Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Financial Management Professionals Inc.

Financial Management Professionals Inc. reduced its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 29.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 431 shares of the home improvement retailer’s stock after selling 177 shares during the period. Financial Management Professionals Inc.’s holdings in Lowe’s Companies were worth $110,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in LOW. Norges Bank acquired a new stake in shares of Lowe’s Companies during the fourth quarter worth $1,638,746,000. International Assets Investment Management LLC purchased a new position in shares of Lowe’s Companies during the fourth quarter worth $430,090,000. Schroder Investment Management Group raised its holdings in shares of Lowe’s Companies by 189.5% during the third quarter. Schroder Investment Management Group now owns 2,798,268 shares of the home improvement retailer’s stock worth $581,592,000 after purchasing an additional 1,831,727 shares during the last quarter. Canoe Financial LP purchased a new position in shares of Lowe’s Companies during the fourth quarter worth $206,912,000. Finally, Aristotle Capital Management LLC raised its holdings in shares of Lowe’s Companies by 143.8% during the third quarter. Aristotle Capital Management LLC now owns 1,361,716 shares of the home improvement retailer’s stock worth $283,019,000 after purchasing an additional 803,216 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Trading Up 0.3 %

LOW opened at $220.46 on Friday. The firm has a market capitalization of $125.63 billion, a PE ratio of 17.71, a PEG ratio of 1.68 and a beta of 1.08. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49. The firm’s 50-day moving average price is $225.32 and its 200 day moving average price is $228.40.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share for the quarter, topping 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%. Lowe’s Companies’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the business posted $3.67 earnings per share. As a group, analysts predict that Lowe’s Companies, Inc. will post 12.23 earnings per share for the current fiscal year.

Lowe’s Companies Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, July 24th. This represents a $0.60 annualized dividend and a yield of 0.27%. Lowe’s Companies’s payout ratio is 36.95%.

Wall Street Analyst Weigh In

LOW has been the subject of several recent research reports. Evercore ISI reduced their target price on shares of Lowe’s Companies from $255.00 to $250.00 and set an “in-line” rating for the company in a report on Wednesday, May 22nd. Wedbush reissued a “neutral” rating and set a $250.00 target price on shares of Lowe’s Companies in a report on Wednesday, May 22nd. Zelman & Associates reaffirmed a “neutral” rating and issued a $265.00 price objective on shares of Lowe’s Companies in a report on Tuesday, April 2nd. Mizuho started coverage on shares of Lowe’s Companies in a report on Tuesday, March 19th. They issued a “buy” rating and a $280.00 price objective for the company. Finally, Truist Financial cut their price objective on shares of Lowe’s Companies from $271.00 to $265.00 and set a “buy” rating for the company in a report on Wednesday, May 22nd. Fifteen research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $251.33.

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.