Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Arbor Trust Wealth Advisors LLC

Arbor Trust Wealth Advisors LLC decreased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 11.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,176 shares of the home improvement retailer’s stock after selling 530 shares during the quarter. Arbor Trust Wealth Advisors LLC’s holdings in Lowe’s Companies were worth $929,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Morgan Stanley boosted its holdings in shares of Lowe’s Companies by 21.3% during the fourth quarter. Morgan Stanley now owns 11,690,606 shares of the home improvement retailer’s stock worth $2,329,237,000 after purchasing an additional 2,050,089 shares during the last quarter. Norges Bank purchased a new position in shares of Lowe’s Companies in the 4th quarter worth $1,461,267,000. Northern Trust Corp raised its position in shares of Lowe’s Companies by 1.1% in the 3rd quarter. Northern Trust Corp now owns 7,138,824 shares of the home improvement retailer’s stock worth $1,483,733,000 after buying an additional 78,901 shares during the period. Moneta Group Investment Advisors LLC raised its position in shares of Lowe’s Companies by 107,710.7% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 5,080,039 shares of the home improvement retailer’s stock worth $1,012,147,000 after buying an additional 5,075,327 shares during the period. Finally, Schroder Investment Management Group raised its position in shares of Lowe’s Companies by 189.5% in the 3rd quarter. Schroder Investment Management Group now owns 2,798,268 shares of the home improvement retailer’s stock worth $581,592,000 after buying an additional 1,831,727 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Morgan Stanley increased their target price on Lowe’s Companies from $240.00 to $250.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. Truist Financial increased their target price on Lowe’s Companies from $258.00 to $271.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Gordon Haskett reaffirmed a “hold” rating and issued a $245.00 target price on shares of Lowe’s Companies in a research report on Wednesday, April 3rd. UBS Group increased their target price on Lowe’s Companies from $250.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Finally, Zelman & Associates reissued a “neutral” rating and issued a $265.00 price objective on shares of Lowe’s Companies in a research report on Tuesday, April 2nd. Fifteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $252.52.

Lowe’s Companies Trading Down 0.7 %

Lowe’s Companies stock traded down $1.70 during midday trading on Tuesday, hitting $228.31. The stock had a trading volume of 2,200,935 shares, compared to its average volume of 2,567,834. The stock has a market cap of $130.63 billion, a P/E ratio of 17.43, a P/E/G ratio of 1.72 and a beta of 1.13. Lowe’s Companies, Inc. has a 12 month low of $181.85 and a 12 month high of $262.49. The business has a fifty day moving average price of $238.95 and a 200 day moving average price of $218.17.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS for the quarter, beating the consensus estimate of $1.68 by $0.09. The company had revenue of $18.60 billion during the quarter, compared to analyst estimates of $18.47 billion. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The business’s revenue was down 17.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.28 earnings per share. On average, equities analysts anticipate that Lowe’s Companies, Inc. will post 12.21 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be given a $1.10 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $4.40 dividend on an annualized basis and a yield of 1.93%. Lowe’s Companies’s dividend payout ratio (DPR) is 33.43%.

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.