Norinchukin Bank The Increases Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Norinchukin Bank The increased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 9.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,089 shares of the home improvement retailer’s stock after acquiring an additional 2,276 shares during the period. Norinchukin Bank The’s holdings in Lowe’s Companies were worth $6,439,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Lowe’s Companies in the fourth quarter valued at $1,842,954,000. Raymond James Financial Inc. acquired a new stake in Lowe’s Companies in the 4th quarter valued at about $314,435,000. Strategic Financial Concepts LLC increased its holdings in Lowe’s Companies by 24,531.0% during the 4th quarter. Strategic Financial Concepts LLC now owns 1,228,102 shares of the home improvement retailer’s stock valued at $303,096,000 after acquiring an additional 1,223,116 shares in the last quarter. Amundi raised its position in Lowe’s Companies by 60.1% during the fourth quarter. Amundi now owns 2,603,305 shares of the home improvement retailer’s stock worth $642,730,000 after acquiring an additional 976,823 shares during the last quarter. Finally, Proficio Capital Partners LLC lifted its holdings in shares of Lowe’s Companies by 42,529.8% in the fourth quarter. Proficio Capital Partners LLC now owns 846,202 shares of the home improvement retailer’s stock valued at $208,843,000 after purchasing an additional 844,217 shares in the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Price Performance

Lowe’s Companies stock opened at $219.01 on Friday. The company has a market cap of $122.58 billion, a price-to-earnings ratio of 18.27, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07. Lowe’s Companies, Inc. has a 12 month low of $206.39 and a 12 month high of $287.01. The stock’s 50-day moving average is $232.59 and its 200-day moving average is $252.76.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS 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 firm had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. Research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Investors 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 dividend on an annualized basis and a yield of 2.10%. Lowe’s Companies’s dividend payout ratio (DPR) is 37.67%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. 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. Royal Bank of Canada cut their price target 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. Truist Financial decreased their price objective on Lowe’s Companies from $295.00 to $258.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Telsey Advisory Group reissued an “outperform” rating and issued a $305.00 target price on shares of Lowe’s Companies in a research note on Tuesday. Finally, StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $278.74.

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.