OMERS ADMINISTRATION Corp Grows Position in Lowe's Companies, Inc. (NYSE:LOW)

OMERS ADMINISTRATION Corp increased its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 32.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 571,758 shares of the home improvement retailer's stock after acquiring an additional 140,359 shares during the quarter. Lowe's Companies comprises 1.2% of OMERS ADMINISTRATION Corp's investment portfolio, making the stock its 25th biggest position. OMERS ADMINISTRATION Corp owned about 0.10% of Lowe's Companies worth $141,110,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. IFS Advisors LLC purchased a new position in shares of Lowe's Companies during the 4th quarter worth $25,000. Marshall Investment Management LLC purchased a new position in Lowe's Companies in the fourth quarter valued at $31,000. Winch Advisory Services LLC boosted its stake in shares of Lowe's Companies by 56.4% in the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock valued at $30,000 after buying an additional 44 shares during the period. Caisse Des Depots ET Consignations purchased a new stake in shares of Lowe's Companies in the 4th quarter valued at approximately $33,000. Finally, Measured Risk Portfolios Inc. acquired a new stake in Lowe's Companies in the fourth quarter valued at $42,000. Hedge funds and other institutional investors own 74.06% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LOW. Mizuho lowered 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 report on Thursday, February 27th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $305.00 price objective on shares of Lowe's Companies in a report on Tuesday, April 15th. JPMorgan Chase & Co. cut their target price on Lowe's Companies from $300.00 to $263.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. 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, Royal Bank of Canada lowered their target price on shares of Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating on the stock in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, Lowe's Companies has an average rating of "Moderate Buy" and a consensus price target of $277.00.

Lowe's Companies Stock Performance

Lowe's Companies stock traded up $1.75 during midday trading on Friday, reaching $234.20. The company's stock had a trading volume of 1,818,109 shares, compared to its average volume of 2,506,804. The firm has a market capitalization of $131.09 billion, a PE ratio of 19.53, 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 stock's 50 day simple moving average is $224.31 and its 200 day simple moving average is $246.13.

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. Lowe's Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The firm had revenue of $18.55 billion during the quarter, compared to analysts' expectations of $18.29 billion. Equities analysts predict that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were issued a dividend of $1.15 per share. The ex-dividend date was Wednesday, April 23rd. This represents a $4.60 annualized dividend and a yield of 1.96%. 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.