Infusive Asset Management Inc. Sells 12,331 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Infusive Asset Management Inc. lessened its position in Lowe’s Companies, Inc. (NYSE:LOW) by 40.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,503 shares of the home improvement retailer’s stock after selling 12,331 shares during the period. Lowe’s Companies comprises approximately 2.0% of Infusive Asset Management Inc.’s holdings, making the stock its 23rd biggest holding. Infusive Asset Management Inc.’s holdings in Lowe’s Companies were worth $4,567,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in LOW. Invst LLC acquired a new stake in shares of Lowe’s Companies in the third quarter valued at $255,000. Virtu Financial LLC lifted its position in shares of Lowe’s Companies by 66.1% during the third quarter. Virtu Financial LLC now owns 5,474 shares of the home improvement retailer’s stock worth $1,483,000 after purchasing an additional 2,178 shares in the last quarter. Tudor Financial Inc. acquired a new stake in shares of Lowe’s Companies in the third quarter valued at approximately $1,877,000. Anchor Investment Management LLC raised its position in Lowe’s Companies by 2.6% in the 3rd quarter. Anchor Investment Management LLC now owns 45,537 shares of the home improvement retailer’s stock worth $12,334,000 after purchasing an additional 1,161 shares during the last quarter. Finally, World Investment Advisors LLC boosted its position in Lowe’s Companies by 7.6% in the 3rd quarter. World Investment Advisors LLC now owns 23,714 shares of the home improvement retailer’s stock valued at $6,423,000 after buying an additional 1,670 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Analysts Set New Price Targets

LOW has been the subject of several recent research reports. BNP Paribas raised Lowe’s Companies to a “strong sell” rating in a report on Thursday, February 27th. Piper Sandler decreased their price target on shares of Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating for the company in a report on Monday, March 24th. Bank of America dropped their price objective on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Truist Financial decreased their price objective on Lowe’s Companies from $295.00 to $258.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Finally, Mizuho dropped their price objective on shares of Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and an average price target of $278.74.

Lowe’s Companies Price Performance

Shares of LOW opened at $219.01 on Friday. The firm has a 50 day simple moving average of $233.35 and a two-hundred day simple moving average of $253.13. Lowe’s Companies, Inc. has a one year low of $206.39 and a one year high of $287.01. The company has a market cap of $122.58 billion, a P/E ratio of 18.27, a P/E/G ratio of 1.96 and a beta of 1.07.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.10. The business 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%. On average, analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be paid a dividend of $1.15 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.10%. Lowe’s Companies’s payout ratio is presently 37.67%.

About Lowe’s Companies

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.