Lowe's Companies, Inc. (NYSE:LOW) Stock Holdings Lowered by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. trimmed its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 2.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 282,445 shares of the home improvement retailer's stock after selling 8,100 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Lowe's Companies were worth $62,858,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Morgan Stanley grew its position in shares of Lowe's Companies by 21.3% in the 4th quarter. Morgan Stanley now owns 11,690,606 shares of the home improvement retailer's stock valued at $2,329,237,000 after buying an additional 2,050,089 shares during the last quarter. Norges Bank purchased a new position in shares of Lowe's Companies in the 4th quarter valued at $1,461,267,000. Northern Trust Corp grew its position in shares of Lowe's Companies by 1.1% in the 3rd quarter. Northern Trust Corp now owns 7,138,824 shares of the home improvement retailer's stock valued at $1,483,733,000 after buying an additional 78,901 shares during the last quarter. Moneta Group Investment Advisors LLC grew its position in shares of Lowe's Companies by 107,710.7% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 5,080,039 shares of the home improvement retailer's stock valued at $1,012,147,000 after buying an additional 5,075,327 shares during the last quarter. Finally, Schroder Investment Management Group grew its position in shares of Lowe's Companies by 189.5% in the 3rd quarter. Schroder Investment Management Group now owns 2,798,268 shares of the home improvement retailer's stock valued at $581,592,000 after buying an additional 1,831,727 shares during the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe's Companies Stock Down 1.4 %

Shares of NYSE LOW traded down $3.39 during midday trading on Friday, hitting $232.05. The company had a trading volume of 2,117,498 shares, compared to its average volume of 2,537,523. Lowe's Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49. The business has a 50-day simple moving average of $238.71 and a two-hundred day simple moving average of $217.93. The firm has a market capitalization of $132.77 billion, a price-to-earnings ratio of 17.63, a price-to-earnings-growth ratio of 1.74 and a beta of 1.13.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.68 by $0.09. The company had revenue of $18.60 billion during the quarter, compared to analysts' expectations of $18.47 billion. Lowe's Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The firm's quarterly revenue was down 17.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.28 earnings per share. On average, equities analysts forecast that Lowe's Companies, Inc. will post 12.21 EPS for the current year.

Lowe's Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lowe's Companies's payout ratio is currently 33.43%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Truist Financial increased their target price on shares of Lowe's Companies from $258.00 to $271.00 and gave the company a "buy" rating in a research report on Tuesday, April 2nd. Mizuho assumed coverage on shares of Lowe's Companies in a research report on Tuesday, March 19th. They set a "buy" rating and a $280.00 price objective on the stock. Royal Bank of Canada raised their price objective on shares of Lowe's Companies from $190.00 to $246.00 and gave the stock a "sector perform" rating in a research report on Wednesday, February 28th. Robert W. Baird raised shares of Lowe's Companies from an "average" rating to an "outperform" rating and set a $250.00 price objective on the stock in a research report on Wednesday, February 14th. Finally, Telsey Advisory Group reissued a "market perform" rating and set a $230.00 price objective on shares of Lowe's Companies in a research report on Wednesday, March 27th. Fifteen research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $252.33.

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.