Lowe’s Companies, Inc. (NYSE:LOW) Shares Bought by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE grew its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 14.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,361 shares of the home improvement retailer’s stock after buying an additional 1,882 shares during the period. Congress Wealth Management LLC DE’s holdings in Lowe’s Companies were worth $3,419,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in LOW. Team Hewins LLC acquired a new stake in Lowe’s Companies during the 4th quarter worth approximately $1,787,000. Oxford Asset Management LLP purchased a new position in shares of Lowe’s Companies in the 4th quarter valued at $345,000. Cypress Asset Management Inc. TX purchased a new position in shares of Lowe’s Companies in the 4th quarter valued at $4,351,000. SageView Advisory Group LLC lifted its holdings in shares of Lowe’s Companies by 179.6% during the 4th quarter. SageView Advisory Group LLC now owns 8,980 shares of the home improvement retailer’s stock valued at $1,926,000 after acquiring an additional 5,768 shares in the last quarter. Finally, Enterprise Financial Services Corp boosted its position in Lowe’s Companies by 10.4% during the 4th quarter. Enterprise Financial Services Corp now owns 4,029 shares of the home improvement retailer’s stock worth $897,000 after purchasing an additional 379 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on LOW. Morgan Stanley boosted their price objective on Lowe’s Companies from $240.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. Robert W. Baird raised Lowe’s Companies from an “average” rating to an “outperform” rating and set a $250.00 price target on the stock in a research report on Wednesday, February 14th. StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, May 22nd. Truist Financial reduced their target price on shares of Lowe’s Companies from $271.00 to $265.00 and set a “buy” rating on the stock in a research report on Wednesday, May 22nd. Finally, Gordon Haskett reaffirmed a “hold” rating and set a $245.00 price target on shares of Lowe’s Companies in a report on Wednesday, April 3rd. Fourteen research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $251.33.

Lowe’s Companies Price Performance

Lowe’s Companies stock opened at $215.21 on Monday. Lowe’s Companies, Inc. has a 12 month low of $181.85 and a 12 month high of $262.49. The company has a fifty day moving average price of $236.44 and a two-hundred day moving average price of $225.23. The company has a market cap of $123.14 billion, a PE ratio of 17.29, a P/E/G ratio of 1.65 and a beta of 1.15.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.94 by $0.12. Lowe’s Companies had a net margin of 8.46% and a negative return on equity of 48.52%. The company had revenue of $21.36 billion for the quarter, compared to the consensus estimate of $21.14 billion. During the same period last year, the firm posted $3.67 EPS. The company’s revenue for the quarter was down 4.4% on a year-over-year basis. Equities research analysts anticipate that Lowe’s Companies, Inc. will post 12.23 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend was Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 35.34%.

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.