Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Folger Nolan Fleming Douglas Capital Management Inc.

Folger Nolan Fleming Douglas Capital Management Inc. lowered its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 2.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 84,036 shares of the home improvement retailer’s stock after selling 2,119 shares during the period. Lowe’s Companies makes up 2.0% of Folger Nolan Fleming Douglas Capital Management Inc.’s holdings, making the stock its 8th biggest holding. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Lowe’s Companies were worth $18,702,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in LOW. Harbour Trust & Investment Management Co acquired a new position in Lowe’s Companies during the 4th quarter worth approximately $5,890,000. Syon Capital LLC grew its holdings in Lowe’s Companies by 23.3% during the 4th quarter. Syon Capital LLC now owns 7,129 shares of the home improvement retailer’s stock worth $1,587,000 after acquiring an additional 1,345 shares in the last quarter. Biondo Investment Advisors LLC grew its holdings in Lowe’s Companies by 1.0% during the 3rd quarter. Biondo Investment Advisors LLC now owns 60,958 shares of the home improvement retailer’s stock worth $12,669,000 after acquiring an additional 620 shares in the last quarter. Perigon Wealth Management LLC grew its holdings in Lowe’s Companies by 18.6% during the 4th quarter. Perigon Wealth Management LLC now owns 3,724 shares of the home improvement retailer’s stock worth $829,000 after acquiring an additional 584 shares in the last quarter. Finally, Legacy CG LLC lifted its position in shares of Lowe’s Companies by 25.0% during the 4th quarter. Legacy CG LLC now owns 22,948 shares of the home improvement retailer’s stock worth $5,107,000 after buying an additional 4,583 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on LOW shares. Barclays boosted their price objective on shares of Lowe’s Companies from $203.00 to $229.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 4th. Truist Financial boosted their price objective on shares of Lowe’s Companies from $258.00 to $271.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Lowe’s Companies from $265.00 to $268.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. The Goldman Sachs Group boosted their price objective on shares of Lowe’s Companies from $238.00 to $262.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Finally, Gordon Haskett reiterated a “hold” rating and issued a $245.00 price target on shares of Lowe’s Companies in a research report on Wednesday, April 3rd. Fifteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $252.52.

Lowe’s Companies Trading Down 0.0 %

Shares of NYSE:LOW traded down $0.09 on Friday, reaching $229.87. 2,001,196 shares of the company were exchanged, compared to its average volume of 2,110,073. Lowe’s Companies, Inc. has a 1-year low of $181.85 and a 1-year high of $262.49. The firm has a market cap of $131.53 billion, a price-to-earnings ratio of 17.47, a price-to-earnings-growth ratio of 1.70 and a beta of 1.13. The company has a 50-day moving average of $239.98 and a 200-day moving average of $219.70.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.09. The business had revenue of $18.60 billion for the quarter, compared to analysts’ expectations of $18.47 billion. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The business’s revenue for the quarter was down 17.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.28 EPS. As a group, analysts forecast that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be paid a $1.10 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $4.40 dividend on an annualized basis and a yield of 1.91%. Lowe’s Companies’s payout ratio is 33.43%.

About Lowe’s Companies

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.