Folger Nolan Fleming Douglas Capital Management Inc. Sells 622 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Folger Nolan Fleming Douglas Capital Management Inc. reduced its stake in Lowe’s Companies, Inc. (NYSE:LOWGet Rating) by 0.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 91,067 shares of the home improvement retailer’s stock after selling 622 shares during the period. Lowe’s Companies makes up approximately 2.1% of Folger Nolan Fleming Douglas Capital Management Inc.’s investment portfolio, making the stock its 11th biggest position. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Lowe’s Companies were worth $15,907,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Joseph P. Lucia & Associates LLC acquired a new position in shares of Lowe’s Companies during the first quarter worth $27,000. Macroview Investment Management LLC increased its holdings in Lowe’s Companies by 49.1% in the first quarter. Macroview Investment Management LLC now owns 158 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 52 shares during the period. Delos Wealth Advisors LLC increased its holdings in Lowe’s Companies by 388.2% in the fourth quarter. Delos Wealth Advisors LLC now owns 166 shares of the home improvement retailer’s stock valued at $43,000 after purchasing an additional 132 shares during the period. O Dell Group LLC acquired a new stake in Lowe’s Companies in the first quarter valued at $34,000. Finally, Compagnie Lombard Odier SCmA increased its holdings in Lowe’s Companies by 100.0% in the first quarter. Compagnie Lombard Odier SCmA now owns 180 shares of the home improvement retailer’s stock valued at $36,000 after purchasing an additional 90 shares during the period. 74.04% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Lowe’s Companies

In related news, EVP Seemantini Godbole sold 11,761 shares of the business’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $214.37, for a total transaction of $2,521,205.57. Following the transaction, the executive vice president now owns 26,575 shares in the company, valued at $5,696,882.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.24% of the company’s stock.

Lowe’s Companies Price Performance

Lowe’s Companies stock traded down $1.96 during mid-day trading on Friday, hitting $186.16. The company’s stock had a trading volume of 111,092 shares, compared to its average volume of 3,715,737. The stock has a market cap of $115.55 billion, a price-to-earnings ratio of 14.82, a price-to-earnings-growth ratio of 1.06 and a beta of 1.22. The business has a 50 day moving average price of $198.00 and a 200-day moving average price of $197.74. Lowe’s Companies, Inc. has a 12 month low of $170.12 and a 12 month high of $263.31.

Lowe’s Companies (NYSE:LOWGet Rating) last posted its quarterly earnings results on Wednesday, August 17th. The home improvement retailer reported $4.67 earnings per share for the quarter, topping the consensus estimate of $4.63 by $0.04. Lowe’s Companies had a net margin of 8.83% and a negative return on equity of 155.26%. The business had revenue of $27.48 billion during the quarter, compared to the consensus estimate of $28.16 billion. During the same period in the previous year, the firm posted $4.25 earnings per share. The firm’s revenue for the quarter was down .3% on a year-over-year basis. On average, equities research analysts expect that Lowe’s Companies, Inc. will post 13.51 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 2nd. Shareholders of record on Wednesday, October 19th will be given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend is Tuesday, October 18th. Lowe’s Companies’s payout ratio is 33.10%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. MKM Partners increased their price target on Lowe’s Companies from $190.00 to $220.00 and gave the stock a “neutral” rating in a report on Thursday, August 18th. Truist Financial increased their price objective on shares of Lowe’s Companies from $237.00 to $263.00 and gave the stock a “buy” rating in a research report on Thursday, August 18th. Piper Sandler increased their price objective on shares of Lowe’s Companies to $248.00 in a research report on Monday, August 22nd. TheStreet raised shares of Lowe’s Companies from a “c+” rating to a “b” rating in a research report on Monday, August 29th. Finally, Jefferies Financial Group raised their price target on shares of Lowe’s Companies from $238.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, August 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $244.05.

About Lowe’s Companies

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Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States and internationally. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It 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, lighting, and electrical.

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Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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