Clifford Swan Investment Counsel LLC Has $42.75 Million Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Clifford Swan Investment Counsel LLC reduced its position in Lowe’s Companies, Inc. (NYSE:LOWGet Rating) by 1.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 227,602 shares of the home improvement retailer’s stock after selling 4,430 shares during the quarter. Lowe’s Companies makes up 2.0% of Clifford Swan Investment Counsel LLC’s portfolio, making the stock its 10th largest holding. Clifford Swan Investment Counsel LLC’s holdings in Lowe’s Companies were worth $42,746,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP lifted its position in Lowe’s Companies by 13.0% in the third quarter. Allworth Financial LP now owns 11,173 shares of the home improvement retailer’s stock worth $2,098,000 after purchasing an additional 1,283 shares during the period. Financial Strategies Group Inc. lifted its holdings in shares of Lowe’s Companies by 26.2% during the third quarter. Financial Strategies Group Inc. now owns 5,916 shares of the home improvement retailer’s stock valued at $1,111,000 after acquiring an additional 1,229 shares during the period. New Millennium Group LLC bought a new position in shares of Lowe’s Companies during the second quarter valued at $47,000. Capital Analysts LLC lifted its holdings in shares of Lowe’s Companies by 1.8% during the second quarter. Capital Analysts LLC now owns 23,455 shares of the home improvement retailer’s stock valued at $4,097,000 after acquiring an additional 425 shares during the period. Finally, Wealthspire Advisors LLC lifted its holdings in shares of Lowe’s Companies by 21.5% during the second quarter. Wealthspire Advisors LLC now owns 2,964 shares of the home improvement retailer’s stock valued at $518,000 after acquiring an additional 524 shares during the period. 72.62% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. BNP Paribas cut Lowe’s Companies from a “neutral” rating to an “underperform” rating and set a $159.00 price objective for the company. in a report on Wednesday, October 19th. Oppenheimer reissued an “outperform” rating and set a $300.00 price objective on shares of Lowe’s Companies in a report on Thursday, November 17th. Telsey Advisory Group cut their price objective on Lowe’s Companies to $250.00 in a report on Monday, December 12th. Piper Sandler lifted their price objective on Lowe’s Companies from $248.00 to $253.00 and gave the company an “overweight” rating in a report on Thursday, November 17th. Finally, StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, January 13th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $229.12.

Lowe’s Companies Price Performance

Shares of Lowe’s Companies stock traded down $2.81 during trading on Wednesday, hitting $203.60. 154,771 shares of the company were exchanged, compared to its average volume of 2,781,592. The firm has a market capitalization of $126.37 billion, a P/E ratio of 20.22, a price-to-earnings-growth ratio of 1.13 and a beta of 1.16. Lowe’s Companies, Inc. has a 1-year low of $170.12 and a 1-year high of $240.71. The firm’s fifty day moving average price is $206.15 and its 200 day moving average price is $198.93.

Lowe’s Companies (NYSE:LOWGet Rating) last released its quarterly earnings data on Wednesday, November 16th. The home improvement retailer reported $3.27 earnings per share for the quarter, beating the consensus estimate of $3.11 by $0.16. Lowe’s Companies had a negative return on equity of 103.72% and a net margin of 6.97%. The business had revenue of $23.48 billion for the quarter, compared to analysts’ expectations of $23.16 billion. During the same quarter in the previous year, the business posted $2.73 EPS. Lowe’s Companies’s revenue for the quarter was up 2.4% on a year-over-year basis. As a group, equities research analysts anticipate that Lowe’s Companies, Inc. will post 13.73 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 8th. Stockholders of record on Wednesday, January 25th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Tuesday, January 24th. Lowe’s Companies’s dividend payout ratio (DPR) is presently 41.14%.

Insider Activity

In other news, EVP Ross W. Mccanless sold 57,629 shares of Lowe’s Companies stock in a transaction dated Tuesday, December 13th. The stock was sold at an average price of $211.35, for a total transaction of $12,179,889.15. Following the transaction, the executive vice president now owns 26,923 shares in the company, valued at approximately $5,690,176.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.24% of the stock is currently owned by company insiders.

About Lowe’s Companies

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Lowe’s Cos., Inc engages in the retail sale of home improvement products. The firm offers products for maintenance, repair, remodeling, home decorating and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows and doors.

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Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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