2,013 Shares in Lowe's Companies, Inc. (NYSE:LOW) Bought by Members Wealth LLC

Members Wealth LLC purchased a new stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,013 shares of the home improvement retailer's stock, valued at approximately $504,000.

A number of other hedge funds also recently made changes to their positions in LOW. FMR LLC raised its holdings in Lowe's Companies by 1.0% during the fourth quarter. FMR LLC now owns 26,270,496 shares of the home improvement retailer's stock worth $6,483,558,000 after purchasing an additional 259,766 shares in the last quarter. Geode Capital Management LLC raised its holdings in Lowe's Companies by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 11,979,337 shares of the home improvement retailer's stock worth $2,952,341,000 after purchasing an additional 245,876 shares in the last quarter. Norges Bank bought a new stake in Lowe's Companies during the fourth quarter worth approximately $1,842,954,000. Northern Trust Corp raised its holdings in Lowe's Companies by 16.3% during the fourth quarter. Northern Trust Corp now owns 7,074,391 shares of the home improvement retailer's stock worth $1,745,960,000 after purchasing an additional 993,833 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Lowe's Companies by 6.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,035,630 shares of the home improvement retailer's stock worth $1,242,793,000 after purchasing an additional 323,371 shares in the last quarter. Institutional investors own 74.06% of the company's stock.

Analyst Upgrades and Downgrades

LOW has been the topic of several recent analyst reports. Truist Financial set a $264.00 target price on Lowe's Companies and gave the stock a "buy" rating in a report on Thursday, May 22nd. Royal Bank of Canada dropped their price target on Lowe's Companies from $244.00 to $242.00 and set a "sector perform" rating on the stock in a report on Thursday, May 22nd. Bank of America dropped their price target 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. Robert W. Baird dropped their price target on Lowe's Companies from $295.00 to $285.00 and set an "outperform" rating on the stock in a report on Thursday, May 22nd. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $305.00 price target on shares of Lowe's Companies in a report on Wednesday, May 21st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, Lowe's Companies has an average rating of "Moderate Buy" and a consensus price target of $271.12.

Lowe's Companies Stock Up 0.3%

Shares of Lowe's Companies stock traded up $0.64 on Friday, hitting $225.57. 4,127,230 shares of the company traded hands, compared to its average volume of 2,513,115. The company has a 50-day moving average price of $224.20 and a 200 day moving average price of $242.76. Lowe's Companies, Inc. has a 12-month low of $206.39 and a 12-month high of $287.01. The company has a market cap of $126.25 billion, a PE ratio of 18.81, a PEG ratio of 1.96 and a beta of 1.00.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 EPS for the quarter, beating the consensus estimate of $2.88 by $0.04. The business had revenue of $20.93 billion for the quarter, compared to analysts' expectations of $21.09 billion. Lowe's Companies had a net margin of 8.19% and a negative return on equity of 47.55%. Lowe's Companies's revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $3.06 EPS. Equities research analysts anticipate that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd will be issued a $1.20 dividend. This is a boost from Lowe's Companies's previous quarterly dividend of $1.15. This represents a $4.80 dividend on an annualized basis and a yield of 2.13%. Lowe's Companies's dividend payout ratio is currently 39.77%.

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.