Transatlantique Private Wealth LLC Cuts Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Transatlantique Private Wealth LLC cut its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,335 shares of the home improvement retailer’s stock after selling 70 shares during the period. Transatlantique Private Wealth LLC’s holdings in Lowe’s Companies were worth $823,000 at the end of the most recent reporting period.

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

Lowe’s Companies Stock Performance

NYSE LOW opened at $219.01 on Friday. The firm has a market cap of $122.58 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 1.96 and a beta of 1.07. The firm has a 50 day simple moving average of $232.59 and a 200-day simple moving average of $252.62. Lowe’s Companies, Inc. has a one year low of $206.39 and a one year high of $287.01.

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, topping the consensus estimate of $1.83 by $0.10. The business had revenue of $18.55 billion during the quarter, compared to the consensus estimate of $18.29 billion. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. Equities analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lowe’s Companies’s dividend payout ratio is currently 37.67%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Truist Financial reduced their target price on Lowe’s Companies from $295.00 to $258.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Royal Bank of Canada decreased their price objective on Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating on the stock in a report on Thursday, February 27th. Piper Sandler dropped their target price on shares of Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating for the company in a report on Monday, March 24th. Mizuho decreased their price target on shares of 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. Finally, DA Davidson restated a “neutral” rating and set a $270.00 price target on shares of Lowe’s Companies in a research report on Wednesday. One 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $278.74.

About Lowe’s Companies

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.