Level Four Advisory Services LLC Purchases 102 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Level Four Advisory Services LLC lifted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 0.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,514 shares of the home improvement retailer’s stock after acquiring an additional 102 shares during the period. Level Four Advisory Services LLC’s holdings in Lowe’s Companies were worth $7,778,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. United Bank increased its holdings in shares of Lowe’s Companies by 1.4% during the third 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 in the last quarter. Blueshift Asset Management LLC raised its position in Lowe’s Companies by 13.2% in the third quarter. Blueshift Asset Management LLC now owns 2,770 shares of the home improvement retailer’s stock worth $750,000 after acquiring an additional 324 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Lowe’s Companies by 101.3% during the 3rd 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 purchasing an additional 75,500 shares during the last quarter. CreativeOne Wealth LLC raised its holdings in shares of Lowe’s Companies by 18.5% in the 3rd quarter. CreativeOne Wealth LLC now owns 12,344 shares of the home improvement retailer’s stock worth $3,343,000 after purchasing an additional 1,924 shares during the period. Finally, Fiduciary Trust Co lifted its stake in Lowe’s Companies by 3.3% in the third quarter. Fiduciary Trust Co now owns 69,961 shares of the home improvement retailer’s stock valued at $18,949,000 after purchasing an additional 2,216 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on LOW shares. Evercore ISI lifted their target price on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research note on Thursday, December 12th. Guggenheim reaffirmed a “buy” rating and issued a $300.00 price target on shares of Lowe’s Companies in a report on Thursday, December 12th. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Wednesday. Sanford C. Bernstein upped their price target on Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Finally, Truist Financial lowered their target price on shares of Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus target price of $279.71.

Lowe’s Companies Trading Up 0.1 %

Shares of LOW opened at $232.35 on Friday. The firm has a 50-day moving average price of $246.24 and a 200 day moving average price of $257.35. The firm has a market capitalization of $130.05 billion, a P/E ratio of 19.38, a P/E/G ratio of 1.96 and a beta of 1.12. Lowe’s Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01.

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, beating the consensus estimate of $1.83 by $0.10. The firm had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. Equities research analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be issued a $1.15 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a dividend 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.