Cypress Capital Group Has $4.98 Million Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Cypress Capital Group cut its position in Lowe’s Companies, Inc. (NYSE:LOW) by 4.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,344 shares of the home improvement retailer’s stock after selling 954 shares during the quarter. Cypress Capital Group’s holdings in Lowe’s Companies were worth $4,978,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Wood Tarver Financial Group LLC bought a new position in shares of Lowe’s Companies during the fourth quarter worth about $25,000. Fairway Wealth LLC bought a new position in shares of Lowe’s Companies during the first quarter worth about $32,000. Orion Capital Management LLC bought a new position in shares of Lowe’s Companies during the fourth quarter worth about $36,000. Inlight Wealth Management LLC bought a new position in shares of Lowe’s Companies during the first quarter worth about $36,000. Finally, IFS Advisors LLC raised its position in shares of Lowe’s Companies by 60.0% during the first quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer’s stock worth $37,000 after acquiring an additional 60 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Stock Performance

NYSE:LOW opened at $241.37 on Monday. The firm has a market cap of $135.27 billion, a price-to-earnings ratio of 20.00, a PEG ratio of 2.28 and a beta of 0.89. The business’s fifty day moving average is $224.39 and its 200 day moving average is $230.57. Lowe’s Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $287.01.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share for the quarter, topping analysts’ consensus estimates of $2.88 by $0.04. The business had revenue of $20.93 billion for the quarter, compared to analyst estimates of $21.09 billion. Lowe’s Companies had a negative return on equity of 49.12% and a net margin of 8.22%. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the company earned $3.06 EPS. Equities analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd were given a dividend of $1.20 per share. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.15. The ex-dividend date was Wednesday, July 23rd. This represents a $4.80 annualized dividend and a dividend yield of 2.0%. Lowe’s Companies’s dividend payout ratio is currently 39.77%.

Analysts Set New Price Targets

LOW has been the subject of a number of analyst reports. Mizuho restated an “outperform” rating and set a $280.00 price objective on shares of Lowe’s Companies in a research report on Friday, June 13th. Truist Financial set a $264.00 target price on Lowe’s Companies and gave the stock a “buy” rating in a report on Thursday, May 22nd. Wells Fargo & Company lowered their target price on Lowe’s Companies from $285.00 to $260.00 and set an “overweight” rating for the company in a report on Thursday, May 8th. Citigroup lowered their target price on Lowe’s Companies from $253.00 to $242.00 and set a “neutral” rating for the company in a report on Thursday, July 31st. Finally, Royal Bank Of Canada lowered their target price on Lowe’s Companies from $244.00 to $242.00 and set a “sector perform” rating for the company in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $270.68.

Insider Activity at Lowe’s Companies

In other news, EVP Juliette Williams Pryor sold 1,130 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $227.50, for a total transaction of $257,075.00. Following the transaction, the executive vice president directly owned 31,898 shares in the company, valued at approximately $7,256,795. This represents a 3.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.27% of the company’s stock.

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.