1,298 Shares in Lowe’s Companies, Inc. (NYSE:LOW) Purchased by Grant Private Wealth Management Inc

Grant Private Wealth Management Inc purchased a new stake in Lowe’s Companies, Inc. (NYSE:LOW) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,298 shares of the home improvement retailer’s stock, valued at approximately $320,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. United Bank grew 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 worth $2,735,000 after purchasing an additional 137 shares during the last quarter. Ascent Group LLC lifted its position in Lowe’s Companies by 3.5% during the 3rd quarter. Ascent Group LLC now owns 4,169 shares of the home improvement retailer’s stock worth $1,129,000 after buying an additional 141 shares in the last quarter. Hilltop Holdings Inc. grew its holdings in Lowe’s Companies by 46.6% during the 3rd quarter. Hilltop Holdings Inc. now owns 6,021 shares of the home improvement retailer’s stock worth $1,631,000 after acquiring an additional 1,915 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in Lowe’s Companies in the 3rd quarter valued at about $205,000. Finally, IHT Wealth Management LLC raised its stake in shares of Lowe’s Companies by 15.6% in the third quarter. IHT Wealth Management LLC now owns 12,233 shares of the home improvement retailer’s stock worth $3,316,000 after acquiring an additional 1,652 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on LOW shares. Sanford C. Bernstein increased their price target on shares of Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Stifel Nicolaus increased their price objective on Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Truist Financial dropped their target price on Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Guggenheim reiterated a “buy” rating and issued a $300.00 price target on shares of Lowe’s Companies in a report on Thursday, December 12th. Finally, Royal Bank of Canada dropped their price objective on Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” 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 issued a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $280.35.

Lowe’s Companies Price Performance

Shares of Lowe’s Companies stock opened at $235.25 on Thursday. The company has a market capitalization of $131.67 billion, a P/E ratio of 19.62, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. The business has a 50-day moving average of $243.94 and a two-hundred day moving average of $256.94. Lowe’s Companies, Inc. has a 1 year low of $211.80 and a 1 year 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 business had revenue of $18.55 billion during the quarter, compared to analyst estimates 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, equities analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be issued 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 1.96%. Lowe’s Companies’s payout ratio is 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.