Marquette Asset Management LLC Sells 69 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Marquette Asset Management LLC trimmed its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,511 shares of the home improvement retailer’s stock after selling 69 shares during the period. Marquette Asset Management LLC’s holdings in Lowe’s Companies were worth $336,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Wetzel Investment Advisors Inc. bought a new stake in shares of Lowe’s Companies during the 4th quarter worth $25,000. Orion Capital Management LLC purchased a new stake in Lowe’s Companies in the 3rd quarter worth about $26,000. VisionPoint Advisory Group LLC increased its holdings in Lowe’s Companies by 85.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 70 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new stake in Lowe’s Companies in the 3rd quarter worth about $40,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new stake in Lowe’s Companies in the 4th quarter worth about $47,000. 74.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Truist Financial lifted their price objective on Lowe’s Companies from $258.00 to $271.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Wedbush lifted their price objective on Lowe’s Companies from $215.00 to $250.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. The Goldman Sachs Group lifted their price objective on Lowe’s Companies from $238.00 to $262.00 and gave the stock a “buy” rating in a report on Tuesday, February 13th. JPMorgan Chase & Co. lifted their target price on Lowe’s Companies from $265.00 to $268.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. Finally, UBS Group lifted their target price on Lowe’s Companies from $250.00 to $270.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. Fifteen analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Hold” and an average price target of $252.52.

Lowe’s Companies Stock Performance

NYSE:LOW traded down $0.09 during mid-day trading on Friday, reaching $229.87. The stock had a trading volume of 2,001,196 shares, compared to its average volume of 2,110,073. The firm has a 50 day moving average price of $239.98 and a two-hundred day moving average price of $219.82. The stock has a market capitalization of $131.53 billion, a P/E ratio of 17.47, a P/E/G ratio of 1.70 and a beta of 1.13. Lowe’s Companies, Inc. has a one year low of $181.85 and a one year high of $262.49.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.09. The company had revenue of $18.60 billion during the quarter, compared to the consensus estimate of $18.47 billion. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. Lowe’s Companies’s quarterly revenue was down 17.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.28 EPS. Research analysts forecast that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be given a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $4.40 dividend on an annualized basis and a yield of 1.91%. Lowe’s Companies’s payout ratio is 33.43%.

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.