Davidson Trust Co. Raises Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Davidson Trust Co. increased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,717 shares of the home improvement retailer’s stock after purchasing an additional 148 shares during the period. Davidson Trust Co.’s holdings in Lowe’s Companies were worth $605,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Orion Capital Management LLC purchased a new position in shares of Lowe’s Companies during the third quarter worth $26,000. VisionPoint Advisory Group LLC increased its holdings in Lowe’s Companies by 85.4% in the third quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock valued at $32,000 after buying an additional 70 shares in the last quarter. Sanctuary Wealth Management L.L.C. purchased a new position in Lowe’s Companies in the fourth quarter valued at $35,000. Itau Unibanco Holding S.A. purchased a new position in Lowe’s Companies in the third quarter valued at $40,000. Finally, True Wealth Design LLC purchased a new position in Lowe’s Companies in the fourth quarter valued at $42,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 1.0 %

Shares of Lowe’s Companies stock traded up $2.23 during mid-day trading on Friday, hitting $231.02. The stock had a trading volume of 811,990 shares, compared to its average volume of 2,528,729. The firm has a 50-day moving average of $239.46 and a two-hundred day moving average of $218.46. Lowe’s Companies, Inc. has a 12-month low of $181.85 and a 12-month high of $262.49. The firm has a market cap of $132.19 billion, a P/E ratio of 17.55, a price-to-earnings-growth ratio of 1.69 and a beta of 1.13.

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

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be issued a $1.10 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $4.40 annualized dividend and a dividend yield of 1.90%. Lowe’s Companies’s dividend payout ratio is currently 33.43%.

Analysts Set New Price Targets

A number of research firms have weighed in on LOW. Truist Financial lifted their price objective on shares of Lowe’s Companies from $258.00 to $271.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Piper Sandler lifted their price objective on shares of Lowe’s Companies from $218.00 to $245.00 and gave the company an “overweight” rating in a report on Tuesday, January 16th. Evercore ISI cut their price objective on shares of Lowe’s Companies from $280.00 to $275.00 and set an “in-line” rating for the company in a report on Tuesday. UBS Group boosted their target price on shares of Lowe’s Companies from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Finally, Citigroup boosted their target price on shares of Lowe’s Companies from $199.00 to $236.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 21st. Fifteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $252.52.

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.