Lowe’s Companies, Inc. (NYSE:LOW) Shares Purchased by Cambridge Trust Co.

Cambridge Trust Co. increased its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 91,148 shares of the home improvement retailer’s stock after purchasing an additional 1,141 shares during the period. Cambridge Trust Co.’s holdings in Lowe’s Companies were worth $20,285,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of LOW. Norges Bank acquired a new position in shares of Lowe’s Companies during the 4th quarter worth about $1,461,267,000. Moneta Group Investment Advisors LLC raised its holdings in Lowe’s Companies by 107,710.7% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 5,080,039 shares of the home improvement retailer’s stock valued at $1,012,147,000 after acquiring an additional 5,075,327 shares during the last quarter. Ontario Teachers Pension Plan Board raised its holdings in Lowe’s Companies by 187,225.6% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 2,111,159 shares of the home improvement retailer’s stock valued at $438,783,000 after acquiring an additional 2,110,032 shares during the last quarter. Morgan Stanley raised its holdings in Lowe’s Companies by 21.3% in the 4th quarter. Morgan Stanley now owns 11,690,606 shares of the home improvement retailer’s stock valued at $2,329,237,000 after acquiring an additional 2,050,089 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in Lowe’s Companies in the 4th quarter valued at about $430,090,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Down 0.4 %

LOW stock traded down $0.89 during midday trading on Thursday, hitting $227.97. The company’s stock had a trading volume of 961,978 shares, compared to its average volume of 2,537,875. Lowe’s Companies, Inc. has a 52-week low of $181.85 and a 52-week high of $262.49. The firm has a market capitalization of $130.44 billion, a P/E ratio of 17.39, a PEG ratio of 1.69 and a beta of 1.13. The firm has a 50-day simple moving average of $239.29 and a 200-day simple moving average of $218.38.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS for the quarter, beating the consensus estimate of $1.68 by $0.09. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The company had revenue of $18.60 billion during the quarter, compared to analysts’ expectations of $18.47 billion. During the same quarter last year, the company posted $2.28 EPS. The firm’s revenue was down 17.1% compared to the same quarter last year. On average, sell-side analysts expect that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be given a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $4.40 annualized dividend and a yield of 1.93%. Lowe’s Companies’s dividend payout ratio is presently 33.43%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Royal Bank of Canada increased their price objective on shares of Lowe’s Companies from $190.00 to $246.00 and gave the company a “sector perform” rating in a report on Wednesday, February 28th. Piper Sandler increased their price objective on shares of Lowe’s Companies from $218.00 to $245.00 and gave the company an “overweight” rating in a report on Tuesday, January 16th. Robert W. Baird upgraded shares of Lowe’s Companies from an “average” rating to an “outperform” rating and set a $250.00 price objective for the company in a report on Wednesday, February 14th. Barclays increased their price target on shares of Lowe’s Companies from $203.00 to $229.00 and gave the company an “equal weight” rating in a research note on Thursday, January 4th. Finally, Gordon Haskett reissued a “hold” rating and issued a $245.00 price target on shares of Lowe’s Companies in a research note on Wednesday, April 3rd. Fifteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $252.52.

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.