Fidelis Capital Partners LLC Grows Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Fidelis Capital Partners LLC lifted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 6.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 3,918 shares of the home improvement retailer’s stock after purchasing an additional 238 shares during the period. Fidelis Capital Partners LLC’s holdings in Lowe’s Companies were worth $872,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in LOW. Dynamic Advisor Solutions LLC increased its holdings in Lowe’s Companies by 33.7% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 3,345 shares of the home improvement retailer’s stock valued at $695,000 after purchasing an additional 843 shares during the period. Harbour Trust & Investment Management Co bought a new position in Lowe’s Companies in the 4th quarter valued at approximately $5,890,000. Meridian Wealth Management LLC raised its stake in Lowe’s Companies by 100.4% during the 3rd quarter. Meridian Wealth Management LLC now owns 31,158 shares of the home improvement retailer’s stock valued at $6,492,000 after buying an additional 15,612 shares during the last quarter. Biondo Investment Advisors LLC raised its stake in Lowe’s Companies by 1.0% during the 3rd quarter. Biondo Investment Advisors LLC now owns 60,958 shares of the home improvement retailer’s stock valued at $12,669,000 after buying an additional 620 shares during the last quarter. Finally, Perigon Wealth Management LLC raised its stake in Lowe’s Companies by 18.6% during the 4th quarter. Perigon Wealth Management LLC now owns 3,724 shares of the home improvement retailer’s stock valued at $829,000 after buying an additional 584 shares during the last quarter. 74.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on LOW. Citigroup upped their price objective on Lowe’s Companies from $199.00 to $236.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 21st. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $230.00 price target on shares of Lowe’s Companies in a report on Wednesday, March 27th. JPMorgan Chase & Co. increased their price objective on shares of Lowe’s Companies from $265.00 to $268.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. Royal Bank of Canada raised their target price on shares of Lowe’s Companies from $190.00 to $246.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 28th. Finally, Truist Financial raised their target price on shares of Lowe’s Companies from $258.00 to $271.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Fifteen investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $252.52.

Lowe’s Companies Stock Up 1.0 %

Shares of NYSE:LOW traded up $2.34 on Friday, reaching $231.13. 411,491 shares of the company’s stock were exchanged, compared to its average volume of 2,523,029. The firm has a market capitalization of $132.25 billion, a price-to-earnings ratio of 17.57, a PEG ratio of 1.69 and a beta of 1.13. Lowe’s Companies, Inc. has a fifty-two week low of $181.85 and a fifty-two week high of $262.49. The business’s 50-day moving average is $239.46 and its two-hundred day moving average is $218.46.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.09. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The firm had revenue of $18.60 billion during the quarter, compared to analyst estimates of $18.47 billion. During the same quarter in the prior year, the firm posted $2.28 EPS. Lowe’s Companies’s revenue was down 17.1% compared to the same quarter last year. Analysts predict that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is 33.43%.

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.