Charles Schwab Investment Management Inc. Purchases 41,451 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Charles Schwab Investment Management Inc. increased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,211,131 shares of the home improvement retailer’s stock after purchasing an additional 41,451 shares during the period. Charles Schwab Investment Management Inc. owned 0.56% of Lowe’s Companies worth $714,637,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Clifford Swan Investment Counsel LLC raised its stake in Lowe’s Companies by 0.3% during the 4th quarter. Clifford Swan Investment Counsel LLC now owns 215,442 shares of the home improvement retailer’s stock valued at $47,947,000 after purchasing an additional 541 shares during the period. Harbour Trust & Investment Management Co purchased a new position in Lowe’s Companies during the fourth quarter valued at $5,890,000. Syon Capital LLC increased its holdings in Lowe’s Companies by 23.3% in the 4th quarter. Syon Capital LLC now owns 7,129 shares of the home improvement retailer’s stock valued at $1,587,000 after acquiring an additional 1,345 shares during the last quarter. Biondo Investment Advisors LLC lifted its stake in Lowe’s Companies by 1.0% in the 3rd quarter. Biondo Investment Advisors LLC now owns 60,958 shares of the home improvement retailer’s stock worth $12,669,000 after purchasing an additional 620 shares in the last quarter. Finally, Perigon Wealth Management LLC boosted its holdings in shares of Lowe’s Companies by 18.6% during the 4th quarter. Perigon Wealth Management LLC now owns 3,724 shares of the home improvement retailer’s stock valued at $829,000 after purchasing an additional 584 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

Shares of NYSE:LOW traded down $0.25 during trading hours on Tuesday, hitting $231.45. The company’s stock had a trading volume of 1,912,237 shares, compared to its average volume of 2,453,542. The firm’s fifty day moving average price is $240.00 and its 200 day moving average price is $221.68. Lowe’s Companies, Inc. has a 52 week low of $181.85 and a 52 week high of $262.49. The company has a market capitalization of $132.43 billion, a price-to-earnings ratio of 17.59, a P/E/G ratio of 1.72 and a beta of 1.15.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.09. The business had revenue of $18.60 billion for the quarter, compared to analysts’ expectations of $18.47 billion. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The business’s revenue for the quarter was down 17.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.28 EPS. On average, equities research analysts predict that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date is Tuesday, April 23rd. Lowe’s Companies’s payout ratio is currently 33.43%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LOW. UBS Group boosted their target price on Lowe’s Companies from $250.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Piper Sandler raised their target price on shares of Lowe’s Companies from $218.00 to $245.00 and gave the company an “overweight” rating in a report on Tuesday, January 16th. Mizuho began coverage on shares of Lowe’s Companies in a research note on Tuesday, March 19th. They set a “buy” rating and a $280.00 price target on the stock. Truist Financial lifted their price objective on shares of Lowe’s Companies from $258.00 to $271.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Finally, Citigroup lowered their price target on shares of Lowe’s Companies from $243.00 to $240.00 and set a “neutral” rating for the company in a report on Tuesday. Fifteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $252.67.

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.