Mitsubishi UFJ Trust & Banking Corp Purchases 11,177 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Mitsubishi UFJ Trust & Banking Corp raised its position in Lowe’s Companies, Inc. (NYSE:LOW) by 4.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 279,632 shares of the home improvement retailer’s stock after purchasing an additional 11,177 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Lowe’s Companies were worth $69,013,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of LOW. Prestige Wealth Management Group LLC lifted its stake in Lowe’s Companies by 5.3% in the 4th quarter. Prestige Wealth Management Group LLC now owns 1,951 shares of the home improvement retailer’s stock valued at $482,000 after acquiring an additional 98 shares in the last quarter. TIAA Trust National Association raised its holdings in shares of Lowe’s Companies by 12.4% in the fourth quarter. TIAA Trust National Association now owns 133,126 shares of the home improvement retailer’s stock valued at $32,855,000 after purchasing an additional 14,714 shares during the last quarter. Ashton Thomas Securities LLC lifted its position in shares of Lowe’s Companies by 11.3% in the fourth quarter. Ashton Thomas Securities LLC now owns 916 shares of the home improvement retailer’s stock worth $229,000 after purchasing an additional 93 shares in the last quarter. Modern Wealth Management LLC boosted its holdings in Lowe’s Companies by 80.8% during the fourth quarter. Modern Wealth Management LLC now owns 2,739 shares of the home improvement retailer’s stock worth $702,000 after purchasing an additional 1,224 shares during the last quarter. Finally, CoreFirst Bank & Trust bought a new position in Lowe’s Companies in the fourth quarter valued at $2,138,000. 74.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

LOW has been the subject of a number of recent research reports. Evercore ISI increased their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research note on Thursday, December 12th. BNP Paribas raised Lowe’s Companies to a “strong sell” rating in a research report on Thursday, February 27th. Mizuho lowered their price target on Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. Truist Financial dropped their price objective on Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Finally, Stifel Nicolaus raised their target price on shares of Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $279.71.

Lowe’s Companies Price Performance

Shares of Lowe’s Companies stock opened at $230.61 on Wednesday. The company’s 50 day moving average price is $247.26 and its two-hundred day moving average price is $257.71. The firm has a market capitalization of $130.21 billion, a P/E ratio of 19.23, a P/E/G ratio of 1.96 and a beta of 1.12. Lowe’s Companies, Inc. has a fifty-two week low of $211.80 and a fifty-two week high of $287.01.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.10. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The firm had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. On average, analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.99%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 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.