Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Americana Partners LLC

Americana Partners LLC lowered its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,903 shares of the home improvement retailer’s stock after selling 529 shares during the period. Americana Partners LLC’s holdings in Lowe’s Companies were worth $5,270,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Crown Wealth Group LLC raised its position in shares of Lowe’s Companies by 4.4% during the 2nd quarter. Crown Wealth Group LLC now owns 1,051 shares of the home improvement retailer’s stock worth $232,000 after acquiring an additional 44 shares in the last quarter. Pure Financial Advisors LLC raised its holdings in Lowe’s Companies by 2.5% during the second quarter. Pure Financial Advisors LLC now owns 1,813 shares of the home improvement retailer’s stock worth $400,000 after purchasing an additional 45 shares in the last quarter. BLB&B Advisors LLC lifted its position in shares of Lowe’s Companies by 2.2% during the 2nd quarter. BLB&B Advisors LLC now owns 2,062 shares of the home improvement retailer’s stock worth $454,000 after buying an additional 45 shares during the last quarter. McAdam LLC boosted its holdings in shares of Lowe’s Companies by 3.5% in the 1st quarter. McAdam LLC now owns 1,363 shares of the home improvement retailer’s stock valued at $347,000 after buying an additional 46 shares in the last quarter. Finally, First Bank & Trust grew its position in shares of Lowe’s Companies by 3.1% in the 1st quarter. First Bank & Trust now owns 1,509 shares of the home improvement retailer’s stock valued at $384,000 after buying an additional 46 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Trading Up 0.7 %

Shares of LOW traded up $1.73 during trading hours on Friday, reaching $248.50. The company had a trading volume of 2,587,136 shares, compared to its average volume of 2,522,403. 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 simple moving average of $234.08 and a 200-day simple moving average of $233.45. The company has a market capitalization of $141.60 billion, a price-to-earnings ratio of 19.96, a PEG ratio of 1.85 and a beta of 1.07.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.96 by $0.14. Lowe’s Companies had a net margin of 8.46% and a negative return on equity of 48.52%. The company had revenue of $23.59 billion during the quarter, compared to analysts’ expectations of $23.93 billion. During the same period last year, the company posted $4.56 earnings per share. The firm’s quarterly revenue was down 5.5% compared to the same quarter last year. Sell-side analysts forecast that Lowe’s Companies, Inc. will post 12.23 earnings per share for the current year.

Lowe’s Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd will be issued a dividend of $1.15 per share. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.15. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.85%. Lowe’s Companies’s payout ratio is 36.95%.

Analyst Ratings Changes

LOW has been the subject of several research analyst reports. StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Stifel Nicolaus upped their target price on Lowe’s Companies from $225.00 to $250.00 and gave the company a “hold” rating in a research report on Monday, May 13th. Truist Financial lifted their price target on Lowe’s Companies from $265.00 to $269.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Morgan Stanley increased their price objective on Lowe’s Companies from $250.00 to $255.00 and gave the company an “overweight” rating in a report on Wednesday, August 21st. Finally, Royal Bank of Canada cut their target price on shares of Lowe’s Companies from $245.00 to $238.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 21st. Twelve analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and an average target price of $254.04.

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.