NorthRock Partners LLC Has $2.54 Million Stock Holdings in Lowe's Companies, Inc. (NYSE:LOW)

NorthRock Partners LLC grew its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 102.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,308 shares of the home improvement retailer's stock after acquiring an additional 5,212 shares during the quarter. NorthRock Partners LLC's holdings in Lowe's Companies were worth $2,544,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Occudo Quantitative Strategies LP bought a new stake in shares of Lowe's Companies in the 4th quarter worth approximately $5,568,000. OMERS ADMINISTRATION Corp lifted its position in shares of Lowe's Companies by 32.5% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 571,758 shares of the home improvement retailer's stock worth $141,110,000 after acquiring an additional 140,359 shares during the period. Obermeyer Wealth Partners lifted its position in shares of Lowe's Companies by 3.8% during the 4th quarter. Obermeyer Wealth Partners now owns 19,734 shares of the home improvement retailer's stock worth $4,870,000 after buying an additional 716 shares during the period. Measured Risk Portfolios Inc. bought a new position in shares of Lowe's Companies during the 4th quarter worth approximately $42,000. Finally, MJP Associates Inc. ADV lifted its position in shares of Lowe's Companies by 9.8% during the 4th quarter. MJP Associates Inc. ADV now owns 1,073 shares of the home improvement retailer's stock worth $265,000 after buying an additional 96 shares during the period. Institutional investors own 74.06% of the company's stock.

Lowe's Companies Price Performance

Shares of NYSE LOW traded up $1.75 during midday trading on Friday, hitting $234.20. The stock had a trading volume of 1,818,109 shares, compared to its average volume of 2,506,804. The company's 50-day simple moving average is $224.34 and its 200 day simple moving average is $245.93. The firm has a market cap of $131.09 billion, a P/E ratio of 19.53, a price-to-earnings-growth 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.

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, topping 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 business had revenue of $18.55 billion during the quarter, compared to analysts' expectations of $18.29 billion. Equities analysts expect that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were paid 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 1.96%. Lowe's Companies's dividend payout ratio (DPR) is presently 37.67%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on LOW shares. BNP Paribas upgraded Lowe's Companies to a "strong sell" rating in a research report on Thursday, February 27th. KeyCorp upgraded Lowe's Companies from a "sector weight" rating to an "overweight" rating and set a $266.00 target price for the company in a research report on Friday, April 25th. DA Davidson restated a "neutral" rating and set a $270.00 target price on shares of Lowe's Companies in a research report on Wednesday, April 16th. Piper Sandler cut their target price on 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. Finally, StockNews.com upgraded Lowe's Companies from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $277.00.

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.