Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. reduced its position in Lowe’s Companies, Inc. (NYSE:LOW) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,436 shares of the home improvement retailer’s stock after selling 537 shares during the period. Bahl & Gaynor Inc.’s holdings in Lowe’s Companies were worth $11,225,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LOW. Oak Thistle LLC lifted its position in Lowe’s Companies by 245.6% during the 3rd quarter. Oak Thistle LLC now owns 4,144 shares of the home improvement retailer’s stock worth $861,000 after acquiring an additional 2,945 shares in the last quarter. Spirit of America Management Corp NY lifted its position in Lowe’s Companies by 77.1% during the 3rd quarter. Spirit of America Management Corp NY now owns 3,100 shares of the home improvement retailer’s stock worth $644,000 after acquiring an additional 1,350 shares in the last quarter. Handelsbanken Fonder AB lifted its position in Lowe’s Companies by 1.4% during the 3rd quarter. Handelsbanken Fonder AB now owns 212,918 shares of the home improvement retailer’s stock worth $44,253,000 after acquiring an additional 2,974 shares in the last quarter. Red Door Wealth Management LLC lifted its position in Lowe’s Companies by 6.9% during the 3rd quarter. Red Door Wealth Management LLC now owns 4,695 shares of the home improvement retailer’s stock worth $976,000 after acquiring an additional 302 shares in the last quarter. Finally, Ballentine Partners LLC lifted its position in Lowe’s Companies by 2.9% during the 3rd quarter. Ballentine Partners LLC now owns 10,185 shares of the home improvement retailer’s stock worth $2,117,000 after acquiring an additional 289 shares in the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Trading Down 0.0 %

LOW traded down $0.09 during trading on Friday, reaching $229.87. 1,970,953 shares of the company were exchanged, compared to its average volume of 2,507,264. The stock has a market cap of $131.53 billion, a P/E ratio of 17.47, a PEG ratio of 1.70 and a beta of 1.13. The firm has a 50 day moving average of $239.98 and a 200 day moving average of $219.70. Lowe’s Companies, Inc. has a 52 week low of $181.85 and a 52 week high of $262.49.

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

Lowe’s Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, April 23rd. This represents a $4.40 dividend on an annualized basis and a yield of 1.91%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 33.43%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on LOW shares. The Goldman Sachs Group upped their target price on Lowe’s Companies from $238.00 to $262.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. Piper Sandler upped their target price on Lowe’s Companies from $218.00 to $245.00 and gave the company an “overweight” rating in a research report on Tuesday, January 16th. StockNews.com lowered Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. JPMorgan Chase & Co. upped their target price on Lowe’s Companies from $265.00 to $268.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $230.00 target price on shares of Lowe’s Companies in a research report on Wednesday, March 27th. Fifteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $252.52.

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.