Lowe’s Companies, Inc. (NYSE:LOW) Shares Purchased by Syon Capital LLC

Syon Capital LLC increased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 23.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,129 shares of the home improvement retailer’s stock after purchasing an additional 1,345 shares during the period. Syon Capital LLC’s holdings in Lowe’s Companies were worth $1,587,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of LOW. Morgan Stanley boosted its stake in Lowe’s Companies by 1.1% in the third quarter. Morgan Stanley now owns 10,930,693 shares of the home improvement retailer’s stock valued at $2,271,836,000 after acquiring an additional 116,855 shares in the last quarter. Northern Trust Corp boosted its stake 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 valued at $1,483,733,000 after acquiring an additional 78,901 shares in the last quarter. Schroder Investment Management Group boosted its stake 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 valued at $581,592,000 after acquiring an additional 1,831,727 shares in the last quarter. Ontario Teachers Pension Plan Board boosted its stake in Lowe’s Companies by 187,225.6% in the third 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 acquiring an additional 2,110,032 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in Lowe’s Companies in the fourth quarter valued at $430,090,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Piper Sandler upped their price objective on shares of Lowe’s Companies from $218.00 to $245.00 and gave the company an “overweight” rating in a research note on Tuesday, January 16th. Stifel Nicolaus reduced their target price on shares of Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating for the company in a report on Friday, February 16th. JPMorgan Chase & Co. upped their target price on shares of Lowe’s Companies from $265.00 to $268.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. Oppenheimer reaffirmed a “market perform” rating and issued a $230.00 target price on shares of Lowe’s Companies in a report on Monday, March 4th. Finally, Barclays upped their target price on shares of Lowe’s Companies from $203.00 to $229.00 and gave the company an “equal weight” rating in a report on Thursday, January 4th. Fifteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Lowe’s Companies presently has an average rating of “Hold” and a consensus price target of $252.52.

Lowe’s Companies Trading Down 0.1 %

Shares of LOW stock traded down $0.33 during trading hours on Thursday, hitting $229.96. The company’s stock had a trading volume of 1,985,008 shares, compared to its average volume of 2,513,444. The business has a fifty day moving average of $239.88 and a 200-day moving average of $219.43. The stock has a market cap of $131.58 billion, a price-to-earnings ratio of 17.50, a P/E/G ratio of 1.73 and a beta of 1.13. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS for the quarter, beating the consensus estimate 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 net margin of 8.94% and a negative return on equity of 51.42%. The company’s quarterly revenue was down 17.1% on a year-over-year basis. During the same period in the prior year, the business earned $2.28 earnings per share. On average, equities analysts expect that Lowe’s Companies, Inc. will post 12.21 EPS 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 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 (DPR) is currently 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.