Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Evercore Wealth Management LLC

Evercore Wealth Management LLC lowered its position in Lowe’s Companies, Inc. (NYSE:LOW) by 0.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,547 shares of the home improvement retailer’s stock after selling 223 shares during the period. Evercore Wealth Management LLC’s holdings in Lowe’s Companies were worth $8,526,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Adage Capital Partners GP L.L.C. boosted its holdings in Lowe’s Companies by 21.2% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 643,905 shares of the home improvement retailer’s stock valued at $158,916,000 after purchasing an additional 112,795 shares during the last quarter. Coppell Advisory Solutions LLC boosted its stake in shares of Lowe’s Companies by 17.4% in the fourth quarter. Coppell Advisory Solutions LLC now owns 2,363 shares of the home improvement retailer’s stock worth $583,000 after buying an additional 351 shares during the last quarter. MGO One Seven LLC raised its position in Lowe’s Companies by 4.2% during the fourth quarter. MGO One Seven LLC now owns 15,276 shares of the home improvement retailer’s stock valued at $3,770,000 after acquiring an additional 611 shares in the last quarter. Alta Advisers Ltd boosted its position in Lowe’s Companies by 12.5% in the 4th quarter. Alta Advisers Ltd now owns 1,913 shares of the home improvement retailer’s stock worth $472,000 after purchasing an additional 213 shares in the last quarter. Finally, Soros Capital Management LLC increased its holdings in shares of Lowe’s Companies by 16.0% during the 4th quarter. Soros Capital Management LLC now owns 2,909 shares of the home improvement retailer’s stock valued at $718,000 after purchasing an additional 401 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Truist Financial lowered their target price on shares of Lowe’s Companies from $295.00 to $258.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Royal Bank of Canada dropped their price objective on Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating on the stock in a report on Thursday, February 27th. Bank of America reduced their target price on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Mizuho dropped their price target on shares of Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $305.00 price objective on shares of Lowe’s Companies in a research report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $278.74.

Lowe’s Companies Stock Up 2.9 %

Shares of NYSE:LOW opened at $219.03 on Wednesday. Lowe’s Companies, Inc. has a 52-week low of $206.39 and a 52-week high of $287.01. The business has a fifty day moving average of $231.16 and a two-hundred day moving average of $251.89. The stock has a market cap of $122.59 billion, a P/E ratio of 18.27, a PEG ratio of 1.96 and a beta of 1.07.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.10. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The firm had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.29 billion. On average, equities analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Wednesday, April 23rd. Lowe’s Companies’s payout ratio is presently 37.67%.

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.