Woodmont Investment Counsel LLC Buys 100 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Woodmont Investment Counsel LLC grew its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,786 shares of the home improvement retailer’s stock after acquiring an additional 100 shares during the period. Woodmont Investment Counsel LLC’s holdings in Lowe’s Companies were worth $688,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. IFS Advisors LLC bought a new position in Lowe’s Companies during the fourth quarter valued at $25,000. Legacy Investment Solutions LLC bought a new stake in shares of Lowe’s Companies in the third quarter valued at $27,000. Winch Advisory Services LLC lifted its position in shares of Lowe’s Companies by 56.4% during the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after buying an additional 44 shares during the last quarter. Marshall Investment Management LLC bought a new position in shares of Lowe’s Companies during the 4th quarter worth $31,000. Finally, Millstone Evans Group LLC purchased a new stake in Lowe’s Companies in the 4th quarter worth about $44,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on LOW. Truist Financial dropped their price objective on shares of Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. StockNews.com lowered shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, March 11th. Evercore ISI raised their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a report on Thursday, December 12th. Sanford C. Bernstein boosted their target price on shares of Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Finally, Royal Bank of Canada dropped their target price on 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 equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus target price of $279.71.

Lowe’s Companies Stock Up 2.6 %

NYSE:LOW opened at $233.01 on Tuesday. The firm has a market capitalization of $131.57 billion, a P/E ratio of 19.43, a P/E/G ratio of 1.96 and a beta of 1.12. The company has a fifty day moving average of $247.67 and a 200 day moving average of $257.80. Lowe’s Companies, Inc. has a 52 week low of $211.80 and a 52 week high of $287.01.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.10. The firm had revenue of $18.55 billion for the quarter, compared to analysts’ expectations of $18.29 billion. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. As a group, analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 1.97%. The ex-dividend date is Wednesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is currently 37.67%.

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.