California State Teachers Retirement System Cuts Position in Lowe's Companies, Inc. (NYSE:LOW)

California State Teachers Retirement System lessened its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 4.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 883,730 shares of the home improvement retailer's stock after selling 39,306 shares during the period. California State Teachers Retirement System owned approximately 0.16% of Lowe's Companies worth $218,105,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. FMR LLC lifted its stake in Lowe's Companies by 1.0% in the fourth quarter. FMR LLC now owns 26,270,496 shares of the home improvement retailer's stock worth $6,483,558,000 after purchasing an additional 259,766 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Lowe's Companies by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 11,979,337 shares of the home improvement retailer's stock worth $2,952,341,000 after acquiring an additional 245,876 shares during the last quarter. Norges Bank purchased a new position in Lowe's Companies during the 4th quarter valued at $1,842,954,000. Northern Trust Corp lifted its position in shares of Lowe's Companies by 16.3% during the fourth quarter. Northern Trust Corp now owns 7,074,391 shares of the home improvement retailer's stock worth $1,745,960,000 after purchasing an additional 993,833 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Lowe's Companies by 10.2% during the fourth quarter. Bank of New York Mellon Corp now owns 4,186,720 shares of the home improvement retailer's stock valued at $1,033,283,000 after purchasing an additional 385,994 shares during the period. 74.06% of the stock is currently owned by institutional investors.

Lowe's Companies Trading Up 2.2 %

NYSE:LOW traded up $4.86 during trading hours on Friday, hitting $227.18. The company had a trading volume of 2,318,740 shares, compared to its average volume of 2,480,934. The company has a 50-day moving average of $227.73 and a 200 day moving average of $249.48. The company has a market cap of $127.15 billion, a P/E ratio of 18.95, a P/E/G ratio of 1.96 and a beta of 1.07. Lowe's Companies, Inc. has a 1 year low of $206.39 and a 1 year high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its earnings results 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. The company 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 forecast that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lowe's Companies's payout ratio is 37.67%.

Analyst Ratings Changes

Several research firms have commented on LOW. Mizuho reduced their price objective on Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. KeyCorp upgraded shares of Lowe's Companies from a "sector weight" rating to an "overweight" rating and set a $266.00 price target for the company in a report on Friday, April 25th. Telsey Advisory Group reissued an "outperform" rating and set a $305.00 price objective on shares of Lowe's Companies in a report on Tuesday, April 15th. DA Davidson restated a "neutral" rating and set a $270.00 target price on shares of Lowe's Companies in a report on Wednesday, April 16th. Finally, Piper Sandler lowered their price target on shares of Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating on the stock in a report on Monday, March 24th. 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 MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $278.21.

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.