FFT Wealth Management LLC Has $253,000 Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

FFT Wealth Management LLC boosted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 5.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,136 shares of the home improvement retailer’s stock after buying an additional 57 shares during the quarter. FFT Wealth Management LLC’s holdings in Lowe’s Companies were worth $253,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the company. Ontario Teachers Pension Plan Board lifted its position in shares of Lowe’s Companies by 187,225.6% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 2,111,159 shares of the home improvement retailer’s stock worth $438,783,000 after purchasing an additional 2,110,032 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Lowe’s Companies in the 4th quarter worth about $430,090,000. Schroder Investment Management Group lifted its holdings in Lowe’s Companies by 189.5% during the third quarter. Schroder Investment Management Group now owns 2,798,268 shares of the home improvement retailer’s stock valued at $581,592,000 after purchasing an additional 1,831,727 shares during the last quarter. Aristotle Capital Management LLC lifted its holdings in shares of Lowe’s Companies by 143.8% in the third quarter. Aristotle Capital Management LLC now owns 1,361,716 shares of the home improvement retailer’s stock worth $283,019,000 after buying an additional 803,216 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of Lowe’s Companies in the third quarter worth approximately $144,530,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Citigroup increased their price objective on Lowe’s Companies from $199.00 to $236.00 and gave the company a “neutral” rating in a research note on Wednesday, February 21st. Truist Financial upped their price target on Lowe’s Companies from $258.00 to $271.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Gordon Haskett reiterated a “hold” rating and issued a $245.00 target price on shares of Lowe’s Companies in a research note on Wednesday, April 3rd. Wedbush raised their price objective on Lowe’s Companies from $215.00 to $250.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Finally, The Goldman Sachs Group lifted their price target on Lowe’s Companies from $238.00 to $262.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. Fifteen equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Lowe’s Companies presently has an average rating of “Hold” and a consensus target price of $252.52.

Lowe’s Companies Stock Up 0.1 %

NYSE:LOW traded up $0.30 during mid-day trading on Thursday, hitting $227.82. 257,846 shares of the stock traded hands, compared to its average volume of 2,458,761. Lowe’s Companies, Inc. has a 12-month low of $181.85 and a 12-month high of $262.49. The company has a market cap of $130.36 billion, a PE ratio of 17.28, a price-to-earnings-growth ratio of 1.69 and a beta of 1.15. The business’s 50-day moving average price is $240.10 and its 200 day moving average price is $220.45.

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

Lowe’s Companies Announces Dividend

The firm also recently declared 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. This represents a $4.40 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio is presently 33.43%.

Lowe’s Companies Company 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.