ORG Partners LLC Lowers Position in Lowe’s Companies, Inc. (NYSE:LOW)

ORG Partners LLC lessened its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 80.0% during the first quarter, HoldingsChannel reports. The institutional investor owned 1,100 shares of the home improvement retailer’s stock after selling 4,393 shares during the quarter. ORG Partners LLC’s holdings in Lowe’s Companies were worth $275,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in LOW. Paragon Private Wealth Management LLC raised its position in Lowe’s Companies by 13.5% during the fourth quarter. Paragon Private Wealth Management LLC now owns 4,880 shares of the home improvement retailer’s stock valued at $1,086,000 after purchasing an additional 581 shares in the last quarter. ING Groep NV raised its position in Lowe’s Companies by 18,786.5% during the fourth quarter. ING Groep NV now owns 106,709 shares of the home improvement retailer’s stock valued at $23,748,000 after purchasing an additional 106,144 shares in the last quarter. Clifford Swan Investment Counsel LLC raised its position in Lowe’s Companies by 0.3% during the fourth quarter. Clifford Swan Investment Counsel LLC now owns 215,442 shares of the home improvement retailer’s stock valued at $47,947,000 after purchasing an additional 541 shares in the last quarter. Brevan Howard Capital Management LP raised its position in Lowe’s Companies by 824.6% during the fourth quarter. Brevan Howard Capital Management LP now owns 15,339 shares of the home improvement retailer’s stock valued at $3,414,000 after purchasing an additional 13,680 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC raised its position in Lowe’s Companies by 1.2% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 45,072 shares of the home improvement retailer’s stock valued at $10,031,000 after purchasing an additional 540 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

LOW has been the topic of a number of research reports. Royal Bank of Canada restated a “sector perform” rating and set a $246.00 price target on shares of Lowe’s Companies in a research report on Wednesday, May 22nd. Truist Financial reduced their price objective on Lowe’s Companies from $271.00 to $265.00 and set a “buy” rating on the stock in a research note on Wednesday, May 22nd. Stifel Nicolaus raised their price objective on Lowe’s Companies from $225.00 to $250.00 and gave the company a “hold” rating in a research note on Monday, May 13th. Wedbush reissued a “neutral” rating and issued a $250.00 target price on shares of Lowe’s Companies in a research note on Wednesday, May 22nd. Finally, Evercore ISI cut their target price on Lowe’s Companies from $250.00 to $225.00 and set an “in-line” rating on the stock in a research note on Tuesday, July 2nd. Fifteen equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Lowe’s Companies has a consensus rating of “Hold” and an average target price of $250.41.

Lowe’s Companies Stock Performance

Shares of LOW stock traded up $4.33 during mid-day trading on Friday, reaching $234.08. 3,168,514 shares of the company’s stock traded hands, compared to its average volume of 2,541,106. Lowe’s Companies, Inc. has a 12 month low of $181.85 and a 12 month high of $262.49. The firm has a 50 day moving average price of $222.93 and a two-hundred day moving average price of $227.97. The firm has a market capitalization of $133.39 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 1.69 and a beta of 1.08.

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

Lowe’s Companies Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 7th. Investors of record on Wednesday, July 24th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.26%. The ex-dividend date is Wednesday, July 24th. Lowe’s Companies’s dividend payout ratio is currently 35.34%.

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.