Natixis Invests $12.76 Million in Lowe's Companies, Inc. (NYSE:LOW)

Natixis bought a new stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 51,696 shares of the home improvement retailer's stock, valued at approximately $12,759,000.

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

Analyst Upgrades and Downgrades

LOW has been the topic of several research reports. Bank of America lowered their price objective on shares of Lowe's Companies from $305.00 to $290.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. StockNews.com raised Lowe's Companies from a "hold" rating to a "buy" rating in a research note on Tuesday, April 15th. DA Davidson reiterated a "neutral" rating and set a $270.00 price objective on shares of Lowe's Companies in a research report on Wednesday, April 16th. Telsey Advisory Group restated an "outperform" rating and issued a $305.00 target price on shares of Lowe's Companies in a research report on Tuesday, April 15th. Finally, Truist Financial reduced their price target on shares of Lowe's Companies from $295.00 to $258.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat, Lowe's Companies has a consensus rating of "Moderate Buy" and an average price target of $278.74.

Lowe's Companies Trading Up 2.2 %

NYSE:LOW traded up $4.83 on Thursday, reaching $222.59. 970,115 shares of the stock traded hands, compared to its average volume of 2,468,816. The company's fifty day simple moving average is $230.48 and its 200 day simple moving average is $251.65. The company has a market capitalization of $124.58 billion, a price-to-earnings ratio of 18.56, a PEG ratio of 1.96 and a beta of 1.07. Lowe's Companies, Inc. has a 12 month low of $206.39 and a 12 month 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, beating the consensus estimate of $1.83 by $0.10. The business had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. Equities analysts anticipate that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lowe's Companies's dividend payout ratio (DPR) is presently 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.