Private Trust Co. NA Reduces Position in Lowe’s Companies, Inc. (NYSE:LOW)

by · The Cerbat Gem

Private Trust Co. NA decreased its position in Lowe’s Companies, Inc. (NYSE:LOW – Free Report) by 1.2% during the 1st quarter, Holdings Channel reports. The firm owned 7,563 shares of the home improvement retailer’s stock after selling 95 shares during the period. Private Trust Co. NA’s holdings in Lowe’s Companies were worth $1,764,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Gen Wealth Partners Inc lifted its stake in shares of Lowe’s Companies by 1.9% during the fourth quarter. Gen Wealth Partners Inc now owns 2,163 shares of the home improvement retailer’s stock worth $534,000 after buying an additional 40 shares during the period. Peachtree Investment Partners LLC raised its stake in Lowe’s Companies by 3.4% in the 4th quarter. Peachtree Investment Partners LLC now owns 1,286 shares of the home improvement retailer’s stock worth $317,000 after acquiring an additional 42 shares during the last quarter. Second Line Capital LLC lifted its position in Lowe’s Companies by 0.9% during the 4th quarter. Second Line Capital LLC now owns 4,793 shares of the home improvement retailer’s stock worth $1,183,000 after acquiring an additional 44 shares during the period. Lindbrook Capital LLC grew its stake in Lowe’s Companies by 0.6% during the 4th quarter. Lindbrook Capital LLC now owns 7,509 shares of the home improvement retailer’s stock valued at $1,853,000 after purchasing an additional 46 shares during the last quarter. Finally, Dumont & Blake Investment Advisors LLC grew its stake in Lowe’s Companies by 1.1% during the 1st quarter. Dumont & Blake Investment Advisors LLC now owns 4,570 shares of the home improvement retailer’s stock valued at $1,066,000 after purchasing an additional 49 shares during the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Price Performance

Lowe’s Companies stock opened at $228.00 on Friday. The stock has a market capitalization of $127.78 billion, a PE ratio of 18.89, a price-to-earnings-growth ratio of 2.14 and a beta of 0.90. The business has a 50 day simple moving average of $223.84 and a 200-day simple moving average of $235.23. Lowe’s Companies, Inc. has a 12 month low of $206.39 and a 12 month high of $287.01.

Lowe’s Companies (NYSE:LOW – Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share for the quarter, topping analysts’ consensus estimates of $2.88 by $0.04. The company had revenue of $20.93 billion during the quarter, compared to analysts’ expectations of $21.09 billion. Lowe’s Companies had a net margin of 8.22% and a negative return on equity of 49.12%. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $3.06 earnings per share. On average, equities research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd will be paid a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, July 23rd. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $1.15. This represents a $4.80 dividend on an annualized basis and a yield of 2.11%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 38.11%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on LOW shares. Piper Sandler reduced their price objective on Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating for the company in a research note on Monday, March 24th. Stifel Nicolaus cut their price target on shares of Lowe’s Companies from $250.00 to $240.00 and set a “hold” rating on the stock in a report on Tuesday, May 27th. Telsey Advisory Group restated an “outperform” rating and set a $305.00 price objective on shares of Lowe’s Companies in a research note on Wednesday, May 21st. Wells Fargo & Company dropped their price objective on shares of Lowe’s Companies from $285.00 to $260.00 and set an “overweight” rating on the stock in a report on Thursday, May 8th. Finally, Citigroup reissued a “neutral” rating and set a $253.00 target price (down previously from $269.00) on shares of Lowe’s Companies in a report on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and an average target price of $271.12.

Read Our Latest Report on LOW

Insider Transactions at Lowe’s Companies

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 1,130 shares of the business’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $227.50, for a total transaction of $257,075.00. Following the completion of the sale, the executive vice president directly owned 31,898 shares in the company, valued at approximately $7,256,795. The trade was a 3.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.27% of the company’s stock.

Lowe’s Companies Profile

(Free Report)

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.

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