Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Buckley Wealth Management LLC

Buckley Wealth Management LLC trimmed its position in Lowe’s Companies, Inc. (NYSE:LOW) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,696 shares of the home improvement retailer’s stock after selling 157 shares during the period. Lowe’s Companies makes up approximately 0.7% of Buckley Wealth Management LLC’s holdings, making the stock its 27th biggest holding. Buckley Wealth Management LLC’s holdings in Lowe’s Companies were worth $2,158,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of LOW. Orion Capital Management LLC purchased a new position in shares of Lowe’s Companies during the third quarter worth $26,000. VisionPoint Advisory Group LLC grew its position in shares of Lowe’s Companies by 85.4% in the third quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 70 shares during the period. Sanctuary Wealth Management L.L.C. acquired a new position in Lowe’s Companies during the fourth quarter worth about $35,000. Itau Unibanco Holding S.A. acquired a new position in Lowe’s Companies in the 3rd quarter valued at about $40,000. Finally, True Wealth Design LLC acquired a new position in Lowe’s Companies in the 4th quarter valued at about $42,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Price Performance

NYSE LOW traded up $1.91 during mid-day trading on Wednesday, hitting $253.33. The company’s stock had a trading volume of 2,338,607 shares, compared to its average volume of 2,604,218. Lowe’s Companies, Inc. has a 52-week low of $181.85 and a 52-week high of $262.49. The stock’s fifty day simple moving average is $231.47 and its two-hundred day simple moving average is $215.72. The firm has a market capitalization of $145.69 billion, a P/E ratio of 19.22, a price-to-earnings-growth ratio of 1.88 and a beta of 1.13.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS for the quarter, beating the consensus estimate of $1.68 by $0.09. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The firm had revenue of $18.60 billion for the quarter, compared to analyst estimates of $18.47 billion. During the same quarter last year, the firm posted $2.28 earnings per share. Lowe’s Companies’s revenue for the quarter was down 17.1% compared to the same quarter last year. On average, equities analysts forecast that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be paid a dividend of $1.10 per share. The ex-dividend date is Tuesday, April 23rd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.74%. Lowe’s Companies’s dividend payout ratio is currently 33.43%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on LOW shares. Wells Fargo & Company upped their target price on shares of Lowe’s Companies from $235.00 to $250.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. Piper Sandler upped their target price on shares of Lowe’s Companies from $218.00 to $245.00 and gave the company an “overweight” rating in a report on Tuesday, January 16th. StockNews.com cut shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, February 28th. DA Davidson reiterated a “neutral” rating and set a $270.00 price target on shares of Lowe’s Companies in a research note on Wednesday. Finally, Truist Financial upped their price objective on shares of Lowe’s Companies from $244.00 to $258.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Thirteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $251.60.

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.