AlTi Global Inc. Trims Stake in Lowe's Companies, Inc. (NYSE:LOW)

AlTi Global Inc. lowered its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 24.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,529 shares of the home improvement retailer's stock after selling 3,946 shares during the period. AlTi Global Inc.'s holdings in Lowe's Companies were worth $3,093,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in LOW. Klingenstein Fields & Co. LP increased its stake in shares of Lowe's Companies by 1.0% during the fourth quarter. Klingenstein Fields & Co. LP now owns 4,101 shares of the home improvement retailer's stock valued at $1,012,000 after purchasing an additional 39 shares in the last quarter. Saxony Capital Management LLC raised its stake in Lowe's Companies by 4.2% during the fourth quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer's stock valued at $245,000 after buying an additional 40 shares during the last quarter. Powers Advisory Group LLC increased its position in shares of Lowe's Companies by 2.7% during the fourth quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer's stock valued at $380,000 after acquiring an additional 40 shares in the last quarter. Cordatus Wealth Management LLC raised its holdings in Lowe's Companies by 0.3% in the 4th quarter. Cordatus Wealth Management LLC now owns 15,012 shares of the home improvement retailer's stock worth $3,705,000 after acquiring an additional 41 shares during the last quarter. Finally, O Brien Greene & Co. Inc boosted its stake in Lowe's Companies by 1.5% during the 4th quarter. O Brien Greene & Co. Inc now owns 2,896 shares of the home improvement retailer's stock valued at $715,000 after purchasing an additional 42 shares during the last quarter. Institutional investors own 74.06% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on LOW shares. Morgan Stanley decreased their price target on Lowe's Companies from $300.00 to $255.00 and set an "overweight" rating for the company in a research note on Monday. BNP Paribas raised shares of Lowe's Companies to a "strong sell" rating in a report on Thursday, February 27th. Bank of America cut their price target on Lowe's Companies from $305.00 to $290.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. StockNews.com raised shares of Lowe's Companies from a "hold" rating to a "buy" rating in a report on Tuesday, April 15th. Finally, Royal Bank of Canada reduced their price objective on shares of Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating for the company in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $277.92.

Lowe's Companies Stock Performance

LOW stock traded down $2.21 during mid-day trading on Tuesday, reaching $222.98. 2,175,406 shares of the stock traded hands, compared to its average volume of 2,486,189. The business has a 50-day moving average price of $226.99 and a two-hundred day moving average price of $248.24. The stock has a market capitalization of $124.80 billion, a PE ratio of 18.60, a PEG ratio of 1.96 and a beta of 1.00. Lowe's Companies, Inc. has a one year low of $206.39 and a one 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 the consensus estimate 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 during the quarter, compared to analyst estimates of $18.29 billion. On average, equities 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 announced a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be given a dividend of $1.15 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a dividend yield of 2.06%. Lowe's Companies's dividend payout ratio (DPR) is 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.