Tilt Investment Management Holdings PBC Makes New $522,000 Investment in Lowe’s Companies, Inc. (NYSE:LOW)

Tilt Investment Management Holdings PBC purchased a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) in the fourth quarter, HoldingsChannel reports. The firm purchased 2,345 shares of the home improvement retailer’s stock, valued at approximately $522,000.

A number of other hedge funds have also modified their holdings of LOW. Orion Capital Management LLC purchased a new position in Lowe’s Companies during the third quarter worth about $26,000. VisionPoint Advisory Group LLC lifted its holdings in shares of Lowe’s Companies by 85.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 70 shares during the last quarter. Sanctuary Wealth Management L.L.C. purchased a new position in shares of Lowe’s Companies during the 4th quarter worth approximately $35,000. Itau Unibanco Holding S.A. acquired a new stake in Lowe’s Companies in the 3rd quarter valued at approximately $40,000. Finally, True Wealth Design LLC acquired a new stake in Lowe’s Companies in the 4th quarter valued at approximately $42,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LOW has been the subject of several research analyst reports. UBS Group raised their price target on Lowe’s Companies from $250.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Truist Financial lifted their target price on Lowe’s Companies from $258.00 to $271.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Citigroup boosted their price target on shares of Lowe’s Companies from $199.00 to $236.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 21st. Evercore ISI dropped their price objective on shares of Lowe’s Companies from $280.00 to $275.00 and set an “in-line” rating for the company in a report on Tuesday. Finally, StockNews.com lowered shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th. Fifteen equities research 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 currently has an average rating of “Hold” and an average price target of $252.52.

Lowe’s Companies Trading Up 0.1 %

NYSE:LOW traded up $0.15 during midday trading on Thursday, hitting $229.01. 1,066,298 shares of the company were exchanged, compared to its average volume of 2,539,702. 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 capitalization of $131.03 billion, a PE ratio of 17.39, a price-to-earnings-growth ratio of 1.69 and a beta of 1.13. The company has a fifty day simple moving average of $239.29 and a 200 day simple moving average of $218.38.

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

Lowe’s Companies Dividend Announcement

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