Brown Advisory Inc. Sells 49,553 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Brown Advisory Inc. trimmed its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 6.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 684,626 shares of the home improvement retailer's stock after selling 49,553 shares during the period. Brown Advisory Inc. owned about 0.12% of Lowe's Companies worth $168,966,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in LOW. Klingenstein Fields & Co. LP increased its holdings in 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 buying an additional 39 shares during the last quarter. Saxony Capital Management LLC increased its stake in shares of Lowe's Companies by 4.2% in the 4th quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer's stock worth $245,000 after purchasing an additional 40 shares in the last quarter. Powers Advisory Group LLC raised its holdings in Lowe's Companies by 2.7% in the 4th quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer's stock worth $380,000 after purchasing an additional 40 shares during the period. Cordatus Wealth Management LLC lifted its position in Lowe's Companies by 0.3% during the fourth quarter. Cordatus Wealth Management LLC now owns 15,012 shares of the home improvement retailer's stock valued at $3,705,000 after purchasing an additional 41 shares in the last quarter. Finally, O Brien Greene & Co. Inc lifted its position in Lowe's Companies by 1.5% during the fourth 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 in the last quarter. 74.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. StockNews.com upgraded Lowe's Companies from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. Morgan Stanley decreased their target price on shares of Lowe's Companies from $300.00 to $255.00 and set an "overweight" rating on the stock in a research note on Monday. KeyCorp upgraded shares of Lowe's Companies from a "sector weight" rating to an "overweight" rating and set a $266.00 price target for the company in a research report on Friday, April 25th. Truist Financial decreased their price objective on shares of Lowe's Companies from $295.00 to $258.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, Piper Sandler dropped their target price on shares of Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating for the company in a report on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $277.92.

Lowe's Companies Price Performance

Shares of LOW traded up $0.66 during midday trading on Wednesday, hitting $223.67. The stock had a trading volume of 2,924,047 shares, compared to its average volume of 2,490,234. The stock's 50 day moving average is $226.53 and its 200 day moving average is $248.06. The firm has a market cap of $125.19 billion, a PE ratio of 18.65, a price-to-earnings-growth ratio of 1.96 and a beta of 1.00. Lowe's Companies, Inc. has a 1 year low of $206.39 and a 1 year high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, topping analysts' consensus estimates of $1.83 by $0.10. Lowe's Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The company had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. As a group, equities research 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 firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be given a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 2.06%. The ex-dividend date is Wednesday, April 23rd. Lowe's Companies's dividend payout ratio (DPR) is presently 37.67%.

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.