Ironvine Capital Partners LLC Reduces Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Ironvine Capital Partners LLC lessened its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 0.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 109,971 shares of the home improvement retailer’s stock after selling 56 shares during the period. Lowe’s Companies accounts for approximately 2.9% of Ironvine Capital Partners LLC’s portfolio, making the stock its 17th largest holding. Ironvine Capital Partners LLC’s holdings in Lowe’s Companies were worth $27,141,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. IFS Advisors LLC purchased a new stake in Lowe’s Companies during the 4th quarter worth about $25,000. Winch Advisory Services LLC lifted its stake in shares of Lowe’s Companies by 56.4% during the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after buying an additional 44 shares during the period. Marshall Investment Management LLC acquired a new stake in Lowe’s Companies during the fourth quarter worth approximately $31,000. Caisse Des Depots ET Consignations acquired a new position in Lowe’s Companies in the 4th quarter valued at $33,000. Finally, Millstone Evans Group LLC acquired a new position in Lowe’s Companies in the fourth quarter valued at $44,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on LOW. Bank of America lowered their target price 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. Mizuho cut their price target on Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. DA Davidson restated a “neutral” rating and issued a $270.00 target price on shares of Lowe’s Companies in a research report on Wednesday, April 16th. Piper Sandler reduced their price objective on Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating for the company in a research report on Monday, March 24th. Finally, Truist Financial lowered their target price on Lowe’s Companies from $295.00 to $258.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $278.74.

Lowe’s Companies Stock Up 2.9 %

Shares of LOW opened at $219.03 on Wednesday. The company has a 50-day moving average price of $231.16 and a two-hundred day moving average price of $251.89. Lowe’s Companies, Inc. has a 12 month low of $206.39 and a 12 month high of $287.01. The stock has a market cap of $122.59 billion, a price-to-earnings ratio of 18.27, a P/E/G ratio of 1.96 and a beta of 1.07.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $18.55 billion during the quarter, compared to analysts’ expectations of $18.29 billion. Equities research analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend 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 37.67%.

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.