Lowe's Companies, Inc. (NYSE:LOW) Shares Bought by Northern Trust Corp

Northern Trust Corp boosted its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 16.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,074,391 shares of the home improvement retailer's stock after acquiring an additional 993,833 shares during the period. Northern Trust Corp owned 1.25% of Lowe's Companies worth $1,745,960,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Principal Financial Group Inc. increased its holdings 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 worth $175,944,000 after purchasing an additional 24,812 shares during the last quarter. Miracle Mile Advisors LLC grew its holdings in Lowe's Companies by 288.6% during the 4th quarter. Miracle Mile Advisors LLC now owns 19,028 shares of the home improvement retailer's stock valued at $4,696,000 after buying an additional 14,132 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Lowe's Companies by 1.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 362,209 shares of the home improvement retailer's stock worth $98,104,000 after acquiring an additional 4,435 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its holdings in shares of Lowe's Companies by 2.6% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 19,830 shares of the home improvement retailer's stock worth $4,894,000 after acquiring an additional 501 shares in the last quarter. Finally, World Investment Advisors boosted its position in shares of Lowe's Companies by 11.0% during the 4th quarter. World Investment Advisors now owns 26,329 shares of the home improvement retailer's stock valued at $6,498,000 after acquiring an additional 2,615 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LOW has been the topic of several research reports. Telsey Advisory Group restated an "outperform" rating and issued a $305.00 price target on shares of Lowe's Companies in a research report on Tuesday, April 15th. StockNews.com upgraded shares of Lowe's Companies from a "hold" rating to a "buy" rating in a report on Tuesday, April 15th. Truist Financial lowered their price target on shares of Lowe's Companies from $295.00 to $258.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Bank of America reduced their price objective on Lowe's Companies from $305.00 to $290.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. Finally, Piper Sandler decreased 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. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat, Lowe's Companies has an average rating of "Moderate Buy" and an average target price of $278.21.

Lowe's Companies Price Performance

NYSE:LOW traded up $4.86 during trading hours on Friday, hitting $227.18. 2,318,741 shares of the company were exchanged, compared to its average volume of 2,484,168. Lowe's Companies, Inc. has a 52-week low of $206.39 and a 52-week high of $287.01. The stock has a market capitalization of $127.15 billion, a price-to-earnings ratio of 18.95, a PEG ratio of 1.96 and a beta of 1.07. The company's 50 day moving average price is $227.43 and its 200-day moving average price is $249.10.

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 earnings per share for the quarter, beating analysts' consensus estimates of $1.83 by $0.10. The firm had revenue of $18.55 billion for the quarter, compared to analyst estimates 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, equities analysts predict that Lowe's Companies, Inc. will post 11.9 earnings per share 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. Stockholders of record on Wednesday, April 23rd will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Wednesday, April 23rd. Lowe's Companies's payout ratio is 37.67%.

About Lowe's Companies

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.