Revisor Wealth Management LLC Has $299,000 Position in Lowe's Companies, Inc. (NYSE:LOW)

Revisor Wealth Management LLC lessened its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 56.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,209 shares of the home improvement retailer's stock after selling 1,538 shares during the period. Revisor Wealth Management LLC's holdings in Lowe's Companies were worth $299,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in LOW. FMR LLC increased its stake in shares of Lowe's Companies by 1.0% in the fourth quarter. FMR LLC now owns 26,270,496 shares of the home improvement retailer's stock valued at $6,483,558,000 after buying an additional 259,766 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Lowe's Companies by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 11,979,337 shares of the home improvement retailer's stock valued at $2,952,341,000 after purchasing an additional 245,876 shares during the last quarter. Norges Bank bought a new position in Lowe's Companies in the fourth quarter valued at approximately $1,842,954,000. Northern Trust Corp grew its stake in shares of 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 during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Lowe's Companies by 6.9% during the 4th 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 acquiring an additional 323,371 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company's stock.

Analyst Upgrades and Downgrades

LOW has been the subject of a number of research analyst reports. Sanford C. Bernstein set a $266.00 target price on Lowe's Companies and gave the company an "outperform" rating in a research note on Thursday, May 22nd. 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 report on Friday, April 25th. Citigroup reissued a "neutral" rating and set a $253.00 price objective (down previously from $269.00) on shares of Lowe's Companies in a research report on Wednesday, May 14th. Piper Sandler cut their price objective on shares of Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating on the stock in a research report on Monday, March 24th. Finally, Morgan Stanley reduced their target price on shares of Lowe's Companies from $300.00 to $255.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $271.12.

Lowe's Companies Trading Up 2.1%

Shares of NYSE:LOW traded up $4.61 during trading on Tuesday, hitting $225.68. 3,417,825 shares of the company were exchanged, compared to its average volume of 2,517,974. The stock has a market cap of $126.31 billion, a price-to-earnings ratio of 18.82, a P/E/G ratio of 1.96 and a beta of 1.00. Lowe's Companies, Inc. has a fifty-two week low of $206.39 and a fifty-two week high of $287.01. The firm has a fifty day moving average price of $224.52 and a two-hundred day moving average price of $244.06.

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

Lowe's Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Investors 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 yield of 2.04%. Lowe's Companies's dividend payout ratio (DPR) is currently 38.11%.

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.