Sawyer & Company Inc Sells 167 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Sawyer & Company Inc lowered its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 3.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,684 shares of the home improvement retailer’s stock after selling 167 shares during the period. Sawyer & Company Inc’s holdings in Lowe’s Companies were worth $1,092,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of LOW. State of Alaska Department of Revenue increased its holdings in Lowe’s Companies by 1.2% during the 1st quarter. State of Alaska Department of Revenue now owns 125,299 shares of the home improvement retailer’s stock worth $29,223,000 after acquiring an additional 1,470 shares during the period. Aptus Capital Advisors LLC increased its holdings in shares of Lowe’s Companies by 14.0% in the 4th quarter. Aptus Capital Advisors LLC now owns 106,305 shares of the home improvement retailer’s stock worth $26,236,000 after buying an additional 13,092 shares during the last quarter. World Investment Advisors increased its holdings in shares of Lowe’s Companies by 11.0% in the 4th quarter. World Investment Advisors now owns 26,329 shares of the home improvement retailer’s stock worth $6,498,000 after buying an additional 2,615 shares during the last quarter. Great Lakes Advisors LLC increased its holdings in shares of Lowe’s Companies by 1.5% in the 4th quarter. Great Lakes Advisors LLC now owns 472,838 shares of the home improvement retailer’s stock worth $116,696,000 after buying an additional 7,187 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Lowe’s Companies by 16.3% in the 4th quarter. Northern Trust Corp now owns 7,074,391 shares of the home improvement retailer’s stock worth $1,745,960,000 after buying an additional 993,833 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 0.7%

Shares of LOW opened at $212.40 on Friday. Lowe’s Companies, Inc. has a 52-week low of $206.39 and a 52-week high of $287.01. The company has a market capitalization of $119.04 billion, a PE ratio of 17.60, a price-to-earnings-growth ratio of 1.99 and a beta of 0.92. The stock has a fifty day simple moving average of $223.03 and a two-hundred day simple moving average of $238.02.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.88 by $0.04. The firm had revenue of $20.93 billion during the quarter, compared to the consensus estimate of $21.09 billion. Lowe’s Companies had a negative return on equity of 49.12% and a net margin of 8.22%. The company’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period last year, the company earned $3.06 EPS. As a group, equities analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend is Wednesday, July 23rd. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $1.15. Lowe’s Companies’s dividend payout ratio is currently 39.77%.

Analyst Upgrades and Downgrades

LOW has been the topic of a number of research analyst reports. KeyCorp raised shares of Lowe’s Companies from a “sector weight” rating to an “overweight” rating and set a $266.00 price target on the stock in a report on Friday, April 25th. Sanford C. Bernstein set a $266.00 price target on shares of Lowe’s Companies and gave the stock an “outperform” rating in a report on Thursday, May 22nd. Piper Sandler decreased their price target on shares of Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating on the stock in a report on Monday, March 24th. Wells Fargo & Company decreased their price target on shares of Lowe’s Companies from $285.00 to $260.00 and set an “overweight” rating on the stock in a report on Thursday, May 8th. Finally, Mizuho reissued an “outperform” rating and issued a $280.00 price target on shares of Lowe’s Companies in a report on Friday, June 13th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $271.12.

Insider Buying and Selling

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 1,130 shares of the business’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $227.50, for a total transaction of $257,075.00. Following the sale, the executive vice president now directly owns 31,898 shares in the company, valued at approximately $7,256,795. The trade was a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.27% of the stock is currently owned by corporate insiders.

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.