Tilt Investment Management Holdings PBC Makes New Investment in Lowe’s Companies, Inc. (NYSE:LOW)

Tilt Investment Management Holdings PBC purchased a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,345 shares of the home improvement retailer’s stock, valued at approximately $522,000.

Several other institutional investors have also recently made changes to their positions in the business. Axiom Financial Strategies LLC boosted its stake in shares of Lowe’s Companies by 9.8% during the 1st quarter. Axiom Financial Strategies LLC now owns 1,381 shares of the home improvement retailer’s stock worth $275,000 after acquiring an additional 123 shares during the last quarter. United Bank raised its holdings in Lowe’s Companies by 6.8% in the 1st quarter. United Bank now owns 9,734 shares of the home improvement retailer’s stock worth $1,968,000 after purchasing an additional 617 shares during the period. Prudential PLC purchased a new position in Lowe’s Companies during the first quarter valued at $1,629,000. Baird Financial Group Inc. lifted its position in Lowe’s Companies by 0.4% during the first quarter. Baird Financial Group Inc. now owns 256,098 shares of the home improvement retailer’s stock valued at $51,780,000 after purchasing an additional 920 shares in the last quarter. Finally, Covestor Ltd grew its holdings in Lowe’s Companies by 74.6% during the first quarter. Covestor Ltd now owns 295 shares of the home improvement retailer’s stock valued at $60,000 after purchasing an additional 126 shares during the period. Institutional investors own 74.06% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on LOW. Citigroup raised their price objective on Lowe’s Companies from $199.00 to $236.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 21st. Truist Financial lifted their price target on shares of Lowe’s Companies from $258.00 to $271.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Evercore ISI reduced their price objective on shares of Lowe’s Companies from $280.00 to $275.00 and set an “in-line” rating for the company in a research note on Tuesday. Wedbush lifted their target price on shares of Lowe’s Companies from $215.00 to $250.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Finally, Piper Sandler upped their target price on shares of Lowe’s Companies from $218.00 to $245.00 and gave the stock an “overweight” rating in a report on Tuesday, January 16th. Fifteen analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Lowe’s Companies currently has a consensus rating of “Hold” and an average target price of $252.52.

Lowe’s Companies Trading Up 0.1 %

Shares of NYSE:LOW traded up $0.15 on Thursday, reaching $229.01. The company had a trading volume of 1,066,298 shares, compared to its average volume of 2,539,702. The firm has a market capitalization of $131.03 billion, a PE ratio of 17.39, a PEG ratio of 1.69 and a beta of 1.13. Lowe’s Companies, Inc. has a 52-week low of $181.85 and a 52-week high of $262.49. The firm’s 50 day simple moving average is $239.29 and its 200-day simple moving average is $218.38.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.09. The company had revenue of $18.60 billion for the quarter, compared to analyst estimates of $18.47 billion. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The firm’s quarterly revenue was down 17.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.28 earnings per share. As a group, equities research analysts predict 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 declared a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio is currently 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.