Lowe’s Companies, Inc. (NYSE:LOW) Stock Holdings Raised by First Manhattan CO. LLC.

First Manhattan CO. LLC. raised its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,223,493 shares of the home improvement retailer’s stock after buying an additional 68,237 shares during the quarter. Lowe’s Companies comprises 0.9% of First Manhattan CO. LLC.’s portfolio, making the stock its 16th largest position. First Manhattan CO. LLC. owned approximately 0.21% of Lowe’s Companies worth $244,662,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Morgan Stanley lifted its stake in Lowe’s Companies by 21.3% during the fourth quarter. Morgan Stanley now owns 11,690,606 shares of the home improvement retailer’s stock worth $2,329,237,000 after purchasing an additional 2,050,089 shares during the last quarter. Norges Bank acquired a new stake in shares of Lowe’s Companies during the 4th quarter worth approximately $1,461,267,000. Moneta Group Investment Advisors LLC raised its position in shares of Lowe’s Companies by 107,710.7% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 5,080,039 shares of the home improvement retailer’s stock worth $1,012,147,000 after purchasing an additional 5,075,327 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Lowe’s Companies by 0.3% in the 4th quarter. Franklin Resources Inc. now owns 3,623,125 shares of the home improvement retailer’s stock worth $721,871,000 after purchasing an additional 10,340 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in Lowe’s Companies by 11.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,704,721 shares of the home improvement retailer’s stock valued at $538,889,000 after purchasing an additional 273,884 shares during the period. Institutional investors own 71.88% of the company’s stock.

Insider Buying and Selling

In other Lowe’s Companies news, EVP Janice Dupre sold 5,380 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $231.28, for a total value of $1,244,286.40. Following the completion of the sale, the executive vice president now directly owns 24,216 shares of the company’s stock, valued at $5,600,676.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Joseph Michael Mcfarland sold 4,500 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 46,594 shares of the company’s stock, valued at approximately $10,368,562.82. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Janice Dupre sold 5,380 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $231.28, for a total value of $1,244,286.40. Following the completion of the transaction, the executive vice president now directly owns 24,216 shares in the company, valued at $5,600,676.48. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by corporate insiders.

Lowe’s Companies Price Performance

NYSE LOW traded up $0.75 on Tuesday, hitting $232.66. 830,829 shares of the company were exchanged, compared to its average volume of 2,787,321. Lowe’s Companies, Inc. has a twelve month low of $176.50 and a twelve month high of $237.21. The firm has a market capitalization of $134.27 billion, a P/E ratio of 22.83, a price-to-earnings-growth ratio of 1.52 and a beta of 1.09. The company’s 50 day moving average price is $227.60 and its 200-day moving average price is $212.95.

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

Lowe’s Companies Dividend Announcement

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

Analyst Upgrades and Downgrades

LOW has been the topic of a number of recent research reports. TD Cowen raised their target price on 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. Bank of America raised their price target on shares of Lowe’s Companies from $278.00 to $289.00 and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Wedbush reiterated a “neutral” rating and set a $230.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, August 23rd. 888 restated a “maintains” rating on shares of Lowe’s Companies in a research report on Wednesday, May 17th. Finally, Truist Financial boosted their price target on Lowe’s Companies from $249.00 to $256.00 and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, Lowe’s Companies has an average rating of “Hold” and a consensus price target of $237.48.

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.