Mcdaniel Terry & Co. Sells 1,018 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Mcdaniel Terry & Co. lowered its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 31.7% during the first quarter, HoldingsChannel.com reports. The fund owned 2,195 shares of the home improvement retailer’s stock after selling 1,018 shares during the period. Mcdaniel Terry & Co.’s holdings in Lowe’s Companies were worth $512,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in LOW. Wood Tarver Financial Group LLC acquired a new position in Lowe’s Companies in the fourth quarter valued at about $25,000. Caisse Des Depots ET Consignations acquired a new position in Lowe’s Companies in the fourth quarter valued at approximately $33,000. Orion Capital Management LLC acquired a new position in Lowe’s Companies in the fourth quarter valued at approximately $36,000. Inlight Wealth Management LLC bought a new stake in Lowe’s Companies in the first quarter valued at approximately $36,000. Finally, IFS Advisors LLC increased 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 in the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

LOW stock opened at $223.66 on Friday. The company has a 50 day simple moving average of $223.18 and a 200 day simple moving average of $236.26. The stock has a market cap of $125.35 billion, a price-to-earnings ratio of 18.53, a P/E/G ratio of 2.09 and a beta of 0.92. Lowe’s Companies, Inc. has a 1 year low of $206.39 and a 1 year high of $287.01.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share (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 firm had revenue of $20.93 billion during the quarter, compared to analysts’ expectations of $21.09 billion. During the same period in the prior year, the company posted $3.06 EPS. The company’s revenue was down 2.0% on a year-over-year basis. On average, equities research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd will be given a $1.20 dividend. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Wednesday, July 23rd. Lowe’s Companies’s dividend payout ratio is 38.11%.

Analyst Ratings Changes

Several brokerages have recently issued reports on LOW. Stifel Nicolaus lowered 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 report on Tuesday, May 27th. KeyCorp upgraded shares of Lowe’s Companies from a “sector weight” rating to an “overweight” rating and set a $266.00 price target for the company in a research note on Friday, April 25th. Robert W. Baird cut their price target 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. Truist Financial set a $264.00 target price on shares of Lowe’s Companies and gave the stock a “buy” rating in a research note on Thursday, May 22nd. Finally, Citigroup reaffirmed a “neutral” rating and set a $253.00 price target (down from $269.00) on shares of Lowe’s Companies in a research report on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and an average target price of $271.12.

Insider Activity

In other 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 sale, the executive vice president now directly owns 31,898 shares of the company’s stock, valued at approximately $7,256,795. This represents a 3.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.27% of the company’s stock.

Lowe’s Companies Company 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.