Tradewinds LLC. Sells 71 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Tradewinds LLC. lessened its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 3.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,269 shares of the home improvement retailer’s stock after selling 71 shares during the quarter. Tradewinds LLC.’s holdings in Lowe’s Companies were worth $529,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. FMR LLC boosted its position in shares of Lowe’s Companies by 1.0% in the fourth quarter. FMR LLC now owns 26,270,496 shares of the home improvement retailer’s stock valued at $6,483,558,000 after acquiring an additional 259,766 shares during the period. Geode Capital Management LLC boosted its position in shares of Lowe’s Companies by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 11,979,337 shares of the home improvement retailer’s stock valued at $2,952,341,000 after acquiring an additional 245,876 shares during the period. Norges Bank bought a new stake in shares of Lowe’s Companies in the fourth quarter valued at about $1,842,954,000. Northern Trust Corp boosted its position in shares of Lowe’s Companies by 16.3% in the fourth quarter. Northern Trust Corp now owns 7,074,391 shares of the home improvement retailer’s stock valued at $1,745,960,000 after acquiring an additional 993,833 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Lowe’s Companies by 6.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,035,630 shares of the home improvement retailer’s stock valued at $1,242,793,000 after acquiring an additional 323,371 shares during the period. Institutional investors own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LOW. Royal Bank Of Canada reduced their target price on shares of Lowe’s Companies from $244.00 to $242.00 and set a “sector perform” rating for the company in a research report on Thursday, May 22nd. Truist Financial set a $264.00 price objective on shares of Lowe’s Companies and gave the stock a “buy” rating in a research note on Thursday, May 22nd. Telsey Advisory Group reiterated an “outperform” rating and set a $305.00 price objective on shares of Lowe’s Companies in a research note on Wednesday, May 21st. Wells Fargo & Company reduced their price objective on shares of Lowe’s Companies from $285.00 to $260.00 and set an “overweight” rating on the stock in a research note on Thursday, May 8th. Finally, Stifel Nicolaus reduced their price objective on shares of Lowe’s Companies from $250.00 to $240.00 and set a “hold” rating on the stock in a research note on Tuesday, May 27th. One analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $271.12.

Lowe’s Companies Price Performance

Shares of NYSE LOW opened at $228.00 on Friday. The company has a 50 day simple moving average of $223.98 and a 200 day simple moving average of $234.93. The firm has a market cap of $127.78 billion, a PE ratio of 18.89, a price-to-earnings-growth ratio of 2.16 and a beta of 0.90. Lowe’s Companies, Inc. has a 1 year low of $206.39 and a 1 year high of $287.01.

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, beating analysts’ consensus estimates of $2.88 by $0.04. The business had revenue of $20.93 billion during the quarter, compared to analyst estimates of $21.09 billion. Lowe’s Companies had a net margin of 8.22% and a negative return on equity of 49.12%. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the business earned $3.06 EPS. As a group, research 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 $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date 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 (DPR) is 38.11%.

Insider Transactions at Lowe’s Companies

In related news, EVP Juliette Williams Pryor sold 1,130 shares of the firm’s stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $227.50, for a total value of $257,075.00. Following the completion of the transaction, the executive vice president owned 31,898 shares in the company, valued at $7,256,795. This trade represents a 3.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.27% of the stock is currently owned by company 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.