. Bernstein lifted their price target on Lowe's Companies from $301.00 to $304.00 and gave the stock an "outperform" rating in a report on Thursday, December 12th. Wedbush reissued a "neutral" rating and set a $250.00 price target on shares of Lowe's Companies in a research report on Thursday, December 12th. Truist Financial reduced their target price on shares of 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. Finally, BNP Paribas raised shares of Lowe's Companies to a "strong sell" rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $279.71.

Lowe's Companies Stock Performance

Shares of NYSE:LOW traded down $2.28 during trading on Tuesday, hitting $230.61. The company's stock had a trading volume of 2,476,794 shares, compared to its average volume of 2,279,546. Lowe's Companies, Inc. has a fifty-two week low of $211.80 and a fifty-two week high of $287.01. The business has a 50 day moving average price of $247.67 and a two-hundred day moving average price of $257.80. The company has a market capitalization of $130.21 billion, a PE ratio of 19.23, a P/E/G ratio of 1.96 and a beta of 1.12.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, topping the consensus estimate 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%. As a group, equities analysts expect that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders 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 yield of 1.99%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lowe's Companies's dividend payout ratio (DPR) is presently 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.