Lowe’s Companies, Inc. (NYSE:LOW) Shares Bought by Hancock Whitney Corp

Hancock Whitney Corp lifted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,957 shares of the home improvement retailer’s stock after purchasing an additional 119 shares during the period. Hancock Whitney Corp’s holdings in Lowe’s Companies were worth $1,223,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of LOW. IFS Advisors LLC purchased a new position in shares of Lowe’s Companies in the 4th quarter valued at about $25,000. Winch Advisory Services LLC raised its holdings in Lowe’s Companies by 56.4% during the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after purchasing an additional 44 shares in the last quarter. Marshall Investment Management LLC purchased a new stake in shares of Lowe’s Companies during the 4th quarter worth approximately $31,000. Caisse Des Depots ET Consignations acquired a new position in shares of Lowe’s Companies in the 4th quarter valued at $33,000. Finally, Millstone Evans Group LLC acquired a new stake in Lowe’s Companies during the 4th quarter worth $44,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. BNP Paribas upgraded shares of Lowe’s Companies to a “strong sell” rating in a research note on Thursday, February 27th. Piper Sandler decreased their target price on Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating for the company in a research report on Monday, March 24th. StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Tuesday, April 15th. KeyCorp upgraded Lowe’s Companies from a “sector weight” rating to an “overweight” rating and set a $266.00 price objective for the company in a research note on Friday. Finally, Royal Bank of Canada lowered their target price on shares of Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $278.21.

Lowe’s Companies Stock Performance

Lowe’s Companies stock opened at $220.95 on Friday. Lowe’s Companies, Inc. has a one year low of $206.39 and a one year high of $287.01. The company has a market cap of $123.67 billion, a P/E ratio of 18.43, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07. The business has a fifty day moving average of $229.29 and a two-hundred day moving average of $250.97.

Lowe’s Companies (NYSE:LOW) last released 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. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The firm had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion. Sell-side analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 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.