Dumont & Blake Investment Advisors LLC Sells 670 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Dumont & Blake Investment Advisors LLC lessened its stake in shares of Lowe’s Companies, Inc. (NYSE:LOWFree Report) by 9.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,684 shares of the home improvement retailer’s stock after selling 670 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in Lowe’s Companies were worth $1,488,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Orion Capital Management LLC acquired a new position in shares of Lowe’s Companies in the 3rd quarter valued at approximately $26,000. VisionPoint Advisory Group LLC increased its stake 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 acquiring an additional 70 shares during the last quarter. Sanctuary Wealth Management L.L.C. acquired a new position in Lowe’s Companies during the fourth quarter valued at approximately $35,000. Itau Unibanco Holding S.A. bought a new stake in Lowe’s Companies during the third quarter worth $40,000. Finally, True Wealth Design LLC acquired a new stake in shares of Lowe’s Companies in the 4th quarter valued at $42,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Stock Down 1.4 %

Lowe’s Companies stock traded down $3.39 during trading hours on Wednesday, reaching $241.06. 1,651,790 shares of the company’s stock were exchanged, compared to its average volume of 2,587,766. The firm has a market capitalization of $137.93 billion, a PE ratio of 18.42, a PEG ratio of 1.84 and a beta of 1.13. The firm’s 50 day simple moving average is $234.79 and its 200 day simple moving average is $216.53. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49.

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

Lowe’s Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio is presently 33.43%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on LOW shares. Wells Fargo & Company boosted their price target on Lowe’s Companies from $235.00 to $250.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. Morgan Stanley increased their target price on shares of Lowe’s Companies from $240.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. JPMorgan Chase & Co. raised their price target on shares of Lowe’s Companies from $265.00 to $268.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. Truist Financial upped their price objective on shares of Lowe’s Companies from $258.00 to $271.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Zelman & Associates restated a “neutral” rating and issued a $265.00 target price on shares of Lowe’s Companies in a research report on Tuesday. Fifteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $252.33.

Read Our Latest Analysis on Lowe’s Companies

Lowe’s Companies Company Profile

(Free Report)

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.

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

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