Focus Partners Wealth Buys 17,329 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Focus Partners Wealth increased its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 7.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 263,811 shares of the home improvement retailer's stock after purchasing an additional 17,329 shares during the quarter. Focus Partners Wealth's holdings in Lowe's Companies were worth $65,429,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. IFS Advisors LLC purchased a new position in Lowe's Companies during the fourth quarter valued at approximately $25,000. Marshall Investment Management LLC purchased a new position in Lowe's Companies during the fourth quarter valued at approximately $31,000. Winch Advisory Services LLC grew its position in Lowe's Companies by 56.4% during the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock valued at $30,000 after purchasing an additional 44 shares in the last quarter. Caisse Des Depots ET Consignations purchased a new position in Lowe's Companies during the fourth quarter valued at approximately $33,000. Finally, Millstone Evans Group LLC purchased a new position in Lowe's Companies during the fourth quarter valued at approximately $44,000. 74.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on LOW shares. Piper Sandler decreased 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 research report on Monday, March 24th. StockNews.com raised shares of Lowe's Companies from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. Wells Fargo & Company decreased their target price on shares of Lowe's Companies from $285.00 to $260.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Morgan Stanley reduced their price objective 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. Finally, DA Davidson restated a "neutral" rating and issued a $270.00 price objective 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. According to data from MarketBeat.com, Lowe's Companies presently has a consensus rating of "Moderate Buy" and an average price target of $277.00.

Lowe's Companies Stock Down 1.2%

Shares of Lowe's Companies stock traded down $2.66 on Wednesday, hitting $228.11. The stock had a trading volume of 2,290,937 shares, compared to its average volume of 2,505,377. Lowe's Companies, Inc. has a twelve month low of $206.39 and a twelve month high of $287.01. The business's 50 day moving average is $224.80 and its two-hundred day moving average is $246.50. The stock has a market cap of $127.67 billion, a price-to-earnings ratio of 19.03, a price-to-earnings-growth ratio of 1.96 and a beta of 1.00.

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, topping analysts' consensus estimates of $1.83 by $0.10. The business had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. As a group, equities analysts predict that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date was Wednesday, April 23rd. Lowe's Companies's payout ratio is 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.