RNC Capital Management LLC increased its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 36,455 shares of the home improvement retailer’s stock after buying an additional 161 shares during the quarter. RNC Capital Management LLC’s holdings in Lowe’s Companies were worth $5,851,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Triton Wealth Management PLLC raised its stake in Lowe’s Companies by 3.9% during the 3rd quarter. Triton Wealth Management PLLC now owns 1,535 shares of the home improvement retailer’s stock valued at $258,000 after acquiring an additional 58 shares in the last quarter. Strategic Wealth Management Group LLC raised its stake in Lowe’s Companies by 3.8% during the 3rd quarter. Strategic Wealth Management Group LLC now owns 1,697 shares of the home improvement retailer’s stock valued at $281,000 after acquiring an additional 62 shares in the last quarter. JJJ Advisors Inc. increased its position in shares of Lowe’s Companies by 19.6% during the 3rd quarter. JJJ Advisors Inc. now owns 391 shares of the home improvement retailer’s stock valued at $65,000 after purchasing an additional 64 shares during the period. Seeyond increased its position in shares of Lowe’s Companies by 0.6% during the 3rd quarter. Seeyond now owns 11,277 shares of the home improvement retailer’s stock valued at $1,870,000 after purchasing an additional 67 shares during the period. Finally, Ellenbecker Investment Group increased its position in shares of Lowe’s Companies by 5.1% during the 4th quarter. Ellenbecker Investment Group now owns 1,380 shares of the home improvement retailer’s stock valued at $221,000 after purchasing an additional 67 shares during the period. Institutional investors and hedge funds own 66.32% of the company’s stock.

LOW has been the topic of several research analyst reports. KeyCorp lifted their price target on Lowe’s Companies from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, October 21st. Loop Capital lifted their price target on Lowe’s Companies from $180.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, September 23rd. They noted that the move was a valuation call. Zacks Investment Research cut Lowe’s Companies from a “buy” rating to a “hold” rating and set a $166.00 price target on the stock. in a research report on Thursday, November 12th. BidaskClub cut Lowe’s Companies from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 5th. Finally, Jefferies Financial Group lifted their price target on Lowe’s Companies from $202.00 to $207.00 and gave the company a “buy” rating in a research report on Thursday, December 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty-nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $171.82.

LOW traded up $0.84 during trading on Wednesday, reaching $169.83. 3,238,672 shares of the stock traded hands, compared to its average volume of 4,436,898. The stock has a market cap of $124.44 billion, a price-to-earnings ratio of 24.02, a price-to-earnings-growth ratio of 1.12 and a beta of 1.37. Lowe’s Companies, Inc. has a fifty-two week low of $60.00 and a fifty-two week high of $180.67. The company has a debt-to-equity ratio of 5.20, a current ratio of 1.38 and a quick ratio of 0.57. The stock’s 50-day simple moving average is $159.72 and its two-hundred day simple moving average is $157.66.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Tuesday, November 17th. The home improvement retailer reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.97 by $0.01. Lowe’s Companies had a return on equity of 211.33% and a net margin of 6.29%. The company had revenue of $22.31 billion during the quarter, compared to analysts’ expectations of $21.08 billion. During the same quarter in the previous year, the firm earned $1.41 earnings per share. Research analysts anticipate that Lowe’s Companies, Inc. will post 8.7 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 3rd. Shareholders of record on Wednesday, January 20th will be given a $0.60 dividend. The ex-dividend date is Tuesday, January 19th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.41%. Lowe’s Companies’s dividend payout ratio is currently 41.96%.

Lowe’s Companies Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as appliances, décor, paint, hardware, millwork, lawn and garden, lighting, lumber and building materials, flooring, kitchens and bath, rough plumbing and electrical, seasonal and outdoor living, and tools.

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Institutional Ownership by Quarter for Lowe`s Companies (NYSE:LOW)

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