Lowe's Companies, Inc. (NYSE:LOW) Shares Acquired by Colonial Trust Co SC

Colonial Trust Co SC increased its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 61.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,261 shares of the home improvement retailer's stock after purchasing an additional 7,319 shares during the quarter. Colonial Trust Co SC's holdings in Lowe's Companies were worth $4,754,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in Lowe's Companies by 4.0% in the third quarter. Principal Financial Group Inc. now owns 649,601 shares of the home improvement retailer's stock valued at $175,944,000 after purchasing an additional 24,812 shares during the period. CWA Asset Management Group LLC increased its stake in Lowe's Companies by 2.3% in the fourth quarter. CWA Asset Management Group LLC now owns 13,228 shares of the home improvement retailer's stock valued at $3,265,000 after purchasing an additional 301 shares during the period. Diversified Trust Co raised its stake in Lowe's Companies by 12.8% during the 4th quarter. Diversified Trust Co now owns 44,392 shares of the home improvement retailer's stock valued at $10,956,000 after acquiring an additional 5,021 shares during the last quarter. Strathmore Capital Advisors Inc. acquired a new stake in shares of Lowe's Companies during the fourth quarter worth $2,863,000. Finally, Norway Savings Bank boosted its holdings in shares of Lowe's Companies by 1.8% in the fourth quarter. Norway Savings Bank now owns 8,874 shares of the home improvement retailer's stock valued at $2,190,000 after acquiring an additional 161 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Royal Bank of Canada lowered their price target on shares of Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating on the stock in a research note on Thursday, February 27th. BNP Paribas raised Lowe's Companies to a "strong sell" rating in a research report on Thursday, February 27th. Mizuho decreased 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. Truist Financial decreased their target price on Lowe's Companies from $295.00 to $258.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. 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, nine have issued a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $277.92.

Lowe's Companies Trading Down 1.0 %

NYSE:LOW opened at $222.98 on Wednesday. Lowe's Companies, Inc. has a 12 month low of $206.39 and a 12 month high of $287.01. The stock has a market cap of $124.80 billion, a price-to-earnings ratio of 18.60, a P/E/G ratio of 1.96 and a beta of 1.00. The company has a 50-day moving average price of $226.53 and a 200-day moving average price of $248.06.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping 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%. Equities analysts forecast that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lowe's Companies's dividend payout ratio (DPR) is currently 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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