TD Waterhouse Canada Inc. Cuts Position in Lowe's Companies, Inc. (NYSE:LOW)

TD Waterhouse Canada Inc. lessened its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 1.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 98,172 shares of the home improvement retailer's stock after selling 1,503 shares during the period. TD Waterhouse Canada Inc.'s holdings in Lowe's Companies were worth $24,243,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in LOW. Norges Bank purchased a new position in shares of Lowe's Companies in the fourth quarter valued at $1,842,954,000. Raymond James Financial Inc. bought a new position in Lowe's Companies in the fourth quarter valued at $314,435,000. Strategic Financial Concepts LLC boosted its stake in Lowe's Companies by 24,531.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 1,228,102 shares of the home improvement retailer's stock worth $303,096,000 after buying an additional 1,223,116 shares in the last quarter. Amundi raised its position in Lowe's Companies by 60.1% in the 4th quarter. Amundi now owns 2,603,305 shares of the home improvement retailer's stock worth $642,730,000 after purchasing an additional 976,823 shares during the period. Finally, Proficio Capital Partners LLC boosted its holdings in Lowe's Companies by 42,529.8% during the 4th quarter. Proficio Capital Partners LLC now owns 846,202 shares of the home improvement retailer's stock valued at $208,843,000 after acquiring an additional 844,217 shares during the period. Institutional investors own 74.06% of the company's stock.

Lowe's Companies Stock Down 0.5 %

LOW traded down $1.10 on Friday, hitting $220.95. The company had a trading volume of 1,493,675 shares, compared to its average volume of 2,475,650. The company has a market cap of $123.67 billion, a PE ratio of 18.43, a PEG ratio of 1.96 and a beta of 1.07. The business's fifty day simple moving average is $229.29 and its 200 day simple moving average is $250.97. Lowe's Companies, Inc. has a 12-month low of $206.39 and a 12-month high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $18.55 billion during the quarter, compared to analysts' expectations of $18.29 billion. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. On average, analysts anticipate that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Announces Dividend

The company 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. This represents a $4.60 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Wednesday, April 23rd. Lowe's Companies's dividend payout ratio is 37.67%.

Wall Street Analysts Forecast Growth

LOW has been the topic of a number of research analyst reports. Royal Bank of Canada reduced their price target on Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating on the stock in a report on Thursday, February 27th. Telsey Advisory Group reiterated an "outperform" rating and issued a $305.00 price target on shares of Lowe's Companies in a research note on Tuesday, April 15th. Mizuho decreased their price target on 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. DA Davidson restated a "neutral" rating and issued a $270.00 target price on shares of Lowe's Companies in a report on Wednesday, April 16th. Finally, Piper Sandler lowered their price objective on shares of Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating on the stock in a research note on Monday, March 24th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus 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.