First Financial Corp IN lowered its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW – Free Report) by 9.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,382 shares of the home improvement retailer’s stock after selling 143 shares during the period. First Financial Corp IN’s holdings in Lowe’s Companies were worth $352,000 as of its most recent filing with the SEC.
Other large investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Lowe’s Companies during the 4th quarter worth approximately $1,638,746,000. International Assets Investment Management LLC bought a new position in shares of Lowe’s Companies in the fourth quarter worth approximately $430,090,000. Schroder Investment Management Group increased its stake in shares of Lowe’s Companies by 189.5% in the third quarter. Schroder Investment Management Group now owns 2,798,268 shares of the home improvement retailer’s stock worth $581,592,000 after buying an additional 1,831,727 shares during the period. Canoe Financial LP bought a new stake in Lowe’s Companies during the 4th quarter valued at $206,912,000. Finally, Aristotle Capital Management LLC grew its holdings in Lowe’s Companies by 143.8% in the 3rd quarter. Aristotle Capital Management LLC now owns 1,361,716 shares of the home improvement retailer’s stock worth $283,019,000 after acquiring an additional 803,216 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.
Lowe’s Companies Price Performance
Shares of Lowe’s Companies stock traded up $0.91 during trading on Wednesday, hitting $218.16. 1,039,191 shares of the company’s stock traded hands, compared to its average volume of 2,458,481. Lowe’s Companies, Inc. has a 1 year low of $181.85 and a 1 year high of $262.49. The business has a 50-day simple moving average of $225.89 and a 200-day simple moving average of $228.28. The stock has a market capitalization of $124.32 billion, a P/E ratio of 17.44, a PEG ratio of 1.66 and a beta of 1.08.
Lowe’s Companies Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 7th. Investors of record on Wednesday, July 24th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, July 24th. This represents a $0.60 annualized dividend and a yield of 0.28%. Lowe’s Companies’s dividend payout ratio (DPR) is 35.34%.
Wall Street Analysts Forecast Growth
LOW has been the topic of several recent analyst reports. UBS Group raised their target price on Lowe’s Companies from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Truist Financial decreased their target price on Lowe’s Companies from $271.00 to $265.00 and set a “buy” rating for the company in a report on Wednesday, May 22nd. Telsey Advisory Group reiterated a “market perform” rating and issued a $230.00 price target on shares of Lowe’s Companies in a report on Tuesday, May 21st. Wedbush restated a “neutral” rating and issued a $250.00 price objective on shares of Lowe’s Companies in a report on Wednesday, May 22nd. Finally, Mizuho started coverage on shares of Lowe’s Companies in a research note on Tuesday, March 19th. They set a “buy” rating and a $280.00 target price on the stock. Fifteen investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $251.33.
View Our Latest Stock Report on LOW
Lowe’s Companies 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.
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