Boston Family Office LLC Sells 1,982 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Boston Family Office LLC lowered its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 8.7% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 20,680 shares of the home improvement retailer’s stock after selling 1,982 shares during the period. Boston Family Office LLC’s holdings in Lowe’s Companies were worth $4,823,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Gen Wealth Partners Inc grew its holdings in Lowe’s Companies by 1.9% during the fourth quarter. Gen Wealth Partners Inc now owns 2,163 shares of the home improvement retailer’s stock worth $534,000 after purchasing an additional 40 shares during the period. Second Line Capital LLC grew its holdings in Lowe’s Companies by 0.9% during the fourth quarter. Second Line Capital LLC now owns 4,793 shares of the home improvement retailer’s stock worth $1,183,000 after purchasing an additional 44 shares during the period. Mitchell Mcleod Pugh & Williams Inc. grew its holdings in Lowe’s Companies by 0.8% during the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,817 shares of the home improvement retailer’s stock worth $1,357,000 after purchasing an additional 47 shares during the period. Fielder Capital Group LLC grew its holdings in Lowe’s Companies by 5.9% during the first quarter. Fielder Capital Group LLC now owns 865 shares of the home improvement retailer’s stock worth $202,000 after purchasing an additional 48 shares during the period. Finally, Dumont & Blake Investment Advisors LLC grew its holdings in Lowe’s Companies by 1.1% during the first quarter. Dumont & Blake Investment Advisors LLC now owns 4,570 shares of the home improvement retailer’s stock worth $1,066,000 after purchasing an additional 49 shares during the period. Institutional investors own 74.06% of the company’s stock.

Insider Buying and Selling

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 1,130 shares of the business’s stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $227.50, for a total transaction of $257,075.00. Following the completion of the transaction, the executive vice president directly owned 31,898 shares in the company, valued at $7,256,795. The trade was a 3.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.27% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on LOW shares. Robert W. Baird reduced their price target on Lowe’s Companies from $295.00 to $285.00 and set an “outperform” rating for the company in a report on Thursday, May 22nd. Citigroup reduced their price objective 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. Truist Financial set a $264.00 price objective on Lowe’s Companies and gave the stock a “buy” rating in a report on Thursday, May 22nd. Morgan Stanley reduced their price objective on Lowe’s Companies from $300.00 to $255.00 and set an “overweight” rating for the company in a report on Monday, May 5th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $305.00 price objective on shares of Lowe’s Companies in a report on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $270.68.

Lowe’s Companies Trading Down 0.5%

Shares of LOW stock opened at $251.86 on Friday. The stock has a market cap of $141.15 billion, a P/E ratio of 20.87, a price-to-earnings-growth ratio of 2.39 and a beta of 0.89. The stock has a 50 day simple moving average of $226.61 and a 200 day simple moving average of $230.50. Lowe’s Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $287.01.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, May 21st. The home improvement retailer reported $2.92 EPS for the quarter, beating the consensus estimate of $2.88 by $0.04. Lowe’s Companies had a net margin of 8.22% and a negative return on equity of 49.12%. The business had revenue of $20.93 billion during the quarter, compared to the consensus estimate of $21.09 billion. During the same period in the previous year, the business earned $3.06 earnings per share. The company’s revenue was down 2.0% on a year-over-year basis. Analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd were given a dividend of $1.20 per share. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a yield of 1.9%. The ex-dividend date was Wednesday, July 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 39.77%.

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.