Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Applied Finance Capital Management LLC

Applied Finance Capital Management LLC trimmed its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 14.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 150,726 shares of the home improvement retailer’s stock after selling 25,204 shares during the quarter. Lowe’s Companies accounts for about 1.6% of Applied Finance Capital Management LLC’s investment portfolio, making the stock its 27th biggest position. Applied Finance Capital Management LLC’s holdings in Lowe’s Companies were worth $37,199,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Bernard Wealth Management Corp. purchased a new stake in Lowe’s Companies during the 4th quarter worth approximately $1,145,000. Abacus FCF Advisors LLC increased its stake in shares of Lowe’s Companies by 46.3% in the fourth quarter. Abacus FCF Advisors LLC now owns 29,763 shares of the home improvement retailer’s stock worth $7,346,000 after buying an additional 9,424 shares during the last quarter. Peachtree Investment Partners LLC raised its holdings in Lowe’s Companies by 3.4% in the fourth quarter. Peachtree Investment Partners LLC now owns 1,286 shares of the home improvement retailer’s stock valued at $317,000 after acquiring an additional 42 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Lowe’s Companies by 2,962.5% during the 4th quarter. Renaissance Technologies LLC now owns 98,000 shares of the home improvement retailer’s stock valued at $24,186,000 after acquiring an additional 94,800 shares during the last quarter. Finally, Shelton Capital Management grew its holdings in Lowe’s Companies by 7.0% during the 4th quarter. Shelton Capital Management now owns 14,414 shares of the home improvement retailer’s stock worth $3,557,000 after acquiring an additional 940 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Evercore ISI upped their target price on shares of Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a research note on Thursday, December 12th. Piper Sandler cut their price objective on Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating on the stock in a research note on Monday, March 24th. Sanford C. Bernstein lifted their target price on Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. StockNews.com lowered Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Thursday, April 3rd. Finally, Bank of America decreased 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 report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and an average target price of $280.35.

Lowe’s Companies Stock Down 3.0 %

LOW stock opened at $216.68 on Tuesday. The company has a 50-day simple moving average of $241.35 and a 200 day simple moving average of $256.15. The company has a market capitalization of $121.28 billion, a P/E ratio of 18.07, a PEG ratio of 1.96 and a beta of 1.07. Lowe’s Companies, Inc. has a fifty-two week low of $211.70 and a fifty-two week high of $287.01.

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, beating 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 during the quarter, compared to analysts’ expectations of $18.29 billion. Equities analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Dividend Announcement

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 annualized dividend and a dividend yield of 2.12%. Lowe’s Companies’s dividend payout ratio (DPR) 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.