Lowe’s Companies, Inc. (NYSE:LOW) Stock Holdings Lowered by Applied Finance Capital Management LLC

Applied Finance Capital Management LLC cut its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 14.3% in the 4th quarter, Holdings Channel reports. The firm owned 150,726 shares of the home improvement retailer’s stock after selling 25,204 shares during the period. Lowe’s Companies makes up approximately 1.6% of Applied Finance Capital Management LLC’s portfolio, making the stock its 27th largest holding. Applied Finance Capital Management LLC’s holdings in Lowe’s Companies were worth $37,199,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Legacy Investment Solutions LLC acquired a new stake in shares of Lowe’s Companies during the 3rd quarter valued at $27,000. IFS Advisors LLC acquired a new stake in shares of Lowe’s Companies during the fourth quarter worth $25,000. Marshall Investment Management LLC purchased a new stake in shares of Lowe’s Companies during the fourth quarter valued at $31,000. Winch Advisory Services LLC lifted its holdings 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 purchasing an additional 44 shares during the last quarter. Finally, Caisse Des Depots ET Consignations acquired a new position in shares of Lowe’s Companies in the 4th quarter valued at $33,000. 74.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Truist Financial reduced their price objective on shares of Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Mizuho reduced their price target on shares of Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. StockNews.com cut shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Thursday, April 3rd. Royal Bank of Canada cut 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. Finally, Wedbush reaffirmed a “neutral” rating and issued a $250.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $280.35.

Lowe’s Companies Price Performance

Lowe’s Companies stock opened at $216.68 on Tuesday. Lowe’s Companies, Inc. has a one year low of $211.70 and a one year high of $287.01. The company’s fifty day moving average price is $241.35 and its two-hundred day moving average price is $256.15. The company has a market capitalization of $121.28 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 1.96 and a beta of 1.07.

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

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors 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 dividend yield of 2.12%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lowe’s Companies’s dividend payout ratio is currently 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.