Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Weaver C. Barksdale & Associates Inc.

Weaver C. Barksdale & Associates Inc. cut its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 20.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,342 shares of the home improvement retailer’s stock after selling 2,407 shares during the period. Lowe’s Companies comprises about 2.0% of Weaver C. Barksdale & Associates Inc.’s holdings, making the stock its 15th largest position. Weaver C. Barksdale & Associates Inc.’s holdings in Lowe’s Companies were worth $2,079,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Morningstar Investment Services LLC increased its position in shares of Lowe’s Companies by 87.7% during the fourth quarter. Morningstar Investment Services LLC now owns 6,657 shares of the home improvement retailer’s stock worth $1,484,000 after purchasing an additional 3,111 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Lowe’s Companies by 0.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 1,413,051 shares of the home improvement retailer’s stock worth $314,475,000 after purchasing an additional 12,919 shares in the last quarter. Baldwin Investment Management LLC increased its position in shares of Lowe’s Companies by 1.9% during the fourth quarter. Baldwin Investment Management LLC now owns 10,806 shares of the home improvement retailer’s stock worth $2,405,000 after purchasing an additional 201 shares in the last quarter. Stephens Inc. AR increased its position in Lowe’s Companies by 1.9% in the 4th quarter. Stephens Inc. AR now owns 111,417 shares of the home improvement retailer’s stock valued at $24,796,000 after acquiring an additional 2,121 shares during the period. Finally, Pinebridge Investments L.P. increased its position in Lowe’s Companies by 37.0% in the 4th quarter. Pinebridge Investments L.P. now owns 259,060 shares of the home improvement retailer’s stock valued at $57,652,000 after acquiring an additional 70,005 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 0.9 %

Shares of Lowe’s Companies stock traded up $2.06 during trading on Thursday, hitting $229.58. 1,666,192 shares of the company were exchanged, compared to its average volume of 2,475,893. Lowe’s Companies, Inc. has a fifty-two week low of $181.85 and a fifty-two week high of $262.49. The stock has a market capitalization of $131.36 billion, a price-to-earnings ratio of 17.45, a P/E/G ratio of 1.69 and a beta of 1.15. The firm has a 50 day moving average price of $240.08 and a 200 day moving average price of $220.52.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $18.60 billion during the quarter, compared to the consensus estimate of $18.47 billion. During the same period in the previous year, the firm posted $2.28 EPS. The company’s quarterly revenue was down 17.1% compared to the same quarter last year. Analysts predict that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current year.

Lowe’s Companies Announces Dividend

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 issued a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $4.40 annualized dividend and a yield of 1.92%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 33.43%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Morgan Stanley boosted their price target on Lowe’s Companies from $240.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Stifel Nicolaus dropped their price target on Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating on the stock in a research report on Friday, February 16th. StockNews.com cut Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Telsey Advisory Group restated a “market perform” rating and issued a $230.00 price target on shares of Lowe’s Companies in a research report on Wednesday, March 27th. Finally, Truist Financial boosted their price target on Lowe’s Companies from $258.00 to $271.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Fifteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $252.52.

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.