Focus Partners Advisor Solutions LLC Has $2.92 Million Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Focus Partners Advisor Solutions LLC boosted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 3.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 11,830 shares of the home improvement retailer’s stock after acquiring an additional 349 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Lowe’s Companies were worth $2,920,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Lowe’s Companies during the fourth quarter worth approximately $1,842,954,000. Kovitz Investment Group Partners LLC lifted its position in shares of Lowe’s Companies by 350.2% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,373,460 shares of the home improvement retailer’s stock valued at $585,770,000 after acquiring an additional 1,846,315 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Lowe’s Companies during the 4th quarter worth $314,435,000. Strategic Financial Concepts LLC increased its position in shares of Lowe’s Companies by 24,531.0% in 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 during the period. Finally, Northern Trust Corp increased its holdings in Lowe’s Companies by 16.3% in the 4th quarter. Northern Trust Corp now owns 7,074,391 shares of the home improvement retailer’s stock valued at $1,745,960,000 after buying an additional 993,833 shares during the period. Institutional investors own 74.06% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Tuesday, April 15th. Wells Fargo & Company cut their target price on Lowe’s Companies from $285.00 to $260.00 and set an “overweight” rating for the company in a research note on Thursday, May 8th. BNP Paribas raised Lowe’s Companies to a “strong sell” rating in a report on Thursday, February 27th. Bank of America lowered their price target on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Finally, Truist Financial reduced 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. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus price target of $276.17.

Lowe’s Companies Price Performance

NYSE:LOW opened at $227.28 on Thursday. Lowe’s Companies, Inc. has a one year low of $206.39 and a one year high of $287.01. The company has a market cap of $127.21 billion, a PE ratio of 18.96, a P/E/G ratio of 1.96 and a beta of 1.00. The firm’s 50 day simple moving average is $224.69 and its 200 day simple moving average is $245.29.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 EPS for the quarter, topping analysts’ consensus estimates of $2.88 by $0.04. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The company had revenue of $20.93 billion for the quarter, compared to analyst estimates of $21.09 billion. During the same quarter in the previous year, the business earned $3.06 earnings per share. Lowe’s Companies’s revenue was down 2.0% compared to the same quarter last year. Equities research analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend was Wednesday, April 23rd. Lowe’s Companies’s payout ratio is presently 37.67%.

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.