Lowe’s Companies, Inc. (NYSE:LOW) Stock Position Decreased by Franklin Resources Inc.

Franklin Resources Inc. cut its stake in shares of Lowe’s Companies, Inc. (NYSE:LOWFree Report) by 4.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,326,358 shares of the home improvement retailer’s stock after selling 142,059 shares during the period. Franklin Resources Inc.’s holdings in Lowe’s Companies were worth $740,281,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wetzel Investment Advisors Inc. purchased a new stake in Lowe’s Companies during the fourth quarter valued at about $25,000. Orion Capital Management LLC acquired a new position in Lowe’s Companies in the 3rd quarter worth approximately $26,000. VisionPoint Advisory Group LLC raised its stake in Lowe’s Companies by 85.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 70 shares during the period. Pacific Capital Wealth Advisors Inc. purchased a new stake in shares of Lowe’s Companies in the fourth quarter valued at $33,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of Lowe’s Companies in the third quarter worth $40,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Trading Down 0.8 %

NYSE:LOW traded down $1.77 during mid-day trading on Monday, hitting $229.34. 2,682,058 shares of the company’s stock traded hands, compared to its average volume of 2,411,715. The firm has a market capitalization of $131.23 billion, a price-to-earnings ratio of 17.40, a price-to-earnings-growth ratio of 1.71 and a beta of 1.15. The firm has a 50 day moving average of $238.70 and a two-hundred day moving average of $224.28. Lowe’s Companies, Inc. has a 12 month low of $181.85 and a 12 month high of $262.49.

Lowe’s Companies (NYSE:LOWGet Free Report) last posted its quarterly earnings data 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. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The company had revenue of $18.60 billion during the quarter, compared to analysts’ expectations of $18.47 billion. During the same period in the prior year, the business earned $2.28 earnings per share. Lowe’s Companies’s revenue for the quarter was down 17.1% compared to the same quarter last year. As a group, equities research analysts expect that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was 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%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LOW. Wells Fargo & Company raised their price objective on Lowe’s Companies from $235.00 to $250.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. Truist Financial boosted their price objective on shares of Lowe’s Companies from $258.00 to $271.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Wedbush increased their target price on shares of Lowe’s Companies from $215.00 to $250.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Morgan Stanley upped their price target on shares of Lowe’s Companies from $240.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. Finally, StockNews.com cut Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Fifteen equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $252.67.

Read Our Latest Stock Analysis on Lowe’s Companies

Lowe’s Companies Company Profile

(Free Report)

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, d├ęcor, and electrical.

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Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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