Bokf Na Increases Stock Position in Lowe's Companies, Inc. (NYSE:LOW)

BOKF NA grew its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 3.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 30,575 shares of the home improvement retailer's stock after acquiring an additional 1,123 shares during the period. BOKF NA's holdings in Lowe's Companies were worth $7,580,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of LOW. Principal Financial Group Inc. lifted its position in shares of Lowe's Companies by 4.0% during the 3rd quarter. Principal Financial Group Inc. now owns 649,601 shares of the home improvement retailer's stock valued at $175,944,000 after acquiring an additional 24,812 shares during the period. CWA Asset Management Group LLC boosted its holdings in shares of Lowe's Companies by 2.3% in the fourth quarter. CWA Asset Management Group LLC now owns 13,228 shares of the home improvement retailer's stock worth $3,265,000 after acquiring an additional 301 shares during the period. Diversified Trust Co grew its position in shares of Lowe's Companies by 12.8% during the 4th quarter. Diversified Trust Co now owns 44,392 shares of the home improvement retailer's stock valued at $10,956,000 after purchasing an additional 5,021 shares in the last quarter. Strathmore Capital Advisors Inc. bought a new stake in Lowe's Companies during the fourth quarter worth about $2,863,000. Finally, Norway Savings Bank grew its holdings in shares of Lowe's Companies by 1.8% during the 4th quarter. Norway Savings Bank now owns 8,874 shares of the home improvement retailer's stock valued at $2,190,000 after purchasing an additional 161 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company's stock.

Lowe's Companies Trading Up 3.7%

LOW stock traded up $8.32 during midday trading on Monday, reaching $230.58. 818,562 shares of the company's stock traded hands, compared to its average volume of 2,492,977. Lowe's Companies, Inc. has a 52-week low of $206.39 and a 52-week high of $287.01. The stock has a market cap of $129.06 billion, a P/E ratio of 19.22, a PEG ratio of 1.96 and a beta of 1.00. The stock's 50-day moving average is $225.26 and its 200 day moving average is $246.86.

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

Lowe's Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend was Wednesday, April 23rd. Lowe's Companies's dividend payout ratio (DPR) is 37.67%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on LOW shares. Truist Financial lowered their target price on Lowe's Companies from $295.00 to $258.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Telsey Advisory Group restated an "outperform" rating and set a $305.00 price target on shares of Lowe's Companies in a report on Tuesday, April 15th. Morgan Stanley dropped their price objective on Lowe's Companies from $300.00 to $255.00 and set an "overweight" rating for the company in a report on Monday, May 5th. DA Davidson reiterated a "neutral" rating and issued a $270.00 price objective on shares of Lowe's Companies in a research report on Wednesday, April 16th. Finally, Mizuho dropped their price target 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. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $278.04.

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.