Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 4,669 Shares of Lowe’s Companies, Inc. $LOW

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA decreased its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 329,966 shares of the home improvement retailer’s stock after selling 4,669 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned about 0.06% of Lowe’s Companies worth $80,469,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. SeaBridge Investment Advisors LLC boosted its stake in Lowe’s Companies by 3.7% during the second quarter. SeaBridge Investment Advisors LLC now owns 12,888 shares of the home improvement retailer’s stock valued at $2,859,000 after buying an additional 465 shares during the period. QRG Capital Management Inc. boosted its stake in Lowe’s Companies by 2.6% in the second quarter. QRG Capital Management Inc. now owns 154,692 shares of the home improvement retailer’s stock worth $34,322,000 after buying an additional 3,947 shares in the last quarter. Strathmore Capital Advisors Inc. bought a new position in Lowe’s Companies during the second quarter valued at approximately $2,717,000. First Pacific Financial lifted its stake in shares of Lowe’s Companies by 147.3% in the 2nd quarter. First Pacific Financial now owns 2,752 shares of the home improvement retailer’s stock valued at $611,000 after acquiring an additional 1,639 shares during the last quarter. Finally, Prudential Financial Inc. raised its stake in shares of Lowe’s Companies by 0.7% during the second quarter. Prudential Financial Inc. now owns 826,356 shares of the home improvement retailer’s stock valued at $183,344,000 after acquiring an additional 5,820 shares during the last quarter. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Stock Up 4.4%

Shares of NYSE:LOW opened at $267.38 on Monday. The stock has a market capitalization of $149.99 billion, a P/E ratio of 22.17, a PEG ratio of 4.43 and a beta of 0.96. Lowe’s Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $274.98. The firm has a fifty day simple moving average of $240.98 and a two-hundred day simple moving average of $242.85.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, November 26th. The home improvement retailer reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.97 by $0.09. Lowe’s Companies had a net margin of 8.05% and a negative return on equity of 55.86%. The company had revenue of $20.81 billion during the quarter, compared to analyst estimates of $20.88 billion. During the same quarter last year, the business posted $2.89 EPS. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 21st will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, January 21st. This represents a $4.80 dividend on an annualized basis and a yield of 1.8%. Lowe’s Companies’s dividend payout ratio is presently 39.80%.

Wall Street Analysts Forecast Growth

LOW has been the topic of several recent analyst reports. Evercore ISI reissued a “positive” rating on shares of Lowe’s Companies in a research note on Thursday, November 20th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Lowe’s Companies in a report on Monday, December 29th. DA Davidson reduced their price target on shares of Lowe’s Companies from $266.00 to $250.00 and set a “neutral” rating for the company in a research report on Thursday, November 20th. HSBC lowered their price objective on Lowe’s Companies from $285.00 to $263.00 and set a “hold” rating on the stock in a research report on Friday, November 21st. Finally, Truist Financial set a $269.00 target price on Lowe’s Companies in a report on Wednesday, December 17th. Eighteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $277.52.

Lowe’s Companies Profile

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.