Rodgers Brothers Inc. Acquires 275 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Rodgers Brothers Inc. lifted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 11.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,698 shares of the home improvement retailer’s stock after buying an additional 275 shares during the quarter. Rodgers Brothers Inc.’s holdings in Lowe’s Companies were worth $666,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Prudent Man Investment Management Inc. bought a new position in Lowe’s Companies in the 4th quarter valued at $49,000. Edmond DE Rothschild Holding S.A. boosted its holdings in Lowe’s Companies by 118.3% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 3,155 shares of the home improvement retailer’s stock valued at $779,000 after acquiring an additional 1,710 shares during the last quarter. Meeder Asset Management Inc. increased its position in Lowe’s Companies by 5.6% in the fourth quarter. Meeder Asset Management Inc. now owns 25,172 shares of the home improvement retailer’s stock worth $6,212,000 after purchasing an additional 1,343 shares during the period. Wellington Management Group LLP raised its holdings in Lowe’s Companies by 75.1% during the 4th quarter. Wellington Management Group LLP now owns 1,262,421 shares of the home improvement retailer’s stock worth $311,566,000 after purchasing an additional 541,305 shares during the last quarter. Finally, Partners in Financial Planning acquired a new position in Lowe’s Companies during the 4th quarter valued at about $579,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on LOW shares. Stifel Nicolaus boosted their price target on shares of Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. Guggenheim reiterated a “buy” rating and set a $300.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. Telsey Advisory Group restated an “outperform” rating and issued a $305.00 price target on shares of Lowe’s Companies in a research report on Wednesday, February 26th. Royal Bank of Canada dropped their price objective on Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating for the company in a report on Thursday, February 27th. Finally, Piper Sandler reduced their target price on Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating on the stock in a report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus price target of $279.71.

Lowe’s Companies Stock Performance

NYSE:LOW opened at $233.38 on Tuesday. The company has a market cap of $130.62 billion, a PE ratio of 19.46, a PEG ratio of 1.96 and a beta of 1.12. The stock has a 50-day simple moving average of $245.01 and a 200 day simple moving average of $257.24. Lowe’s Companies, Inc. has a 52-week low of $211.80 and a 52-week high of $287.01.

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

Lowe’s Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Wednesday, April 23rd. Lowe’s Companies’s payout ratio is 37.67%.

About Lowe’s Companies

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.