Rodgers Brothers Inc. Has $666,000 Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Rodgers Brothers Inc. raised its position in Lowe’s Companies, Inc. (NYSE:LOW) by 11.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,698 shares of the home improvement retailer’s stock after acquiring an additional 275 shares during the quarter. Rodgers Brothers Inc.’s holdings in Lowe’s Companies were worth $666,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Legacy Investment Solutions LLC acquired a new stake in Lowe’s Companies in the 3rd quarter valued at about $27,000. IFS Advisors LLC acquired a new stake in shares of Lowe’s Companies in the fourth quarter valued at approximately $25,000. Marshall Investment Management LLC bought a new position in shares of Lowe’s Companies during the 4th quarter worth approximately $31,000. Winch Advisory Services LLC raised its stake in Lowe’s Companies by 56.4% in the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after acquiring an additional 44 shares during the period. Finally, Caisse Des Depots ET Consignations acquired a new stake in Lowe’s Companies during the 4th quarter valued at $33,000. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

Lowe’s Companies stock opened at $233.38 on Tuesday. The stock has a market capitalization of $130.62 billion, a P/E ratio of 19.46, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. Lowe’s Companies, Inc. has a 52 week low of $211.80 and a 52 week high of $287.01. The stock has a fifty day moving average of $245.01 and a 200-day moving average of $257.24.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates 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 negative return on equity of 47.55% and a net margin of 8.19%. On average, research analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be paid a $1.15 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a dividend yield of 1.97%. Lowe’s Companies’s dividend payout ratio is 37.67%.

Wall Street Analyst Weigh In

Several research firms have commented on LOW. Stifel Nicolaus upped their price objective on shares of Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. Sanford C. Bernstein raised their price objective on shares of Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Guggenheim reaffirmed a “buy” rating and issued a $300.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. 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 note on Thursday, December 12th. Finally, Truist Financial reduced their price target on Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and an average price target of $279.71.

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.