Todd Asset Management LLC Grows Position in Lowe's Companies, Inc. (NYSE:LOW)

Todd Asset Management LLC boosted its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 4.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 97,307 shares of the home improvement retailer's stock after purchasing an additional 4,142 shares during the quarter. Todd Asset Management LLC's holdings in Lowe's Companies were worth $21,656,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. AJOVista LLC purchased a new stake in Lowe's Companies during the fourth quarter valued at $190,000. Provence Wealth Management Group raised its stake in shares of Lowe's Companies by 26.4% in the fourth quarter. Provence Wealth Management Group now owns 1,466 shares of the home improvement retailer's stock valued at $326,000 after acquiring an additional 306 shares during the period. Legacy Financial Advisors Inc. raised its stake in shares of Lowe's Companies by 7.9% in the fourth quarter. Legacy Financial Advisors Inc. now owns 2,632 shares of the home improvement retailer's stock valued at $586,000 after acquiring an additional 192 shares during the period. Sapient Capital LLC purchased a new stake in shares of Lowe's Companies in the fourth quarter valued at $895,000. Finally, Axxcess Wealth Management LLC raised its stake in shares of Lowe's Companies by 19.3% in the fourth quarter. Axxcess Wealth Management LLC now owns 17,749 shares of the home improvement retailer's stock valued at $3,950,000 after acquiring an additional 2,876 shares during the period. Hedge funds and other institutional investors own 74.06% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on LOW. Telsey Advisory Group reissued a "market perform" rating and issued a $230.00 target price on shares of Lowe's Companies in a research note on Wednesday, March 27th. Evercore ISI reduced their target price on shares of Lowe's Companies from $280.00 to $275.00 and set an "in-line" rating on the stock in a research note on Tuesday, April 16th. Truist Financial raised their price target on shares of Lowe's Companies from $258.00 to $271.00 and gave the stock a "buy" rating in a research note on Tuesday, April 2nd. Wedbush raised their price target on shares of Lowe's Companies from $215.00 to $250.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 28th. Finally, Zelman & Associates reaffirmed a "neutral" rating and issued a $265.00 price target on shares of Lowe's Companies in a research note on Tuesday, April 2nd. Fifteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Lowe's Companies currently has a consensus rating of "Hold" and a consensus target price of $252.52.

Lowe's Companies Trading Up 1.1 %

Shares of NYSE:LOW traded up $2.55 during trading on Friday, reaching $232.13. The stock had a trading volume of 1,834,728 shares, compared to its average volume of 2,044,726. Lowe's Companies, Inc. has a one year low of $181.85 and a one year high of $262.49. The company has a market capitalization of $132.82 billion, a P/E ratio of 17.64, a PEG ratio of 1.70 and a beta of 1.15. The firm's 50-day simple moving average is $240.07 and its 200 day simple moving average is $220.75.

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

Lowe's Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend 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%.

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.