1900 Wealth Management LLC Has $718,000 Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

1900 Wealth Management LLC lowered its position in Lowe’s Companies, Inc. (NYSE:LOW) by 4.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,224 shares of the home improvement retailer’s stock after selling 154 shares during the period. 1900 Wealth Management LLC’s holdings in Lowe’s Companies were worth $718,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of LOW. Ontario Teachers Pension Plan Board grew its position in Lowe’s Companies by 187,225.6% during the third quarter. Ontario Teachers Pension Plan Board now owns 2,111,159 shares of the home improvement retailer’s stock valued at $438,783,000 after buying an additional 2,110,032 shares during the period. International Assets Investment Management LLC bought a new stake in Lowe’s Companies during the fourth quarter valued at approximately $430,090,000. Schroder Investment Management Group raised its stake in shares of Lowe’s Companies by 189.5% during 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 acquiring an additional 1,831,727 shares in the last quarter. Aristotle Capital Management LLC raised its stake in shares of Lowe’s Companies by 143.8% during the third 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 in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new position in shares of Lowe’s Companies in the third quarter worth $144,530,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Trading Up 0.8 %

NYSE:LOW traded up $1.93 during mid-day trading on Tuesday, hitting $232.06. The company had a trading volume of 332,684 shares, compared to its average volume of 2,509,005. The business has a fifty day simple moving average of $239.65 and a 200-day simple moving average of $219.11. The firm has a market capitalization of $132.78 billion, a price-to-earnings ratio of 17.57, a PEG ratio of 1.70 and a beta of 1.13. Lowe’s Companies, Inc. has a 1 year low of $181.85 and a 1 year high of $262.49.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.09. The company had revenue of $18.60 billion for the quarter, compared to analysts’ expectations of $18.47 billion. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The firm’s quarterly revenue was down 17.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.28 earnings per share. As a group, research analysts anticipate that Lowe’s Companies, Inc. will post 12.21 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 8th. Shareholders of record on Wednesday, April 24th will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio is presently 33.43%.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Robert W. Baird upgraded shares of Lowe’s Companies from an “average” rating to an “outperform” rating and set a $250.00 target price on the stock in a report on Wednesday, February 14th. JPMorgan Chase & Co. increased their target price on Lowe’s Companies from $265.00 to $268.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Stifel Nicolaus reduced their target price on Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating on the stock in a research note on Friday, February 16th. Truist Financial increased their target price on Lowe’s Companies from $258.00 to $271.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Finally, Wells Fargo & Company raised their price target on Lowe’s Companies from $235.00 to $250.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Fifteen research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $252.52.

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.