Lowe's Companies, Inc. (NYSE:LOW) Stake Boosted by Connecticut Wealth Management LLC

Connecticut Wealth Management LLC lifted its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 268.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,105 shares of the home improvement retailer's stock after buying an additional 3,720 shares during the quarter. Connecticut Wealth Management LLC's holdings in Lowe's Companies were worth $1,136,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LOW. Telemus Capital LLC boosted its holdings in shares of Lowe's Companies by 397.9% in the 3rd quarter. Telemus Capital LLC now owns 4,939 shares of the home improvement retailer's stock valued at $1,027,000 after buying an additional 3,947 shares in the last quarter. Everhart Financial Group Inc. lifted its stake in Lowe's Companies by 11.0% in the third quarter. Everhart Financial Group Inc. now owns 1,698 shares of the home improvement retailer's stock valued at $353,000 after buying an additional 168 shares during the last quarter. Hixon Zuercher LLC boosted its holdings in shares of Lowe's Companies by 2.1% in the third quarter. Hixon Zuercher LLC now owns 28,574 shares of the home improvement retailer's stock valued at $5,939,000 after acquiring an additional 580 shares during the period. WealthShield Partners LLC acquired a new stake in shares of Lowe's Companies in the third quarter valued at approximately $215,000. Finally, Verdence Capital Advisors LLC grew its position in shares of Lowe's Companies by 20.1% during the third quarter. Verdence Capital Advisors LLC now owns 6,869 shares of the home improvement retailer's stock worth $1,428,000 after acquiring an additional 1,148 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Gordon Haskett reiterated a "hold" rating and set a $245.00 price target on shares of Lowe's Companies in a research note on Wednesday, April 3rd. Stifel Nicolaus reduced their price objective on Lowe's Companies from $240.00 to $225.00 and set a "hold" rating for the company in a research note on Friday, February 16th. StockNews.com downgraded Lowe's Companies from a "buy" rating to a "hold" rating in a research note on Wednesday, February 28th. Truist Financial upped their price target on Lowe's Companies from $258.00 to $271.00 and gave the stock a "buy" rating in a research note on Tuesday, April 2nd. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and set a $230.00 price target on shares of Lowe's Companies in a report on Wednesday, March 27th. Fifteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, Lowe's Companies presently has an average rating of "Hold" and an average price target of $252.52.

Lowe's Companies Trading Up 1.1 %

Shares of LOW stock traded up $2.55 during mid-day 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. The company has a market cap of $132.82 billion, a P/E ratio of 17.64, a price-to-earnings-growth ratio of 1.72 and a beta of 1.15. The business has a 50-day simple moving average of $240.07 and a 200 day simple moving average of $221.10. Lowe's Companies, Inc. has a 12-month low of $181.85 and a 12-month high of $262.49.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.09. Lowe's Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The firm had revenue of $18.60 billion during the quarter, compared to the consensus estimate of $18.47 billion. During the same period in the previous year, the firm posted $2.28 EPS. The company's quarterly revenue was down 17.1% compared to the same quarter last year. Research analysts anticipate that Lowe's Companies, Inc. will post 12.21 EPS for the current 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 given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lowe's Companies's dividend payout ratio is presently 33.43%.

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.