Lowe’s Companies, Inc. (NYSE:LOW) Shares Purchased by Financial Engines Advisors L.L.C.

Financial Engines Advisors L.L.C. grew its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 171.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,146 shares of the home improvement retailer’s stock after acquiring an additional 2,616 shares during the quarter. Financial Engines Advisors L.L.C.’s holdings in Lowe’s Companies were worth $1,023,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Legacy Investment Solutions LLC bought a new stake in Lowe’s Companies during the 3rd quarter valued at $27,000. IFS Advisors LLC bought a new stake in shares of Lowe’s Companies during the fourth quarter valued at about $25,000. Marshall Investment Management LLC bought a new stake in shares of Lowe’s Companies during the fourth quarter valued at about $31,000. Winch Advisory Services LLC lifted its holdings in Lowe’s Companies by 56.4% in 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 during the period. Finally, Millstone Evans Group LLC bought a new position in Lowe’s Companies in the 4th quarter valued at about $44,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Ratings Changes

LOW has been the subject of a number of research analyst reports. Royal Bank of Canada reduced their price target on shares of Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating for the company in a research note on Thursday, February 27th. Guggenheim reissued a “buy” rating and set a $300.00 target price on shares of Lowe’s Companies in a report on Thursday, December 12th. Piper Sandler decreased their price target on Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating for the company in a research note on Monday. StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Mizuho decreased their target price on Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $279.71.

Lowe’s Companies Stock Up 0.1 %

Shares of NYSE:LOW opened at $232.35 on Friday. The company’s fifty day moving average is $246.24 and its two-hundred day moving average is $257.35. The company has a market cap of $130.05 billion, a P/E ratio of 19.38, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. Lowe’s Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01.

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

Lowe’s Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a dividend yield of 1.98%. Lowe’s Companies’s dividend payout ratio is 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.