Promethos Capital LLC Purchases 330 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Promethos Capital LLC grew its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,890 shares of the home improvement retailer’s stock after acquiring an additional 330 shares during the period. Promethos Capital LLC’s holdings in Lowe’s Companies were worth $2,441,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in LOW. Value Partners Investments Inc. grew its holdings in Lowe’s Companies by 5.2% during the 4th quarter. Value Partners Investments Inc. now owns 11,916 shares of the home improvement retailer’s stock valued at $2,941,000 after buying an additional 591 shares in the last quarter. LaSalle St. Investment Advisors LLC boosted its position in shares of Lowe’s Companies by 118.8% in the fourth quarter. LaSalle St. Investment Advisors LLC now owns 2,672 shares of the home improvement retailer’s stock valued at $659,000 after acquiring an additional 1,451 shares during the period. Belpointe Asset Management LLC grew its stake in Lowe’s Companies by 134.1% during the fourth quarter. Belpointe Asset Management LLC now owns 8,483 shares of the home improvement retailer’s stock valued at $2,108,000 after acquiring an additional 4,860 shares in the last quarter. CreativeOne Wealth LLC grew its stake in Lowe’s Companies by 5.9% during the fourth quarter. CreativeOne Wealth LLC now owns 13,067 shares of the home improvement retailer’s stock valued at $3,225,000 after acquiring an additional 723 shares in the last quarter. Finally, Mariner LLC increased its holdings in Lowe’s Companies by 2.0% during the 4th quarter. Mariner LLC now owns 488,508 shares of the home improvement retailer’s stock worth $120,564,000 after acquiring an additional 9,445 shares during the period. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Performance

Shares of LOW stock opened at $220.11 on Monday. Lowe’s Companies, Inc. has a fifty-two week low of $206.39 and a fifty-two week high of $287.01. The firm has a market cap of $123.20 billion, a P/E ratio of 18.36, a P/E/G ratio of 1.96 and a beta of 1.07. The business’s 50 day moving average price is $236.25 and its 200-day moving average price is $254.29.

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

Lowe’s Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date is Wednesday, April 23rd. Lowe’s Companies’s payout ratio is currently 37.67%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Bank of America dropped their price objective on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Royal Bank of Canada lowered their target price on shares of Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 27th. Telsey Advisory Group reissued an “outperform” rating and issued a $305.00 price target on shares of Lowe’s Companies in a report on Wednesday, February 26th. StockNews.com lowered shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Thursday, April 3rd. Finally, Mizuho reduced their target price on Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average 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.