DiNuzzo Private Wealth Inc. Takes Position in Lowe’s Companies, Inc. (NYSE:LOW)

DiNuzzo Private Wealth Inc. purchased a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the fourth quarter, Holdings Channel.com reports. The fund purchased 687 shares of the home improvement retailer’s stock, valued at approximately $153,000.

A number of other institutional investors have also recently made changes to their positions in the company. Morgan Stanley lifted its position in shares of Lowe’s Companies by 1.1% during the 3rd quarter. Morgan Stanley now owns 10,930,693 shares of the home improvement retailer’s stock valued at $2,271,836,000 after buying an additional 116,855 shares during the last quarter. Northern Trust Corp lifted its position in shares of Lowe’s Companies by 1.1% during the 3rd quarter. Northern Trust Corp now owns 7,138,824 shares of the home improvement retailer’s stock valued at $1,483,733,000 after buying an additional 78,901 shares during the last quarter. Schroder Investment Management Group lifted its position in shares of Lowe’s Companies by 189.5% during the 3rd quarter. Schroder Investment Management Group now owns 2,798,268 shares of the home improvement retailer’s stock valued at $581,592,000 after buying an additional 1,831,727 shares during the last quarter. Ontario Teachers Pension Plan Board lifted its position in shares of Lowe’s Companies by 187,225.6% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 2,111,159 shares of the home improvement retailer’s stock valued at $438,783,000 after buying an additional 2,110,032 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of Lowe’s Companies during the 4th quarter valued at $430,090,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

LOW stock traded down $0.47 during trading on Wednesday, hitting $227.52. 737,264 shares of the company traded hands, compared to its average volume of 2,473,323. The firm has a market capitalization of $130.18 billion, a PE ratio of 17.32, a P/E/G ratio of 1.71 and a beta of 1.13. Lowe’s Companies, Inc. has a 1 year low of $181.85 and a 1 year high of $262.49. The company has a 50-day moving average of $240.11 and a 200-day moving average of $220.41.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.09. The company had revenue of $18.60 billion during 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%. Lowe’s Companies’s quarterly revenue was down 17.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.28 EPS. Sell-side analysts expect that Lowe’s Companies, Inc. will post 12.21 EPS for the current year.

Lowe’s Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is currently 33.43%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on LOW. Robert W. Baird upgraded Lowe’s Companies from an “average” rating to an “outperform” rating and set a $250.00 price objective on the stock in a research note on Wednesday, February 14th. Telsey Advisory Group restated a “market perform” rating and issued a $230.00 target price on shares of Lowe’s Companies in a research note on Wednesday, March 27th. Truist Financial upped 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. Oppenheimer restated a “market perform” rating and issued a $230.00 target price on shares of Lowe’s Companies in a research note on Monday, March 4th. Finally, The Goldman Sachs Group upped their target price on Lowe’s Companies from $238.00 to $262.00 and gave the stock a “buy” rating in a research note on Tuesday, February 13th. Fifteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $252.52.

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.