Beck Mack & Oliver LLC Sells 1,452 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Beck Mack & Oliver LLC lessened its position in Lowe’s Companies, Inc. (NYSE:LOW) by 1.0% during the 4th quarter, Holdings Channel reports. The firm owned 150,052 shares of the home improvement retailer’s stock after selling 1,452 shares during the quarter. Beck Mack & Oliver LLC’s holdings in Lowe’s Companies were worth $37,033,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in LOW. IFS Advisors LLC bought a new stake in Lowe’s Companies during the fourth quarter worth about $25,000. Winch Advisory Services LLC raised its position in Lowe’s Companies by 56.4% in the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after purchasing an additional 44 shares during the last quarter. Marshall Investment Management LLC acquired a new position in Lowe’s Companies in the fourth quarter worth $31,000. Caisse Des Depots ET Consignations acquired a new stake in shares of Lowe’s Companies in the fourth quarter valued at $33,000. Finally, Millstone Evans Group LLC bought a new position in shares of Lowe’s Companies in the fourth quarter valued at about $44,000. Institutional investors own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on LOW. Truist Financial dropped their target price on shares of Lowe’s Companies from $295.00 to $258.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. BNP Paribas upgraded Lowe’s Companies to a “strong sell” rating in a research report on Thursday, February 27th. Bank of America cut their price target on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, DA Davidson reiterated a “neutral” rating and set a $270.00 price target on shares of Lowe’s Companies in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $278.74.

Lowe’s Companies Stock Performance

Shares of LOW opened at $219.01 on Friday. The firm has a market capitalization of $122.58 billion, a PE ratio of 18.27, a P/E/G ratio of 1.96 and a beta of 1.07. The stock has a 50 day simple moving average of $232.59 and a 200 day simple moving average of $252.76. Lowe’s Companies, Inc. has a 52-week low of $206.39 and a 52-week high of $287.01.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.10. The company had revenue of $18.55 billion during the quarter, compared to the consensus estimate 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 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a dividend yield of 2.10%. Lowe’s Companies’s dividend payout ratio is currently 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.