Norinchukin Bank The Boosts Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Norinchukin Bank The increased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 1.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,746 shares of the home improvement retailer’s stock after purchasing an additional 455 shares during the quarter. Norinchukin Bank The’s holdings in Lowe’s Companies were worth $7,948,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Axiom Financial Strategies LLC raised its position in shares of Lowe’s Companies by 9.8% in the 1st quarter. Axiom Financial Strategies LLC now owns 1,381 shares of the home improvement retailer’s stock valued at $275,000 after purchasing an additional 123 shares in the last quarter. United Bank boosted its stake in Lowe’s Companies by 6.8% during the 1st quarter. United Bank now owns 9,734 shares of the home improvement retailer’s stock valued at $1,968,000 after acquiring an additional 617 shares during the last quarter. Prudential PLC bought a new position in Lowe’s Companies during the 1st quarter valued at $1,629,000. Baird Financial Group Inc. grew its holdings in Lowe’s Companies by 0.4% during the 1st quarter. Baird Financial Group Inc. now owns 256,098 shares of the home improvement retailer’s stock worth $51,780,000 after acquiring an additional 920 shares in the last quarter. Finally, Covestor Ltd increased its position in shares of Lowe’s Companies by 74.6% in the 1st quarter. Covestor Ltd now owns 295 shares of the home improvement retailer’s stock worth $60,000 after purchasing an additional 126 shares during the last quarter. 71.88% of the stock is currently owned by hedge funds and other institutional investors.

Lowe’s Companies Price Performance

Shares of LOW traded up $2.03 during midday trading on Friday, reaching $232.51. The stock had a trading volume of 2,562,017 shares, compared to its average volume of 2,816,283. The company has a market capitalization of $136.25 billion, a P/E ratio of 22.88, a P/E/G ratio of 1.45 and a beta of 1.09. The firm’s 50 day moving average price is $226.55 and its 200-day moving average price is $211.98. Lowe’s Companies, Inc. has a 52 week low of $176.50 and a 52 week high of $237.21.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Tuesday, August 22nd. The home improvement retailer reported $4.56 earnings per share for the quarter, topping analysts’ consensus estimates of $4.49 by $0.07. The firm had revenue of $24.96 billion during the quarter, compared to analysts’ expectations of $24.97 billion. Lowe’s Companies had a net margin of 6.48% and a negative return on equity of 58.56%. The firm’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same period last year, the firm posted $4.67 earnings per share. On average, equities analysts forecast that Lowe’s Companies, Inc. will post 13.45 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Wednesday, October 25th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Tuesday, October 24th. Lowe’s Companies’s dividend payout ratio (DPR) is 43.31%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Piper Sandler lifted their price target on Lowe’s Companies from $230.00 to $262.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 23rd. Wells Fargo & Company lifted their target price on Lowe’s Companies from $245.00 to $250.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 23rd. Loop Capital raised their price objective on Lowe’s Companies from $215.00 to $225.00 and gave the stock a “hold” rating in a research note on Wednesday, August 23rd. TD Cowen boosted their target price on shares of Lowe’s Companies from $225.00 to $230.00 and gave the company a “market perform” rating in a research note on Wednesday, August 23rd. Finally, Truist Financial lifted their price target on shares of Lowe’s Companies from $249.00 to $256.00 and gave the company a “buy” rating in a report on Wednesday, August 23rd. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $234.89.

Insider Buying and Selling

In related news, EVP Joseph Michael Mcfarland sold 4,500 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $222.53, for a total transaction of $1,001,385.00. Following the completion of the sale, the executive vice president now directly owns 46,594 shares in the company, valued at $10,368,562.82. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

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.