Cary Street Partners Investment Advisory LLC Decreases Holdings in Lowe's Companies, Inc. (NYSE:LOW)

Cary Street Partners Investment Advisory LLC lessened its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 84.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,914 shares of the home improvement retailer's stock after selling 37,618 shares during the period. Cary Street Partners Investment Advisory LLC's holdings in Lowe's Companies were worth $1,539,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in LOW. Harbour Trust & Investment Management Co acquired a new stake in shares of Lowe's Companies in the fourth quarter valued at approximately $5,890,000. Syon Capital LLC increased its holdings in shares of Lowe's Companies by 23.3% in the fourth quarter. Syon Capital LLC now owns 7,129 shares of the home improvement retailer's stock valued at $1,587,000 after purchasing an additional 1,345 shares in the last quarter. Biondo Investment Advisors LLC increased its holdings in shares of Lowe's Companies by 1.0% in the third quarter. Biondo Investment Advisors LLC now owns 60,958 shares of the home improvement retailer's stock valued at $12,669,000 after purchasing an additional 620 shares in the last quarter. Perigon Wealth Management LLC increased its holdings in shares of Lowe's Companies by 18.6% in the fourth quarter. Perigon Wealth Management LLC now owns 3,724 shares of the home improvement retailer's stock valued at $829,000 after purchasing an additional 584 shares in the last quarter. Finally, Legacy CG LLC increased its holdings in shares of Lowe's Companies by 25.0% in the fourth quarter. Legacy CG LLC now owns 22,948 shares of the home improvement retailer's stock valued at $5,107,000 after purchasing an additional 4,583 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on LOW shares. Mizuho started coverage on shares of Lowe's Companies in a research note on Tuesday, March 19th. They issued a "buy" rating and a $280.00 price objective on the stock. Piper Sandler lifted their price target on shares of Lowe's Companies from $218.00 to $245.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 16th. Morgan Stanley lifted their price target on shares of Lowe's Companies from $240.00 to $250.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 28th. Zelman & Associates reissued a "neutral" rating and set a $265.00 price target on shares of Lowe's Companies in a research report on Tuesday, April 2nd. Finally, StockNews.com cut shares of Lowe's Companies from a "buy" rating to a "hold" rating in a research report on Wednesday, February 28th. Fifteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $252.52.

Lowe's Companies Trading Down 1.3 %

Shares of Lowe's Companies stock traded down $3.02 during trading on Tuesday, hitting $227.92. 2,435,258 shares of the stock were exchanged, compared to its average volume of 2,494,747. The stock has a market capitalization of $130.41 billion, a price-to-earnings ratio of 17.55, a price-to-earnings-growth ratio of 1.70 and a beta of 1.13. The company has a fifty day moving average price of $240.06 and a 200-day moving average price of $220.18. Lowe's Companies, Inc. has a 1-year low of $181.85 and a 1-year high of $262.49.

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

Lowe's Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $4.40 annualized dividend and a dividend yield of 1.93%. Lowe's Companies's dividend payout ratio is presently 33.43%.

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.