Norwood Financial Corp Decreases Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Norwood Financial Corp trimmed its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,915 shares of the home improvement retailer’s stock after selling 130 shares during the period. Lowe’s Companies makes up approximately 1.4% of Norwood Financial Corp’s holdings, making the stock its 14th biggest holding. Norwood Financial Corp’s holdings in Lowe’s Companies were worth $997,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of LOW. Register Financial Advisors LLC bought a new position in shares of Lowe’s Companies during the 1st quarter valued at approximately $62,000. Indiana Trust & Investment Management CO increased its position in shares of Lowe’s Companies by 10.6% during the 1st quarter. Indiana Trust & Investment Management CO now owns 11,886 shares of the home improvement retailer’s stock valued at $3,028,000 after purchasing an additional 1,144 shares during the last quarter. Fifth Third Wealth Advisors LLC bought a new position in Lowe’s Companies in the 1st quarter valued at $239,000. Transform Wealth LLC grew its position in Lowe’s Companies by 1.4% in the 1st quarter. Transform Wealth LLC now owns 15,605 shares of the home improvement retailer’s stock valued at $3,975,000 after acquiring an additional 222 shares during the last quarter. Finally, Sunburst Financial Group LLC grew its position in Lowe’s Companies by 23.9% in the 1st quarter. Sunburst Financial Group LLC now owns 1,131 shares of the home improvement retailer’s stock valued at $282,000 after acquiring an additional 218 shares during the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LOW has been the topic of several research analyst reports. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $230.00 price objective on shares of Lowe’s Companies in a research report on Tuesday, May 21st. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $246.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, May 22nd. DA Davidson cut their price objective on Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 22nd. Oppenheimer reissued a “market perform” rating and set a $230.00 price target on shares of Lowe’s Companies in a research report on Monday, March 4th. Finally, Zelman & Associates reissued a “neutral” rating and set a $265.00 price target on shares of Lowe’s Companies in a research report on Tuesday, April 2nd. Fifteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $251.33.

Lowe’s Companies Trading Up 0.3 %

Shares of LOW stock traded up $0.73 during mid-day trading on Friday, reaching $220.53. The stock had a trading volume of 12,630,398 shares, compared to its average volume of 2,554,689. The business’s fifty day moving average is $225.32 and its 200-day moving average is $228.26. The firm has a market cap of $125.67 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 1.68 and a beta of 1.08. Lowe’s Companies, Inc. has a 1-year low of $181.85 and a 1-year high of $262.49.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.94 by $0.12. The business had revenue of $21.36 billion for the quarter, compared to analyst estimates of $21.14 billion. Lowe’s Companies had a negative return on equity of 48.52% and a net margin of 8.46%. The company’s revenue was down 4.4% on a year-over-year basis. During the same period in the prior year, the company earned $3.67 earnings per share. On average, analysts forecast that Lowe’s Companies, Inc. will post 12.23 earnings per share for the current year.

Lowe’s Companies Cuts Dividend

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