O Brien Greene & Co. Inc Purchases 300 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

O Brien Greene & Co. Inc increased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 1.4% during the fourth quarter, Holdings Channel reports. The firm owned 21,280 shares of the home improvement retailer’s stock after buying an additional 300 shares during the quarter. Lowe’s Companies makes up approximately 1.7% of O Brien Greene & Co. Inc’s portfolio, making the stock its 27th largest holding. O Brien Greene & Co. Inc’s holdings in Lowe’s Companies were worth $4,736,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Harbour Trust & Investment Management Co bought a new position in Lowe’s Companies in the 4th quarter valued at about $5,890,000. Biondo Investment Advisors LLC raised its holdings in Lowe’s Companies by 1.0% in the 3rd quarter. Biondo Investment Advisors LLC now owns 60,958 shares of the home improvement retailer’s stock valued at $12,669,000 after acquiring an additional 620 shares during the period. Syon Capital LLC raised its holdings in Lowe’s Companies by 23.3% in the 4th quarter. Syon Capital LLC now owns 7,129 shares of the home improvement retailer’s stock valued at $1,587,000 after acquiring an additional 1,345 shares during the period. Perigon Wealth Management LLC raised its holdings in Lowe’s Companies by 18.6% in the 4th quarter. Perigon Wealth Management LLC now owns 3,724 shares of the home improvement retailer’s stock valued at $829,000 after acquiring an additional 584 shares during the period. Finally, Legacy CG LLC raised its holdings in Lowe’s Companies by 25.0% in the 4th quarter. Legacy CG LLC now owns 22,948 shares of the home improvement retailer’s stock valued at $5,107,000 after acquiring an additional 4,583 shares during the period. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Stock Performance

Lowe’s Companies stock opened at $229.87 on Friday. Lowe’s Companies, Inc. has a fifty-two week low of $181.85 and a fifty-two week high of $262.49. The stock has a market cap of $131.53 billion, a PE ratio of 17.47, a price-to-earnings-growth ratio of 1.70 and a beta of 1.13. The firm’s 50-day simple moving average is $239.98 and its 200 day simple moving average is $219.70.

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

Lowe’s Companies Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LOW. Evercore ISI lowered their price target on shares of Lowe’s Companies from $280.00 to $275.00 and set an “in-line” rating on the stock in a report on Tuesday, April 16th. Royal Bank of Canada raised their target price on shares of Lowe’s Companies from $190.00 to $246.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 28th. Morgan Stanley raised their target price on shares of Lowe’s Companies from $240.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. The Goldman Sachs Group raised their target price on shares of Lowe’s Companies from $238.00 to $262.00 and gave the stock a “buy” rating in a report on Tuesday, February 13th. Finally, Truist Financial raised their target price on shares of Lowe’s Companies from $258.00 to $271.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Fifteen investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $252.52.

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.