Investor s Fiduciary Advisor Network LLC Invests $865,000 in Lowe's Companies, Inc. (NYSE:LOW)

Investor s Fiduciary Advisor Network LLC acquired a new position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 3,505 shares of the home improvement retailer's stock, valued at approximately $865,000.

A number of other large investors have also recently made changes to their positions in LOW. Norges Bank purchased a new position in Lowe's Companies during the 4th quarter valued at $1,842,954,000. Kovitz Investment Group Partners LLC increased its position in shares of Lowe's Companies by 350.2% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 2,373,460 shares of the home improvement retailer's stock valued at $585,770,000 after buying an additional 1,846,315 shares during the period. Raymond James Financial Inc. bought a new position in Lowe's Companies in the fourth quarter worth about $314,435,000. Strategic Financial Concepts LLC lifted its holdings in Lowe's Companies by 24,531.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 1,228,102 shares of the home improvement retailer's stock worth $303,096,000 after buying an additional 1,223,116 shares during the period. Finally, Northern Trust Corp boosted its position in Lowe's Companies by 16.3% during the 4th quarter. Northern Trust Corp now owns 7,074,391 shares of the home improvement retailer's stock valued at $1,745,960,000 after acquiring an additional 993,833 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors.

Lowe's Companies Trading Down 1.0 %

Lowe's Companies stock opened at $222.17 on Friday. Lowe's Companies, Inc. has a 12-month low of $206.39 and a 12-month high of $287.01. The firm has a market capitalization of $124.35 billion, a price-to-earnings ratio of 18.53, a P/E/G ratio of 1.96 and a beta of 1.00. The firm has a 50 day moving average of $225.26 and a 200 day moving average of $247.03.

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

Lowe's Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were paid a $1.15 dividend. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $4.60 annualized dividend and a yield of 2.07%. Lowe's Companies's payout ratio is 37.67%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Telsey Advisory Group restated an "outperform" rating and set a $305.00 price target on shares of Lowe's Companies in a research report on Tuesday, April 15th. StockNews.com raised shares of Lowe's Companies from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. Morgan Stanley dropped their price objective 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, May 5th. Piper Sandler lowered 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. Finally, DA Davidson restated a "neutral" rating and issued a $270.00 price target on shares of Lowe's Companies in a research note on Wednesday, April 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $278.04.

About Lowe's Companies

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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