J. Safra Sarasin Holding AG Boosts Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

J. Safra Sarasin Holding AG increased its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 27.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 106,019 shares of the home improvement retailer’s stock after buying an additional 22,887 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Lowe’s Companies were worth $26,166,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LOW. IFS Advisors LLC purchased a new position in shares of Lowe’s Companies during the 4th quarter worth $25,000. Marshall Investment Management LLC purchased a new position in Lowe’s Companies during the fourth quarter worth about $31,000. Winch Advisory Services LLC grew its stake in shares of 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 valued at $30,000 after buying an additional 44 shares during the period. Caisse Des Depots ET Consignations acquired a new stake in shares of Lowe’s Companies during the 4th quarter worth approximately $33,000. Finally, Millstone Evans Group LLC purchased a new stake in shares of Lowe’s Companies during the 4th quarter valued at approximately $44,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 2.1 %

Shares of Lowe’s Companies stock opened at $219.01 on Monday. Lowe’s Companies, Inc. has a 52-week low of $206.39 and a 52-week high of $287.01. The company has a market capitalization 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. The company has a 50 day moving average of $232.59 and a 200 day moving average of $252.50.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) 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 analysts’ expectations of $18.29 billion. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. As a group, research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The firm 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 dividend of $1.15 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a dividend yield of 2.10%. Lowe’s Companies’s dividend payout ratio is currently 37.67%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on LOW. DA Davidson reiterated a “neutral” rating and issued a $270.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, April 16th. Bank of America cut their price objective on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Mizuho decreased their target price on shares of Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Tuesday, April 15th. Finally, Piper Sandler decreased their price objective on shares of Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating on the stock in a report on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $278.74.

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.