Financial Counselors Inc. Sells 442 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Financial Counselors Inc. trimmed its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,107 shares of the home improvement retailer’s stock after selling 442 shares during the quarter. Financial Counselors Inc.’s holdings in Lowe’s Companies were worth $6,690,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LOW. Summitry LLC raised its position in Lowe’s Companies by 2.0% during the 4th quarter. Summitry LLC now owns 294,412 shares of the home improvement retailer’s stock worth $72,661,000 after purchasing an additional 5,813 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Lowe’s Companies in the fourth quarter valued at about $152,000. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Lowe’s Companies by 4.2% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 279,632 shares of the home improvement retailer’s stock worth $69,013,000 after acquiring an additional 11,177 shares during the last quarter. Prestige Wealth Management Group LLC boosted its holdings in Lowe’s Companies by 5.3% in the fourth quarter. Prestige Wealth Management Group LLC now owns 1,951 shares of the home improvement retailer’s stock valued at $482,000 after acquiring an additional 98 shares during the last quarter. Finally, TIAA Trust National Association increased its position in Lowe’s Companies by 12.4% during the 4th quarter. TIAA Trust National Association now owns 133,126 shares of the home improvement retailer’s stock valued at $32,855,000 after purchasing an additional 14,714 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on LOW shares. Guggenheim restated a “buy” rating and issued a $300.00 price target on shares of Lowe’s Companies in a research report on Thursday, December 12th. Royal Bank of Canada lowered their price objective on Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating for the company in a research report on Thursday, February 27th. Mizuho cut their target price on Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. Truist Financial lowered their target price on Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Finally, Evercore ISI raised their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, Lowe’s Companies currently has an average rating of “Moderate Buy” and a consensus price target of $279.71.

Lowe’s Companies Stock Up 0.5 %

Shares of NYSE:LOW opened at $231.91 on Thursday. The business’s 50 day moving average is $246.76 and its 200 day moving average is $257.53. Lowe’s Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01. The stock has a market cap of $130.95 billion, a price-to-earnings ratio of 19.34, a PEG ratio of 1.96 and a beta of 1.12.

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

Lowe’s Companies Announces Dividend

The company also recently announced 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 of this dividend is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a dividend yield of 1.98%. Lowe’s Companies’s dividend payout ratio is currently 37.67%.

Lowe’s Companies 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.