Burling Wealth Partners LLC Makes New Investment in Lowe’s Companies, Inc. (NYSE:LOW)

Burling Wealth Partners LLC bought a new stake in Lowe’s Companies, Inc. (NYSE:LOW) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,888 shares of the home improvement retailer’s stock, valued at approximately $466,000.

A number of other hedge funds have also recently modified their holdings of LOW. IFS Advisors LLC purchased a new position in shares of Lowe’s Companies during the fourth quarter worth about $25,000. Winch Advisory Services LLC grew its stake in Lowe’s Companies by 56.4% during the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after buying an additional 44 shares during the last quarter. Marshall Investment Management LLC acquired a new position in Lowe’s Companies during the fourth quarter worth approximately $31,000. Caisse Des Depots ET Consignations purchased a new stake in Lowe’s Companies in the fourth quarter valued at approximately $33,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of Lowe’s Companies in the fourth quarter valued at approximately $44,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on LOW shares. BNP Paribas raised shares of Lowe’s Companies to a “strong sell” rating in a report on Thursday, February 27th. Piper Sandler reduced their target price on shares of Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating for the company in a report on Monday, March 24th. Mizuho lowered their price target on Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $305.00 price objective on shares of Lowe’s Companies in a research note on Tuesday, April 15th. Finally, Royal Bank of Canada lowered their target price on Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $278.74.

Lowe’s Companies Stock Performance

LOW opened at $222.31 on Friday. Lowe’s Companies, Inc. has a one year low of $206.39 and a one year high of $287.01. The company has a market cap of $124.43 billion, a price-to-earnings ratio of 18.54, a PEG ratio of 1.96 and a beta of 1.07. The business’s fifty day moving average is $229.89 and its two-hundred day moving average is $251.33.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, topping the consensus estimate of $1.83 by $0.10. The business had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. On average, analysts predict that Lowe’s Companies, Inc. will post 11.9 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 7th. Shareholders of record on Wednesday, April 23rd will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 37.67%.

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.