Martingale Asset Management L P Has $4.29 Million Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Martingale Asset Management L P increased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 32.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,386 shares of the home improvement retailer’s stock after buying an additional 4,280 shares during the period. Martingale Asset Management L P’s holdings in Lowe’s Companies were worth $4,291,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. IFS Advisors LLC acquired a new position in Lowe’s Companies during the 4th quarter valued at about $25,000. Winch Advisory Services LLC boosted 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 valued at $30,000 after purchasing an additional 44 shares during the last quarter. Marshall Investment Management LLC acquired a new position in Lowe’s Companies during the 4th quarter valued at about $31,000. Caisse Des Depots ET Consignations acquired a new position in Lowe’s Companies during the 4th quarter valued at about $33,000. Finally, Millstone Evans Group LLC bought a new position in shares of Lowe’s Companies during the 4th quarter worth approximately $44,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Trading Up 5.6 %

Shares of NYSE:LOW opened at $223.48 on Thursday. The company has a market capitalization of $125.08 billion, a price-to-earnings ratio of 18.64, a PEG ratio of 1.96 and a beta of 1.07. Lowe’s Companies, Inc. has a 12 month low of $206.39 and a 12 month high of $287.01. The firm’s 50-day moving average is $237.70 and its 200 day moving average is $254.99.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.10. The company had revenue of $18.55 billion during the quarter, compared to analysts’ expectations of $18.29 billion. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. As a group, equities analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be given a $1.15 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a dividend yield of 2.06%. Lowe’s Companies’s payout ratio is presently 37.67%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Wedbush reissued a “neutral” rating and set a $250.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. Stifel Nicolaus lifted their price target on shares of Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Royal Bank of Canada lowered their price target on shares of Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating on the stock in a report on Thursday, February 27th. Piper Sandler lowered their price target on shares of Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating on the stock in a report on Monday, March 24th. Finally, Evercore ISI increased their target price on Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $278.74.

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.