Godshalk Welsh Capital Management Inc. Has $2.09 Million Position in Lowe’s Companies, Inc. (NYSE:LOW)

Godshalk Welsh Capital Management Inc. cut its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,385 shares of the home improvement retailer’s stock after selling 50 shares during the period. Lowe’s Companies accounts for 1.5% of Godshalk Welsh Capital Management Inc.’s portfolio, making the stock its 17th largest holding. Godshalk Welsh Capital Management Inc.’s holdings in Lowe’s Companies were worth $2,089,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. lifted its holdings in Lowe’s Companies by 8.7% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 322,645 shares of the home improvement retailer’s stock valued at $71,805,000 after purchasing an additional 25,894 shares during the last quarter. Nixon Peabody Trust Co. boosted its holdings in shares of Lowe’s Companies by 540.1% during the 4th quarter. Nixon Peabody Trust Co. now owns 44,929 shares of the home improvement retailer’s stock worth $9,999,000 after buying an additional 37,910 shares during the period. Skopos Labs Inc. bought a new position in Lowe’s Companies in the 4th quarter valued at about $744,000. Congress Wealth Management LLC DE lifted its position in Lowe’s Companies by 14.0% during the fourth quarter. Congress Wealth Management LLC DE now owns 15,361 shares of the home improvement retailer’s stock worth $3,419,000 after acquiring an additional 1,882 shares during the last quarter. Finally, Team Hewins LLC bought a new stake in shares of Lowe’s Companies during the fourth quarter worth approximately $1,787,000. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Stock Performance

Shares of LOW traded down $2.27 during mid-day trading on Friday, reaching $215.21. The company had a trading volume of 2,632,395 shares, compared to its average volume of 2,182,965. The company has a market capitalization of $123.14 billion, a price-to-earnings ratio of 17.29, a P/E/G ratio of 1.67 and a beta of 1.15. The company’s 50 day simple moving average is $236.44 and its 200 day simple moving average is $225.02. 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 issued its earnings results 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 firm had revenue of $21.36 billion for the quarter, compared to analyst estimates of $21.14 billion. Lowe’s Companies had a net margin of 8.46% and a negative return on equity of 48.52%. The company’s quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter last year, the business posted $3.67 earnings per share. As a group, equities analysts forecast that Lowe’s Companies, Inc. will post 12.22 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th were given a dividend of $1.10 per share. The ex-dividend date was Tuesday, April 23rd. This represents a $4.40 dividend on an annualized basis and a yield of 2.04%. Lowe’s Companies’s dividend payout ratio is currently 35.34%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Royal Bank of Canada reissued a “sector perform” rating and set a $246.00 price target on shares of Lowe’s Companies in a report on Wednesday. Truist Financial reduced their target price on shares of Lowe’s Companies from $271.00 to $265.00 and set a “buy” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. upped 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. UBS Group lifted their price objective 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, DA Davidson decreased their target price on shares of Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating on the stock in a research report on Wednesday. Fourteen research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $251.33.

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.