B. Metzler seel. Sohn & Co. AG Reduces Stake in Lowe’s Companies, Inc. (NYSE:LOW)

B. Metzler seel. Sohn & Co. AG lessened its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 23.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 46,875 shares of the home improvement retailer’s stock after selling 14,621 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Lowe’s Companies were worth $11,568,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. IFS Advisors LLC purchased a new position in Lowe’s Companies during the fourth quarter worth about $25,000. Legacy Investment Solutions LLC purchased a new stake in shares of Lowe’s Companies during the 3rd quarter valued at approximately $27,000. Winch Advisory Services LLC raised its position in shares of Lowe’s Companies by 56.4% during the 4th 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 position in Lowe’s Companies in the fourth quarter valued at approximately $31,000. Finally, Caisse Des Depots ET Consignations purchased a new position in Lowe’s Companies in the fourth quarter worth approximately $33,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

NYSE LOW opened at $228.20 on Monday. The firm’s fifty day moving average price is $245.57 and its 200 day moving average price is $257.38. Lowe’s Companies, Inc. has a 12 month low of $211.80 and a 12 month high of $287.01. The company has a market capitalization of $127.73 billion, a price-to-earnings ratio of 19.03, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12.

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 (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. As a group, sell-side analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Announces Dividend

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 paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lowe’s Companies’s dividend payout ratio is currently 37.67%.

Analyst Ratings Changes

Several equities analysts have recently commented on LOW shares. Piper Sandler decreased their price target on Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating on the stock in a research note on Monday, March 24th. 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. StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, March 26th. Royal Bank of Canada reduced their price target 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, Truist Financial lowered 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 report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and a consensus target price of $279.71.

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.