Massmutual Trust Co. FSB ADV lowered its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,796 shares of the home improvement retailer’s stock after selling 545 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Lowe’s Companies were worth $7,430,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in LOW. HighMark Wealth Management LLC increased its stake in Lowe’s Companies by 272.1% during the 3rd quarter. HighMark Wealth Management LLC now owns 160 shares of the home improvement retailer’s stock valued at $28,000 after purchasing an additional 117 shares in the last quarter. Carolina Wealth Advisors LLC purchased a new position in Lowe’s Companies in the 3rd quarter worth $33,000. Danda Trouve Investment Management Inc. lifted its position in Lowe’s Companies by 73.9% during the 3rd quarter. Danda Trouve Investment Management Inc. now owns 200 shares of the home improvement retailer’s stock worth $33,000 after acquiring an additional 85 shares during the period. Simon Quick Advisors LLC grew its stake in Lowe’s Companies by 405.1% during the 3rd quarter. Simon Quick Advisors LLC now owns 298 shares of the home improvement retailer’s stock valued at $49,000 after purchasing an additional 239 shares during the last quarter. Finally, Truvestments Capital LLC increased its holdings in shares of Lowe’s Companies by 236.5% in the second quarter. Truvestments Capital LLC now owns 387 shares of the home improvement retailer’s stock valued at $52,000 after purchasing an additional 272 shares during the period. 74.63% of the stock is owned by hedge funds and other institutional investors.
NYSE LOW traded down $2.49 during trading hours on Monday, hitting $152.18. 108,966 shares of the company’s stock traded hands, compared to its average volume of 5,101,861. The company has a market capitalization of $116.89 billion, a PE ratio of 20.57, a PEG ratio of 1.22 and a beta of 1.52. The company has a debt-to-equity ratio of 4.64, a current ratio of 1.30 and a quick ratio of 0.65. Lowe’s Companies, Inc. has a 52-week low of $60.00 and a 52-week high of $180.67. The firm’s 50-day moving average is $164.45 and its 200-day moving average is $149.38.
Lowe’s Companies (NYSE:LOW) last issued its earnings results on Tuesday, November 17th. The home improvement retailer reported $1.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.97 by $0.01. Lowe’s Companies had a return on equity of 228.17% and a net margin of 7.12%. The business had revenue of $22.31 billion for the quarter, compared to analysts’ expectations of $21.08 billion. During the same period in the previous year, the firm posted $1.41 EPS. Equities research analysts predict that Lowe’s Companies, Inc. will post 8.51 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 3rd. Shareholders of record on Wednesday, January 20th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.58%. The ex-dividend date is Tuesday, January 19th. Lowe’s Companies’s payout ratio is currently 41.96%.
LOW has been the topic of several research reports. Piper Sandler increased their price target on shares of Lowe’s Companies from $170.00 to $185.00 in a report on Thursday, August 20th. ValuEngine lowered shares of Lowe’s Companies from a “hold” rating to a “sell” rating in a research note on Tuesday, November 10th. Guggenheim raised their target price on shares of Lowe’s Companies from $135.00 to $175.00 in a report on Thursday, August 20th. Oppenheimer lowered shares of Lowe’s Companies from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $185.00 to $180.00 in a report on Friday, September 18th. Finally, Bank of America lifted their price objective on Lowe’s Companies from $176.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $169.63.
Lowe’s Companies Company Profile
Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as appliances, dÃ©cor, paint, hardware, millwork, lawn and garden, lighting, lumber and building materials, flooring, kitchens and bath, rough plumbing and electrical, seasonal and outdoor living, and tools.
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