Lowe's Companies, Inc. (NYSE:LOW) is Ontario Teachers Pension Plan Board's 9th Largest Position

Ontario Teachers Pension Plan Board decreased its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,024,336 shares of the home improvement retailer's stock after selling 86,823 shares during the quarter. Lowe's Companies comprises 4.5% of Ontario Teachers Pension Plan Board's investment portfolio, making the stock its 9th largest holding. Ontario Teachers Pension Plan Board owned 0.35% of Lowe's Companies worth $450,516,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Wetzel Investment Advisors Inc. bought a new stake in shares of Lowe's Companies during the 4th quarter worth about $25,000. Orion Capital Management LLC bought a new stake in Lowe's Companies during the third quarter worth approximately $26,000. VisionPoint Advisory Group LLC grew its holdings in Lowe's Companies by 85.4% during the third quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer's stock valued at $32,000 after purchasing an additional 70 shares during the last quarter. Pacific Capital Wealth Advisors Inc. acquired a new position in Lowe's Companies during the fourth quarter valued at approximately $33,000. Finally, Itau Unibanco Holding S.A. bought a new position in shares of Lowe's Companies in the third quarter valued at approximately $40,000. Institutional investors and hedge funds own 74.06% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on LOW shares. Truist Financial decreased their price objective on shares of Lowe's Companies from $271.00 to $265.00 and set a "buy" rating for the company in a report on Wednesday. The Goldman Sachs Group raised their price target on Lowe's Companies from $238.00 to $262.00 and gave the company a "buy" rating in a research report on Tuesday, February 13th. Wedbush reissued a "neutral" rating and set a $250.00 price objective on shares of Lowe's Companies in a research report on Wednesday. StockNews.com upgraded Lowe's Companies from a "hold" rating to a "buy" rating in a research note on Wednesday. Finally, Citigroup dropped their price target on Lowe's Companies from $243.00 to $240.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 7th. Fourteen research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $251.33.

Lowe's Companies Trading Down 1.7 %

LOW stock traded down $3.75 during trading on Wednesday, hitting $221.11. The company had a trading volume of 2,769,473 shares, compared to its average volume of 2,445,528. The company has a fifty day moving average price of $237.57 and a two-hundred day moving average price of $224.71. Lowe's Companies, Inc. has a fifty-two week low of $181.85 and a fifty-two week high of $262.49. The company has a market cap of $126.52 billion, a P/E ratio of 16.80, a P/E/G ratio of 1.69 and a beta of 1.15.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its quarterly earnings data on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.94 by $0.12. Lowe's Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The company had revenue of $21.36 billion during the quarter, compared to analysts' expectations of $21.14 billion. During the same period last year, the business earned $3.67 earnings per share. The business's revenue was down 4.4% on a year-over-year basis. On average, analysts expect that Lowe's Companies, Inc. will post 12.21 earnings per share for the current year.

Lowe's Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend was Tuesday, April 23rd. Lowe's Companies's payout ratio is 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.