Lowe’s Companies, Inc. (NYSE:LOW) Holdings Lowered by Hardin Capital Partners LLC

Hardin Capital Partners LLC decreased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 0.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 337,533 shares of the home improvement retailer’s stock after selling 178 shares during the period. Lowe’s Companies accounts for about 50.7% of Hardin Capital Partners LLC’s portfolio, making the stock its biggest holding. Hardin Capital Partners LLC owned approximately 0.06% of Lowe’s Companies worth $83,303,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. IFS Advisors LLC purchased a new position in shares of Lowe’s Companies during the fourth quarter valued at about $25,000. Legacy Investment Solutions LLC purchased a new position in Lowe’s Companies during the 3rd quarter valued at approximately $27,000. Winch Advisory Services LLC increased its stake in Lowe’s Companies by 56.4% in the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after acquiring an additional 44 shares during the last quarter. Marshall Investment Management LLC purchased a new stake in shares of Lowe’s Companies during the 4th quarter worth approximately $31,000. Finally, Millstone Evans Group LLC bought a new position in shares of Lowe’s Companies during the 4th quarter valued at approximately $44,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of NYSE LOW opened at $230.61 on Wednesday. Lowe’s Companies, Inc. has a fifty-two week low of $211.80 and a fifty-two week high of $287.01. The company has a market cap of $130.21 billion, a PE ratio of 19.23, a P/E/G ratio of 1.96 and a beta of 1.12. The business has a 50-day simple moving average of $247.26 and a two-hundred day simple moving average of $257.71.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $18.55 billion during the quarter, compared to analysts’ expectations of $18.29 billion. On average, sell-side 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 announced a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be paid a $1.15 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a yield of 1.99%. Lowe’s Companies’s dividend payout ratio (DPR) is 37.67%.

Analyst Ratings Changes

A number of brokerages recently commented on LOW. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 price target on shares of Lowe’s Companies in a report on Wednesday, February 26th. Stifel Nicolaus raised their price objective on Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. Bank of America cut their target price on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Piper Sandler lowered their target price 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. Finally, StockNews.com downgraded shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Tuesday, March 11th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, Lowe’s Companies has a consensus rating of “Moderate Buy” and a consensus price target of $279.71.

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.