Meiji Yasuda Asset Management Co Ltd. Sells 223 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Meiji Yasuda Asset Management Co Ltd. lessened its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,895 shares of the home improvement retailer’s stock after selling 223 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Lowe’s Companies were worth $11,574,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. United Bank lifted its position in Lowe’s Companies by 1.4% in the 3rd quarter. United Bank now owns 10,099 shares of the home improvement retailer’s stock worth $2,735,000 after buying an additional 137 shares during the last quarter. Eagle Asset Management Inc. lifted its holdings in shares of Lowe’s Companies by 3.0% in the 3rd quarter. Eagle Asset Management Inc. now owns 13,824 shares of the home improvement retailer’s stock worth $3,748,000 after acquiring an additional 399 shares during the last quarter. Cahill Financial Advisors Inc. boosted its stake in shares of Lowe’s Companies by 13.1% in the 3rd quarter. Cahill Financial Advisors Inc. now owns 1,575 shares of the home improvement retailer’s stock valued at $427,000 after purchasing an additional 183 shares in the last quarter. Pekin Hardy Strauss Inc. bought a new position in shares of Lowe’s Companies during the 3rd quarter valued at $221,000. Finally, Daiwa Securities Group Inc. lifted its stake in Lowe’s Companies by 10.4% in the third quarter. Daiwa Securities Group Inc. now owns 72,920 shares of the home improvement retailer’s stock worth $19,750,000 after purchasing an additional 6,870 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

LOW stock opened at $233.01 on Tuesday. The company has a fifty day moving average of $247.67 and a 200-day moving average of $257.80. Lowe’s Companies, Inc. has a one year low of $211.80 and a one year high of $287.01. The stock has a market capitalization of $131.57 billion, a PE ratio of 19.43, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data 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. The firm had revenue of $18.55 billion during the quarter, compared to the consensus estimate of $18.29 billion. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. Equities analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Wednesday, April 23rd. Lowe’s Companies’s dividend payout ratio is currently 37.67%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on LOW. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 target price on shares of Lowe’s Companies in a research report on Wednesday, February 26th. Guggenheim reissued a “buy” rating and set a $300.00 price objective on shares of Lowe’s Companies in a research report on Thursday, December 12th. Piper Sandler lowered their price target on Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating on the stock in a report on Monday. Truist Financial decreased their target price on shares of Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Finally, Stifel Nicolaus raised their price objective on shares of Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $279.71.

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.