Daymark Wealth Partners LLC Sells 697 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Daymark Wealth Partners LLC lessened its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,063 shares of the home improvement retailer’s stock after selling 697 shares during the period. Daymark Wealth Partners LLC’s holdings in Lowe’s Companies were worth $5,612,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC grew its stake in Lowe’s Companies by 119.7% in the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock worth $7,889,000 after buying an additional 17,413 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in Lowe’s Companies by 31.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock worth $266,000 after buying an additional 259 shares in the last quarter. World Equity Group Inc. purchased a new position in Lowe’s Companies in the 4th quarter worth approximately $298,000. Y Intercept Hong Kong Ltd purchased a new position in Lowe’s Companies in the 4th quarter worth approximately $353,000. Finally, Crestwood Advisors Group LLC grew its stake in Lowe’s Companies by 0.7% in the 4th quarter. Crestwood Advisors Group LLC now owns 8,800 shares of the home improvement retailer’s stock worth $2,172,000 after buying an additional 65 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 0.7%

NYSE:LOW opened at $220.12 on Wednesday. The company has a fifty day moving average of $222.91 and a 200 day moving average of $237.06. Lowe’s Companies, Inc. has a 52 week low of $206.39 and a 52 week high of $287.01. The firm has a market capitalization of $123.36 billion, a P/E ratio of 18.24, a P/E/G ratio of 2.07 and a beta of 0.92.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $20.93 billion during the quarter, compared to analyst estimates of $21.09 billion. During the same period in the prior year, the business posted $3.06 EPS. The firm’s revenue was down 2.0% compared to the same quarter last year. As a group, analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd will be issued a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, July 23rd. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a yield of 2.18%. Lowe’s Companies’s dividend payout ratio is 38.11%.

Insiders Place Their Bets

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 1,130 shares of the company’s stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $227.50, for a total value of $257,075.00. Following the completion of the transaction, the executive vice president now directly owns 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 the SEC website. Company insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on LOW shares. DA Davidson cut their price target on shares of Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating for the company in a research note on Thursday, May 22nd. JPMorgan Chase & Co. cut their price target on shares of Lowe’s Companies from $300.00 to $263.00 and set an “overweight” rating for the company in a research note on Tuesday, May 6th. Mizuho reissued an “outperform” rating and issued a $280.00 price target on shares of Lowe’s Companies in a research note on Friday, June 13th. Stifel Nicolaus cut their price objective on shares of Lowe’s Companies from $250.00 to $240.00 and set a “hold” rating for the company in a research note on Tuesday, May 27th. Finally, Robert W. Baird cut their price objective on shares of Lowe’s Companies from $295.00 to $285.00 and set an “outperform” rating for the company in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $271.12.

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.