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

Laird Norton Wetherby Wealth Management LLC lessened its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 6.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,683 shares of the home improvement retailer’s stock after selling 1,084 shares during the quarter. Laird Norton Wetherby Wealth Management LLC’s holdings in Lowe’s Companies were worth $4,117,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Investor s Fiduciary Advisor Network LLC purchased a new position in Lowe’s Companies during the fourth quarter valued at approximately $865,000. Janus Henderson Group PLC increased its holdings in shares of Lowe’s Companies by 0.4% during the 4th quarter. Janus Henderson Group PLC now owns 82,024 shares of the home improvement retailer’s stock valued at $20,261,000 after purchasing an additional 300 shares in the last quarter. KKM Financial LLC purchased a new position in shares of Lowe’s Companies during the 4th quarter valued at approximately $393,000. Guardian Wealth Advisors LLC NC increased its holdings in shares of Lowe’s Companies by 2.9% during the 4th quarter. Guardian Wealth Advisors LLC NC now owns 5,160 shares of the home improvement retailer’s stock valued at $1,274,000 after purchasing an additional 144 shares in the last quarter. Finally, Gen Wealth Partners Inc increased its holdings in shares of Lowe’s Companies by 1.9% during the 4th quarter. Gen Wealth Partners Inc now owns 2,163 shares of the home improvement retailer’s stock valued at $534,000 after purchasing an additional 40 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on LOW. KeyCorp raised shares of Lowe’s Companies from a “sector weight” rating to an “overweight” rating and set a $266.00 price objective for the company in a report on Friday, April 25th. Morgan Stanley cut their price objective on Lowe’s Companies from $300.00 to $255.00 and set an “overweight” rating for the company in a research report on Monday, May 5th. Royal Bank of Canada cut their price objective on Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating for the company in a research report on Thursday, February 27th. Truist Financial cut their price target on shares of Lowe’s Companies from $295.00 to $258.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Finally, StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus price target of $278.04.

Lowe’s Companies Trading Down 1.0%

Shares of LOW opened at $222.17 on Monday. The firm has a 50-day moving average price of $225.26 and a 200 day moving average price of $246.86. Lowe’s Companies, Inc. has a 12-month low of $206.39 and a 12-month high of $287.01. The firm has a market capitalization of $124.35 billion, a P/E ratio of 18.53, a P/E/G ratio of 1.96 and a beta of 1.00.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.10. The business had revenue of $18.55 billion during the quarter, compared to analysts’ expectations of $18.29 billion. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. Equities research analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date was Wednesday, April 23rd. Lowe’s Companies’s dividend payout ratio is presently 37.67%.

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.