Lowe's Companies, Inc. (NYSE:LOW) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 6.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,035,630 shares of the home improvement retailer's stock after acquiring an additional 323,371 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.89% of Lowe's Companies worth $1,242,793,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Marshall Investment Management LLC acquired a new stake in Lowe's Companies during the fourth quarter valued at approximately $31,000. Caisse Des Depots ET Consignations bought a new position in shares of Lowe's Companies during the 4th quarter valued at about $33,000. Measured Risk Portfolios Inc. purchased a new position in Lowe's Companies during the 4th quarter worth approximately $42,000. Millstone Evans Group LLC purchased a new stake in Lowe's Companies in the 4th quarter worth about $44,000. Finally, Financial Life Planners purchased a new position in Lowe's Companies during the fourth quarter valued at approximately $45,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LOW has been the topic of several analyst reports. Truist Financial lowered their price target on Lowe's Companies from $295.00 to $258.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Bank of America reduced their target price on Lowe's Companies from $305.00 to $290.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Mizuho dropped their target price on shares of 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. KeyCorp upgraded Lowe's Companies from a "sector weight" rating to an "overweight" rating and set a $266.00 price target on the stock in a report on Friday, April 25th. Finally, Wells Fargo & Company cut their target price on Lowe's Companies from $285.00 to $260.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, Lowe's Companies currently has a consensus rating of "Moderate Buy" and an average price target of $276.17.

Lowe's Companies Price Performance

Lowe's Companies stock opened at $234.44 on Tuesday. Lowe's Companies, Inc. has a 1 year low of $206.39 and a 1 year high of $287.01. The stock has a market cap of $131.22 billion, a price-to-earnings ratio of 19.55, a price-to-earnings-growth ratio of 1.96 and a beta of 1.00. The firm has a 50-day moving average of $224.47 and a two-hundred day moving average of $245.52.

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 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 during the quarter, compared to analysts' expectations of $18.29 billion. Research analysts expect that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were paid a $1.15 dividend. The ex-dividend date was Wednesday, April 23rd. This represents a $4.60 annualized dividend and a dividend yield of 1.96%. 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.

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