Blair William & Co. IL Has $79.17 Million Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Blair William & Co. IL cut its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 1.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 320,775 shares of the home improvement retailer’s stock after selling 4,964 shares during the period. Blair William & Co. IL owned about 0.06% of Lowe’s Companies worth $79,167,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. United Bank grew its position in shares of Lowe’s Companies by 1.4% in the 3rd quarter. United Bank now owns 10,099 shares of the home improvement retailer’s stock valued at $2,735,000 after acquiring an additional 137 shares during the period. Soros Capital Management LLC lifted its stake in Lowe’s Companies by 39.3% in the 3rd quarter. Soros Capital Management LLC now owns 2,508 shares of the home improvement retailer’s stock valued at $679,000 after purchasing an additional 708 shares during the last quarter. Blueshift Asset Management LLC grew its holdings in Lowe’s Companies by 13.2% during the third quarter. Blueshift Asset Management LLC now owns 2,770 shares of the home improvement retailer’s stock worth $750,000 after purchasing an additional 324 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its position in Lowe’s Companies by 101.3% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 150,000 shares of the home improvement retailer’s stock worth $40,628,000 after buying an additional 75,500 shares during the last quarter. Finally, CreativeOne Wealth LLC boosted its position in shares of Lowe’s Companies by 18.5% in the third quarter. CreativeOne Wealth LLC now owns 12,344 shares of the home improvement retailer’s stock valued at $3,343,000 after acquiring an additional 1,924 shares during the period. Institutional investors own 74.06% of the company’s stock.

Analysts Set New Price Targets

LOW has been the subject of several analyst reports. Bank of America dropped their price objective on shares of Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Guggenheim reissued a “buy” rating and set a $300.00 price target on shares of Lowe’s Companies in a research report on Thursday, December 12th. Sanford C. Bernstein lifted their price objective on Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Truist Financial reduced their target price on Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Finally, BNP Paribas raised shares of Lowe’s Companies to a “strong sell” rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $279.71.

Lowe’s Companies Trading Up 0.5 %

Lowe’s Companies stock opened at $231.91 on Thursday. The firm has a market capitalization of $130.95 billion, a price-to-earnings ratio of 19.34, a P/E/G ratio of 1.96 and a beta of 1.12. The firm has a 50 day simple moving average of $246.76 and a 200 day simple moving average of $257.53. Lowe’s Companies, Inc. has a 1-year low of $211.80 and a 1-year high of $287.01.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.10. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The business had revenue of $18.55 billion for the quarter, compared to analysts’ expectations of $18.29 billion. On average, equities research analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be given a dividend of $1.15 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a yield of 1.98%. Lowe’s Companies’s payout ratio is 37.67%.

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.