Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC cut its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,606 shares of the home improvement retailer’s stock after selling 244 shares during the period. Fidelis Capital Partners LLC’s holdings in Lowe’s Companies were worth $1,067,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of LOW. 9258 Wealth Management LLC lifted its position in Lowe’s Companies by 24.8% in the fourth quarter. 9258 Wealth Management LLC now owns 2,387 shares of the home improvement retailer’s stock valued at $531,000 after buying an additional 474 shares during the last quarter. Gryphon Financial Partners LLC lifted its holdings in shares of Lowe’s Companies by 10.6% in the 4th quarter. Gryphon Financial Partners LLC now owns 1,441 shares of the home improvement retailer’s stock worth $315,000 after acquiring an additional 138 shares during the last quarter. TrinityPoint Wealth LLC boosted its position in shares of Lowe’s Companies by 1.5% during the 4th quarter. TrinityPoint Wealth LLC now owns 6,887 shares of the home improvement retailer’s stock worth $1,533,000 after purchasing an additional 101 shares during the period. Congress Wealth Management LLC DE increased its holdings in Lowe’s Companies by 14.0% in the 4th quarter. Congress Wealth Management LLC DE now owns 15,361 shares of the home improvement retailer’s stock valued at $3,419,000 after purchasing an additional 1,882 shares during the last quarter. Finally, Hsbc Holdings PLC raised its position in Lowe’s Companies by 1.4% in the fourth quarter. Hsbc Holdings PLC now owns 1,033,887 shares of the home improvement retailer’s stock valued at $230,037,000 after purchasing an additional 14,522 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Morgan Stanley lifted their price objective on Lowe’s Companies from $250.00 to $255.00 and gave the company an “overweight” rating in a research note on Wednesday, August 21st. Bank of America dropped their target price on Lowe’s Companies from $280.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, August 21st. Truist Financial increased their price target on shares of Lowe’s Companies from $265.00 to $269.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. JPMorgan Chase & Co. dropped their price objective on shares of Lowe’s Companies from $272.00 to $270.00 and set an “overweight” rating for the company in a report on Wednesday, August 21st. Finally, UBS Group increased their target price on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Twelve analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Lowe’s Companies presently has a consensus rating of “Hold” and a consensus target price of $253.48.

Insider Buying and Selling

In other Lowe’s Companies news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $248.82, for a total value of $1,684,262.58. Following the completion of the sale, the chief accounting officer now owns 9,383 shares in the company, valued at $2,334,678.06. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.26% of the stock is currently owned by company insiders.

Lowe’s Companies Trading Down 0.3 %

LOW stock opened at $260.14 on Monday. The stock has a market cap of $148.24 billion, a P/E ratio of 20.89, a PEG ratio of 2.03 and a beta of 1.10. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49. The company’s 50 day moving average is $243.58 and its two-hundred day moving average is $235.32.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 EPS for the quarter, topping the consensus estimate of $3.96 by $0.14. Lowe’s Companies had a net margin of 8.25% and a negative return on equity of 47.07%. The firm had revenue of $23.59 billion for the quarter, compared to analyst estimates of $23.93 billion. During the same period last year, the business earned $4.56 EPS. Lowe’s Companies’s revenue for the quarter was down 5.5% compared to the same quarter last year. On average, equities research analysts predict that Lowe’s Companies, Inc. will post 11.93 earnings per share for the current year.

Lowe’s Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd will be issued a $1.15 dividend. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.15. This represents a $4.60 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Wednesday, October 23rd. Lowe’s Companies’s payout ratio is presently 36.95%.

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.