Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH decreased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 1.0% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 6,388 shares of the home improvement retailer’s stock after selling 65 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Lowe’s Companies were worth $1,490,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Wood Tarver Financial Group LLC acquired a new stake in shares of Lowe’s Companies during the fourth quarter valued at $25,000. Marshall Investment Management LLC acquired a new stake in Lowe’s Companies in the 4th quarter worth about $31,000. Caisse Des Depots ET Consignations acquired a new stake in Lowe’s Companies in the 4th quarter worth about $33,000. Orion Capital Management LLC acquired a new stake in Lowe’s Companies in the 4th quarter worth about $36,000. Finally, IFS Advisors LLC boosted its stake in Lowe’s Companies by 60.0% in the 1st quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer’s stock worth $37,000 after buying an additional 60 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Juliette Williams Pryor sold 1,130 shares of the business’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $227.50, for a total value of $257,075.00. Following the completion of the sale, the executive vice president now directly owns 31,898 shares in the company, valued at approximately $7,256,795. The trade was a 3.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.27% of the stock is owned by company insiders.

Lowe’s Companies Stock Performance

Shares of NYSE:LOW opened at $216.99 on Friday. Lowe’s Companies, Inc. has a one year low of $206.39 and a one year high of $287.01. The business’s 50-day simple moving average is $223.77 and its 200 day simple moving average is $240.11. The company has a market cap of $121.61 billion, a P/E ratio of 18.10, a PEG ratio of 1.96 and a beta of 0.92.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.88 by $0.04. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The company had revenue of $20.93 billion for the quarter, compared to the consensus estimate of $21.09 billion. During the same period in the previous year, the business earned $3.06 EPS. Lowe’s Companies’s revenue for the quarter was down 2.0% compared to the same quarter last year. Analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, July 23rd. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a yield of 2.21%. Lowe’s Companies’s payout ratio is currently 39.77%.

Analysts Set New Price Targets

LOW has been the topic of a number of research analyst reports. DA Davidson decreased their price target on Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating on the stock in a research note on Thursday, May 22nd. Piper Sandler decreased their price target on Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating on the stock in a research note on Monday, March 24th. Telsey Advisory Group reissued an “outperform” rating and issued a $305.00 price target on shares of Lowe’s Companies in a research note on Wednesday, May 21st. Wells Fargo & Company decreased their price target on Lowe’s Companies from $285.00 to $260.00 and set an “overweight” rating on the stock in a research note on Thursday, May 8th. Finally, JPMorgan Chase & Co. reduced their price objective on Lowe’s Companies from $300.00 to $263.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 6th. One analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and an average target price of $271.12.

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.