Temasek Holdings Private Ltd Has $16.48 Million Stake in Lowe's Companies, Inc. (NYSE:LOW)

Temasek Holdings Private Ltd cut its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 21.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 66,780 shares of the home improvement retailer's stock after selling 18,700 shares during the quarter. Temasek Holdings Private Ltd's holdings in Lowe's Companies were worth $16,481,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on LOW. StockNews.com upgraded Lowe's Companies from a "hold" rating to a "buy" rating in a research note on Tuesday, April 15th. Telsey Advisory Group reiterated an "outperform" rating and set a $305.00 price objective on shares of Lowe's Companies in a research note on Tuesday, April 15th. Citigroup reissued a "neutral" rating and issued a $253.00 target price (down previously from $269.00) on shares of Lowe's Companies in a research report on Wednesday, May 14th. Wells Fargo & Company reduced their price target on shares of Lowe's Companies from $285.00 to $260.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. Finally, Bank of America decreased their price target on Lowe's Companies from $305.00 to $290.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $276.17.

Lowe's Companies Stock Performance

Shares of NYSE:LOW traded down $3.57 during trading on Tuesday, reaching $230.86. The company had a trading volume of 3,456,128 shares, compared to its average volume of 2,515,576. The firm's fifty day moving average is $224.64 and its 200 day moving average is $245.42. The firm has a market capitalization of $129.21 billion, a PE ratio of 19.25, a price-to-earnings-growth ratio of 1.96 and a beta of 1.00. Lowe's Companies, Inc. has a twelve month low of $206.39 and a twelve month high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.83 by $0.10. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The firm had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.29 billion. Equities analysts predict that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were given a dividend of $1.15 per share. The ex-dividend date was Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.99%. 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.