First Trust Advisors LP Reduces Holdings in Lowe's Companies, Inc. (NYSE:LOW)

First Trust Advisors LP lessened its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 25.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 271,276 shares of the home improvement retailer's stock after selling 94,119 shares during the quarter. First Trust Advisors LP's holdings in Lowe's Companies were worth $66,951,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of LOW. Klingenstein Fields & Co. LP raised its holdings in Lowe's Companies by 1.0% in the fourth quarter. Klingenstein Fields & Co. LP now owns 4,101 shares of the home improvement retailer's stock worth $1,012,000 after buying an additional 39 shares during the last quarter. Saxony Capital Management LLC raised its holdings in Lowe's Companies by 4.2% in the 4th quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer's stock worth $245,000 after acquiring an additional 40 shares during the last quarter. Powers Advisory Group LLC lifted its position in Lowe's Companies by 2.7% in the 4th quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer's stock valued at $380,000 after acquiring an additional 40 shares in the last quarter. Cordatus Wealth Management LLC boosted its stake in Lowe's Companies by 0.3% during the 4th quarter. Cordatus Wealth Management LLC now owns 15,012 shares of the home improvement retailer's stock valued at $3,705,000 after purchasing an additional 41 shares during the last quarter. Finally, O Brien Greene & Co. Inc increased its holdings in shares of Lowe's Companies by 1.5% in the 4th quarter. O Brien Greene & Co. Inc now owns 2,896 shares of the home improvement retailer's stock worth $715,000 after purchasing an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company's stock.

Analyst Upgrades and Downgrades

LOW has been the topic of several recent analyst reports. Piper Sandler dropped their price objective on Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating on the stock in a research report on Monday, March 24th. BNP Paribas raised shares of Lowe's Companies to a "strong sell" rating in a report on Thursday, February 27th. DA Davidson reissued a "neutral" rating and set a $270.00 price objective on shares of Lowe's Companies in a report on Wednesday, April 16th. Bank of America dropped their target price on shares of Lowe's Companies from $305.00 to $290.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Finally, Truist Financial dropped their price target on Lowe's Companies from $295.00 to $258.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, Lowe's Companies currently has an average rating of "Moderate Buy" and an average target price of $278.21.

Lowe's Companies Trading Up 0.1 %

Shares of NYSE:LOW traded up $0.27 during midday trading on Monday, reaching $221.18. 570,490 shares of the company were exchanged, compared to its average volume of 2,470,086. The stock has a market cap of $123.80 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07. The business's fifty day moving average is $229.29 and its two-hundred day moving average is $250.63. Lowe's Companies, Inc. has a one year low of $206.39 and a one year 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 EPS for the quarter, beating the consensus estimate of $1.83 by $0.10. The business had revenue of $18.55 billion during 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%. As a group, sell-side analysts expect that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date is Wednesday, April 23rd. Lowe's Companies's payout ratio is 37.67%.

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.