Cercano Management LLC Has $7.85 Million Stock Holdings in Lowe's Companies, Inc. (NYSE:LOW)

Cercano Management LLC reduced its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 36.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,821 shares of the home improvement retailer's stock after selling 18,275 shares during the quarter. Cercano Management LLC's holdings in Lowe's Companies were worth $7,853,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Principal Financial Group Inc. grew its stake in shares of 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 buying an additional 24,812 shares in the last quarter. Pensionfund Sabic increased its stake in shares of Lowe's Companies by 45.5% during the 4th quarter. Pensionfund Sabic now owns 9,600 shares of the home improvement retailer's stock worth $2,369,000 after purchasing an additional 3,000 shares during the last quarter. CWA Asset Management Group LLC increased its stake in shares of Lowe's Companies by 2.3% during the 4th quarter. CWA Asset Management Group LLC now owns 13,228 shares of the home improvement retailer's stock worth $3,265,000 after purchasing an additional 301 shares during the last quarter. Capital Market Strategies LLC raised its holdings in shares of Lowe's Companies by 5.9% in the 4th quarter. Capital Market Strategies LLC now owns 2,785 shares of the home improvement retailer's stock valued at $687,000 after purchasing an additional 156 shares during the period. Finally, Advance Capital Management Inc. acquired a new stake in Lowe's Companies in the 4th quarter valued at about $215,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe's Companies Trading Down 1.0 %

NYSE:LOW traded down $2.31 on Friday, hitting $222.17. The company had a trading volume of 2,053,748 shares, compared to its average volume of 2,494,708. The firm has a 50 day moving average of $225.26 and a two-hundred day moving average of $247.19. The stock has a market capitalization of $124.35 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 1.96 and a beta of 1.00. Lowe's Companies, Inc. has a 52 week low of $206.39 and a 52 week high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion. As a group, equities analysts forecast that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were given a dividend of $1.15 per share. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $4.60 annualized dividend and a yield of 2.07%. Lowe's Companies's dividend payout ratio is presently 37.67%.

Analyst Ratings Changes

Several analysts have issued reports on the company. StockNews.com upgraded Lowe's Companies from a "hold" rating to a "buy" rating in a research note on Tuesday, April 15th. BNP Paribas raised Lowe's Companies to a "strong sell" rating in a report on Thursday, February 27th. Telsey Advisory Group reiterated an "outperform" rating and issued a $305.00 price objective on shares of Lowe's Companies in a report on Tuesday, April 15th. Piper Sandler cut 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 note on Monday, March 24th. Finally, Bank of America reduced their target price on shares of Lowe's Companies from $305.00 to $290.00 and set a "buy" rating for the company in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, Lowe's Companies has an average rating of "Moderate Buy" and an average target price of $278.04.

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.