Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Fidelis Capital Partners LLC
by Amy Steele · The Cerbat GemFidelis Capital Partners LLC reduced its position in Lowe’s Companies, Inc. (NYSE:LOW – Free Report) by 7.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,417 shares of the home improvement retailer’s stock after selling 425 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Lowe’s Companies were worth $1,197,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Gen Wealth Partners Inc lifted its holdings 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 valued at $534,000 after purchasing an additional 40 shares during the last quarter. Peachtree Investment Partners LLC lifted its holdings in shares of Lowe’s Companies by 3.4% during the fourth quarter. Peachtree Investment Partners LLC now owns 1,286 shares of the home improvement retailer’s stock valued at $317,000 after purchasing an additional 42 shares during the last quarter. Second Line Capital LLC lifted its holdings in shares of Lowe’s Companies by 0.9% during the fourth quarter. Second Line Capital LLC now owns 4,793 shares of the home improvement retailer’s stock valued at $1,183,000 after purchasing an additional 44 shares during the last quarter. Dumont & Blake Investment Advisors LLC lifted its holdings in shares of Lowe’s Companies by 1.1% during the first 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. Finally, Peoples Financial Services CORP. lifted its holdings in shares of Lowe’s Companies by 1.8% during the first quarter. Peoples Financial Services CORP. now owns 2,763 shares of the home improvement retailer’s stock valued at $644,000 after purchasing an additional 50 shares during the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities research analysts have recently commented on the company. Stifel Nicolaus reduced their target price on Lowe’s Companies from $250.00 to $240.00 and set a “hold” rating for the company in a report on Tuesday, May 27th. Robert W. Baird reduced their target price on Lowe’s Companies from $295.00 to $285.00 and set an “outperform” rating for the company in a report on Thursday, May 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $305.00 target price on shares of Lowe’s Companies in a report on Wednesday, May 21st. Wells Fargo & Company reduced their target price on Lowe’s Companies from $285.00 to $260.00 and set an “overweight” rating for the company in a report on Thursday, May 8th. Finally, DA Davidson reduced their price objective on Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating for the company in a research note on Thursday, May 22nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $271.12.
Get Our Latest Stock Analysis on Lowe’s Companies
Insider Activity
In other news, EVP Juliette Williams Pryor sold 1,130 shares of the company’s stock in a transaction dated 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 owned 31,898 shares in the company, valued at approximately $7,256,795. This represents a 3.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.27% of the company’s stock.
Lowe’s Companies Price Performance
Shares of LOW stock opened at $224.12 on Friday. Lowe’s Companies, Inc. has a fifty-two week low of $206.39 and a fifty-two week high of $287.01. The stock’s 50-day moving average is $224.14 and its two-hundred day moving average is $234.24. The firm has a market cap of $125.61 billion, a P/E ratio of 18.57, a PEG ratio of 2.15 and a beta of 0.90.
Lowe’s Companies (NYSE:LOW – Get Free Report) last issued its earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share for the quarter, topping the consensus estimate of $2.88 by $0.04. Lowe’s Companies had a negative return on equity of 49.12% and a net margin of 8.22%. The company had revenue of $20.93 billion for the quarter, compared to analyst estimates of $21.09 billion. During the same period in the prior year, the firm posted $3.06 EPS. The business’s revenue was down 2.0% compared to the same quarter last year. As a group, research analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.
Lowe’s Companies Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd will be paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend is Wednesday, July 23rd. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.15. Lowe’s Companies’s dividend payout ratio is 38.11%.
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.
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