Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by SFE Investment Counsel

SFE Investment Counsel trimmed its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 45,099 shares of the home improvement retailer’s stock after selling 1,330 shares during the quarter. Lowe’s Companies makes up 2.4% of SFE Investment Counsel’s portfolio, making the stock its 8th biggest holding. SFE Investment Counsel’s holdings in Lowe’s Companies were worth $8,748,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in LOW. Geode Capital Management LLC boosted its holdings in shares of Lowe’s Companies by 3.5% in the 1st quarter. Geode Capital Management LLC now owns 10,792,701 shares of the home improvement retailer’s stock valued at $2,046,670,000 after purchasing an additional 369,456 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Lowe’s Companies by 9.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 7,053,442 shares of the home improvement retailer’s stock valued at $1,341,424,000 after purchasing an additional 586,207 shares during the last quarter. Lazard Asset Management LLC grew its stake in Lowe’s Companies by 1.9% during the 1st quarter. Lazard Asset Management LLC now owns 6,626,477 shares of the home improvement retailer’s stock valued at $1,260,221,000 after purchasing an additional 123,752 shares in the last quarter. Franklin Resources Inc. increased its holdings in Lowe’s Companies by 2.9% during the 1st quarter. Franklin Resources Inc. now owns 4,354,645 shares of the home improvement retailer’s stock worth $828,166,000 after purchasing an additional 121,854 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Lowe’s Companies by 46.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,075,093 shares of the home improvement retailer’s stock valued at $584,821,000 after purchasing an additional 973,815 shares in the last quarter. Hedge funds and other institutional investors own 72.80% of the company’s stock.

Several equities research analysts recently issued reports on LOW shares. DA Davidson reissued a “buy” rating on shares of Lowe’s Companies in a research report on Thursday, August 19th. Royal Bank of Canada increased their price objective on shares of Lowe’s Companies from $234.00 to $240.00 and gave the stock an “outperform” rating in a research note on Thursday, May 20th. Truist Securities lifted their target price on Lowe’s Companies from $185.00 to $217.00 and gave the company a “buy” rating in a research note on Thursday, May 20th. Bank of America reiterated a “buy” rating and set a $250.00 price target on shares of Lowe’s Companies in a research report on Wednesday, May 19th. Finally, Oppenheimer upgraded Lowe’s Companies from a “market perform” rating to an “outperform” rating and set a $235.00 price objective for the company in a research note on Wednesday, May 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $216.26.

Lowe’s Companies stock traded up $0.65 on Wednesday, hitting $204.82. The company’s stock had a trading volume of 86,598 shares, compared to its average volume of 3,904,635. Lowe’s Companies, Inc. has a one year low of $146.72 and a one year high of $215.22. The firm has a market cap of $141.82 billion, a P/E ratio of 21.07, a price-to-earnings-growth ratio of 1.26 and a beta of 1.34. The company has a fifty day moving average price of $197.79 and a 200-day moving average price of $192.88. The company has a quick ratio of 0.36, a current ratio of 1.16 and a debt-to-equity ratio of 49.23.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Tuesday, August 17th. The home improvement retailer reported $4.25 EPS for the quarter, topping the consensus estimate of $4.01 by $0.24. Lowe’s Companies had a return on equity of 541.39% and a net margin of 7.41%. The company had revenue of $27.57 billion for the quarter, compared to analysts’ expectations of $26.76 billion. During the same quarter in the prior year, the business earned $3.75 earnings per share. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. Analysts anticipate that Lowe’s Companies, Inc. will post 11.26 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 3rd. Investors of record on Wednesday, October 20th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Tuesday, October 19th. Lowe’s Companies’s dividend payout ratio (DPR) is currently 36.12%.

About Lowe’s Companies

Lowe’s Cos., Inc engages in the retail sale of home improvement products. The firm offers products for maintenance, repair, remodelling, home decorating and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows and doors.

Further Reading: Forex

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

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