Lowe's Companies, Inc. (NYSE:LOW) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lessened its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 7.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,553,156 shares of the home improvement retailer's stock after selling 286,470 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.63% of Lowe's Companies worth $876,920,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of LOW. IFS Advisors LLC purchased a new stake in shares of Lowe's Companies during the fourth quarter worth $25,000. Marshall Investment Management LLC acquired a new position in shares of Lowe's Companies during the fourth quarter worth $31,000. Winch Advisory Services LLC grew its stake in shares of Lowe's Companies by 56.4% during the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock worth $30,000 after purchasing an additional 44 shares in the last quarter. Caisse Des Depots ET Consignations acquired a new position in shares of Lowe's Companies during the fourth quarter worth $33,000. Finally, Millstone Evans Group LLC acquired a new position in shares of Lowe's Companies during the fourth quarter worth $44,000. Hedge funds and other institutional investors own 74.06% of the company's stock.

Lowe's Companies Stock Up 0.4 %

NYSE LOW traded up $0.98 during trading hours on Tuesday, hitting $222.13. 402,194 shares of the stock were exchanged, compared to its average volume of 2,467,659. Lowe's Companies, Inc. has a 12-month low of $206.39 and a 12-month high of $287.01. The company has a market cap of $124.32 billion, a price-to-earnings ratio of 18.52, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07. The stock has a 50-day moving average of $228.78 and a 200 day moving average of $250.25.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.83 by $0.10. Lowe's Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The company had revenue of $18.55 billion during the quarter, compared to analysts' expectations of $18.29 billion. On average, equities research analysts expect that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be issued a $1.15 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a yield of 2.07%. Lowe's Companies's dividend payout ratio (DPR) is presently 37.67%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. DA Davidson reiterated a "neutral" rating and set a $270.00 target price on shares of Lowe's Companies in a research note on Wednesday, April 16th. Bank of America lowered their target price on shares of Lowe's Companies from $305.00 to $290.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Mizuho lowered their target price on shares of Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating for the company in a research note on Thursday, February 27th. Truist Financial lowered their target price on shares of Lowe's Companies from $295.00 to $258.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, Royal Bank of Canada decreased their price objective on shares of Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating for the company in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, Lowe's Companies has an average rating of "Moderate Buy" and a consensus target price of $278.21.

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.