SFE Investment Counsel Sells 92 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

SFE Investment Counsel trimmed its position in Lowe’s Companies, Inc. (NYSE:LOW) by 0.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,043 shares of the home improvement retailer’s stock after selling 92 shares during the period. Lowe’s Companies comprises about 2.4% of SFE Investment Counsel’s investment portfolio, making the stock its 9th largest position. SFE Investment Counsel’s holdings in Lowe’s Companies were worth $9,357,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Morgan Stanley grew its position in Lowe’s Companies by 21.3% in the fourth quarter. Morgan Stanley now owns 11,690,606 shares of the home improvement retailer’s stock valued at $2,329,237,000 after acquiring an additional 2,050,089 shares in the last quarter. Norges Bank acquired a new stake in Lowe’s Companies in the fourth quarter worth about $1,461,267,000. Northern Trust Corp lifted its holdings in Lowe’s Companies by 1.1% in the third quarter. Northern Trust Corp now owns 7,138,824 shares of the home improvement retailer’s stock worth $1,483,733,000 after purchasing an additional 78,901 shares during the period. Moneta Group Investment Advisors LLC lifted its holdings in Lowe’s Companies by 107,710.7% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 5,080,039 shares of the home improvement retailer’s stock worth $1,012,147,000 after purchasing an additional 5,075,327 shares during the period. Finally, Schroder Investment Management Group lifted its holdings in Lowe’s Companies by 189.5% in the third quarter. Schroder Investment Management Group now owns 2,798,268 shares of the home improvement retailer’s stock worth $581,592,000 after purchasing an additional 1,831,727 shares during the period. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LOW. Gordon Haskett reaffirmed a “hold” rating and issued a $245.00 price objective on shares of Lowe’s Companies in a report on Wednesday, April 3rd. Zelman & Associates reiterated a “neutral” rating and issued a $265.00 target price on shares of Lowe’s Companies in a report on Tuesday, April 2nd. Truist Financial upped their target price on Lowe’s Companies from $258.00 to $271.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Telsey Advisory Group reiterated a “market perform” rating and issued a $230.00 target price on shares of Lowe’s Companies in a report on Wednesday, March 27th. Finally, Evercore ISI dropped their target price on Lowe’s Companies from $280.00 to $275.00 and set an “in-line” rating on the stock in a report on Tuesday. Fifteen 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, the company has an average rating of “Hold” and a consensus price target of $252.52.

Lowe’s Companies Trading Up 0.0 %

Shares of NYSE:LOW traded up $0.09 during trading on Thursday, hitting $228.95. 1,118,997 shares of the company were exchanged, compared to its average volume of 2,539,702. The stock has a market cap of $131.00 billion, a price-to-earnings ratio of 17.39, a P/E/G ratio of 1.69 and a beta of 1.13. Lowe’s Companies, Inc. has a fifty-two week low of $181.85 and a fifty-two week high of $262.49. The firm has a fifty day moving average price of $239.29 and a two-hundred day moving average price of $218.38.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.09. The business had revenue of $18.60 billion for the quarter, compared to analyst estimates of $18.47 billion. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The firm’s revenue was down 17.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.28 EPS. As a group, research analysts predict that Lowe’s Companies, Inc. will post 12.21 EPS for the current year.

Lowe’s Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be paid a $1.10 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $4.40 annualized dividend and a dividend yield of 1.92%. Lowe’s Companies’s payout ratio is 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.