Foster Dykema Cabot & Partners LLC Has $20.57 Million Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Foster Dykema Cabot & Partners LLC lifted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 83,344 shares of the home improvement retailer’s stock after buying an additional 2,060 shares during the period. Lowe’s Companies comprises 1.6% of Foster Dykema Cabot & Partners LLC’s portfolio, making the stock its 24th biggest holding. Foster Dykema Cabot & Partners LLC’s holdings in Lowe’s Companies were worth $20,569,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Capital Square LLC lifted its position in shares of Lowe’s Companies by 4.6% during the 4th quarter. Capital Square LLC now owns 5,751 shares of the home improvement retailer’s stock worth $1,508,000 after buying an additional 255 shares during the period. Advent Capital Management DE bought a new position in shares of Lowe’s Companies during the fourth quarter valued at $3,702,000. Cravens & Co Advisors LLC lifted its holdings in shares of Lowe’s Companies by 1.4% during the fourth quarter. Cravens & Co Advisors LLC now owns 4,088 shares of the home improvement retailer’s stock valued at $1,009,000 after acquiring an additional 57 shares during the period. MSH Capital Advisors LLC acquired a new stake in shares of Lowe’s Companies in the 4th quarter valued at $1,764,000. Finally, NewEdge Advisors LLC grew its holdings in shares of Lowe’s Companies by 1.2% in the 4th quarter. NewEdge Advisors LLC now owns 79,128 shares of the home improvement retailer’s stock worth $19,529,000 after purchasing an additional 933 shares during the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on LOW shares. StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Tuesday. Piper Sandler reduced 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. DA Davidson restated a “neutral” rating and issued a $270.00 target price on shares of Lowe’s Companies in a research note on Wednesday. Bank of America reduced their price target on shares of 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. Finally, Truist Financial lowered their price objective on shares of 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. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, Lowe’s Companies presently has an average rating of “Moderate Buy” and an average target price of $278.74.

Lowe’s Companies Stock Performance

Lowe’s Companies stock opened at $214.55 on Thursday. The stock has a 50-day simple moving average of $234.10 and a 200 day simple moving average of $253.49. The stock has a market capitalization of $120.09 billion, a P/E ratio of 17.89, a PEG ratio of 1.96 and a beta of 1.07. Lowe’s Companies, Inc. has a 52 week low of $206.39 and a 52 week high of $287.01.

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

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be given a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lowe’s Companies’s payout ratio is presently 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.