Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Chesley Taft & Associates LLC

Chesley Taft & Associates LLC lowered its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 0.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,316 shares of the home improvement retailer’s stock after selling 65 shares during the period. Chesley Taft & Associates LLC’s holdings in Lowe’s Companies were worth $5,175,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Shulman DeMeo Asset Management LLC raised its position in Lowe’s Companies by 12.5% in the 1st quarter. Shulman DeMeo Asset Management LLC now owns 1,940 shares of the home improvement retailer’s stock valued at $494,000 after purchasing an additional 216 shares in the last quarter. Cardinal Capital Management raised its position in shares of Lowe’s Companies by 4.6% during the 1st quarter. Cardinal Capital Management now owns 46,004 shares of the home improvement retailer’s stock worth $11,719,000 after acquiring an additional 2,023 shares in the last quarter. ERn Financial LLC acquired a new stake in shares of Lowe’s Companies during the 1st quarter worth about $225,000. Franklin Street Advisors Inc. NC raised its position in shares of Lowe’s Companies by 196.6% during the 1st quarter. Franklin Street Advisors Inc. NC now owns 50,102 shares of the home improvement retailer’s stock worth $12,762,000 after acquiring an additional 33,210 shares in the last quarter. Finally, Agate Pass Investment Management LLC raised its position in shares of Lowe’s Companies by 0.5% during the 1st quarter. Agate Pass Investment Management LLC now owns 13,217 shares of the home improvement retailer’s stock worth $3,367,000 after acquiring an additional 66 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

LOW has been the topic of several research analyst reports. Citigroup cut their target price on Lowe’s Companies from $243.00 to $240.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 7th. Evercore ISI cut their target price on Lowe’s Companies from $255.00 to $250.00 and set an “in-line” rating on the stock in a research report on Wednesday, May 22nd. Truist Financial cut their target price on Lowe’s Companies from $271.00 to $265.00 and set a “buy” rating on the stock in a research report on Wednesday, May 22nd. StockNews.com downgraded Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. Finally, UBS Group raised their price target on Lowe’s Companies from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Fifteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Lowe’s Companies currently has an average rating of “Hold” and an average target price of $251.33.

Lowe’s Companies Stock Up 0.5 %

Shares of Lowe’s Companies stock traded up $1.07 during trading on Thursday, reaching $219.85. The company’s stock had a trading volume of 2,654,196 shares, compared to its average volume of 2,472,512. Lowe’s Companies, Inc. has a 12-month low of $181.85 and a 12-month high of $262.49. The company has a market capitalization of $125.28 billion, a P/E ratio of 17.61, a price-to-earnings-growth ratio of 1.66 and a beta of 1.08. The business has a 50 day moving average price of $225.69 and a 200-day moving average price of $228.22.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.94 by $0.12. The firm had revenue of $21.36 billion during the quarter, compared to analysts’ expectations of $21.14 billion. Lowe’s Companies had a negative return on equity of 48.52% and a net margin of 8.46%. Lowe’s Companies’s revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the firm posted $3.67 earnings per share. Research analysts predict that Lowe’s Companies, Inc. will post 12.23 EPS for the current fiscal year.

Lowe’s Companies Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 7th. Investors of record on Wednesday, July 24th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, July 24th. This represents a $0.60 annualized dividend and a yield of 0.27%. Lowe’s Companies’s dividend payout ratio is presently 35.34%.

Lowe’s Companies Company 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.