Strs Ohio Sells 4,650 Shares of Lowe’s Companies, Inc. $LOW

Strs Ohio lessened its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 2.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 184,123 shares of the home improvement retailer’s stock after selling 4,650 shares during the period. Strs Ohio’s holdings in Lowe’s Companies were worth $46,272,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of LOW. Howard Hughes Medical Institute purchased a new stake in Lowe’s Companies during the second quarter worth $27,000. Solstein Capital LLC increased its holdings in shares of Lowe’s Companies by 627.8% in the 2nd quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock valued at $29,000 after acquiring an additional 113 shares during the period. Traub Capital Management LLC purchased a new position in shares of Lowe’s Companies in the 2nd quarter valued at $30,000. Vermillion & White Wealth Management Group LLC raised its position in shares of Lowe’s Companies by 128.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 135 shares of the home improvement retailer’s stock worth $30,000 after acquiring an additional 76 shares in the last quarter. Finally, Olistico Wealth LLC purchased a new stake in shares of Lowe’s Companies during the 2nd quarter worth $33,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Up 0.5%

LOW opened at $276.46 on Friday. The company has a market cap of $155.08 billion, a P/E ratio of 22.92, a price-to-earnings-growth ratio of 4.56 and a beta of 0.96. The firm’s 50-day moving average price is $249.28 and its 200-day moving average price is $246.05. Lowe’s Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $281.36.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, November 26th. The home improvement retailer reported $3.06 EPS for the quarter, topping analysts’ consensus estimates of $2.97 by $0.09. The company had revenue of $20.81 billion during the quarter, compared to analysts’ expectations of $20.88 billion. Lowe’s Companies had a net margin of 8.05% and a negative return on equity of 55.86%. Lowe’s Companies’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period last year, the business earned $2.89 EPS. On average, research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 21st will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, January 21st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.7%. Lowe’s Companies’s payout ratio is 39.80%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Truist Financial set a $295.00 target price on Lowe’s Companies in a research note on Friday, January 16th. Mizuho lowered their price target on shares of Lowe’s Companies from $285.00 to $272.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. Argus cut their price objective on shares of Lowe’s Companies from $290.00 to $286.00 and set a “buy” rating on the stock in a research report on Tuesday, December 2nd. Sanford C. Bernstein boosted their price objective on shares of Lowe’s Companies from $282.00 to $284.00 and gave the stock an “outperform” rating in a research note on Thursday, November 20th. Finally, Evercore ISI reissued a “positive” rating on shares of Lowe’s Companies in a research report on Thursday, November 20th. Nineteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Lowe’s Companies currently has an average rating of “Moderate Buy” and a consensus target price of $283.65.

Insider Buying and Selling at Lowe’s Companies

In related news, CEO Marvin R. Ellison sold 18,000 shares of the company’s stock in a transaction on Friday, January 9th. The stock was sold at an average price of $261.17, for a total value of $4,701,060.00. Following the transaction, the chief executive officer directly owned 231,043 shares of the company’s stock, valued at $60,341,500.31. This represents a 7.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.27% of the stock is owned by company insiders.

About Lowe’s Companies

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.