Alesco Advisors LLC Has $1.30 Million Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Alesco Advisors LLC lessened its position in Lowe’s Companies, Inc. (NYSE:LOW) by 5.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,850 shares of the home improvement retailer’s stock after selling 370 shares during the quarter. Alesco Advisors LLC’s holdings in Lowe’s Companies were worth $1,302,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Harbour Trust & Investment Management Co acquired a new stake in Lowe’s Companies in the 4th quarter valued at approximately $5,890,000. Biondo Investment Advisors LLC grew its stake in Lowe’s Companies by 1.0% in the third quarter. Biondo Investment Advisors LLC now owns 60,958 shares of the home improvement retailer’s stock valued at $12,669,000 after purchasing an additional 620 shares in the last quarter. Syon Capital LLC grew its stake in Lowe’s Companies by 23.3% in the fourth quarter. Syon Capital LLC now owns 7,129 shares of the home improvement retailer’s stock valued at $1,587,000 after purchasing an additional 1,345 shares in the last quarter. Perigon Wealth Management LLC grew its stake in Lowe’s Companies by 18.6% in the fourth quarter. Perigon Wealth Management LLC now owns 3,724 shares of the home improvement retailer’s stock valued at $829,000 after purchasing an additional 584 shares in the last quarter. Finally, Legacy CG LLC grew its stake in Lowe’s Companies by 25.0% in the fourth quarter. Legacy CG LLC now owns 22,948 shares of the home improvement retailer’s stock valued at $5,107,000 after purchasing an additional 4,583 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on LOW shares. Royal Bank of Canada raised their price target on Lowe’s Companies from $190.00 to $246.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 28th. Robert W. Baird upgraded Lowe’s Companies from an “average” rating to an “outperform” rating and set a $250.00 price target for the company in a research note on Wednesday, February 14th. Oppenheimer restated a “market perform” rating and issued a $230.00 price target on shares of Lowe’s Companies in a research note on Monday, March 4th. StockNews.com downgraded Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, February 28th. Finally, Truist Financial lifted their target price on Lowe’s Companies from $258.00 to $271.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Fifteen equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Hold” and a consensus target price of $252.52.

Lowe’s Companies Stock Performance

Shares of Lowe’s Companies stock traded down $0.09 during trading on Friday, reaching $229.87. 1,970,953 shares of the company’s stock were exchanged, compared to its average volume of 2,507,264. Lowe’s Companies, Inc. has a 1-year low of $181.85 and a 1-year high of $262.49. The company has a market cap of $131.53 billion, a P/E ratio of 17.47, a PEG ratio of 1.70 and a beta of 1.13. The firm’s 50-day moving average price is $239.98 and its 200 day moving average price is $219.70.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data 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%. Lowe’s Companies’s quarterly revenue was down 17.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.28 EPS. As a group, equities research analysts predict that Lowe’s Companies, Inc. will post 12.21 EPS for the current year.

Lowe’s Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $4.40 dividend on an annualized basis and a yield of 1.91%. Lowe’s Companies’s dividend payout ratio is currently 33.43%.

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.