Cable Hill Partners LLC Acquires New Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Cable Hill Partners LLC acquired a new stake in Lowe’s Companies, Inc. (NYSE:LOW) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,107 shares of the home improvement retailer’s stock, valued at approximately $248,000.

Other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in Lowe’s Companies in the 4th quarter valued at approximately $1,842,954,000. Kovitz Investment Group Partners LLC grew its holdings in Lowe’s Companies by 350.2% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,373,460 shares of the home improvement retailer’s stock valued at $585,770,000 after buying an additional 1,846,315 shares during the last quarter. GAMMA Investing LLC grew its holdings in Lowe’s Companies by 26,796.0% in the 1st quarter. GAMMA Investing LLC now owns 1,657,332 shares of the home improvement retailer’s stock valued at $386,540,000 after buying an additional 1,651,170 shares during the last quarter. Northern Trust Corp grew its holdings in Lowe’s Companies by 16.3% in the 4th quarter. Northern Trust Corp now owns 7,074,391 shares of the home improvement retailer’s stock valued at $1,745,960,000 after buying an additional 993,833 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in Lowe’s Companies by 1,048.5% in the 1st quarter. Assenagon Asset Management S.A. now owns 739,727 shares of the home improvement retailer’s stock valued at $172,527,000 after buying an additional 675,318 shares during the last quarter. 74.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Stifel Nicolaus lowered their target price on Lowe’s Companies from $250.00 to $240.00 and set a “hold” rating on the stock in a report on Tuesday, May 27th. JPMorgan Chase & Co. decreased their price objective on Lowe’s Companies from $300.00 to $263.00 and set an “overweight” rating on the stock in a report on Tuesday, May 6th. Truist Financial set a $264.00 price objective on Lowe’s Companies and gave the stock a “buy” rating in a report on Thursday, May 22nd. Robert W. Baird decreased their price objective on Lowe’s Companies from $295.00 to $285.00 and set an “outperform” rating on the stock in a report on Thursday, May 22nd. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $305.00 price objective on shares of Lowe’s Companies in a report on Wednesday, May 21st. One 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $271.12.

Insider Buying and Selling at Lowe’s Companies

In other news, EVP Juliette Williams Pryor sold 1,130 shares of the business’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $227.50, for a total transaction of $257,075.00. Following the completion of the sale, the executive vice president owned 31,898 shares in the company, valued at $7,256,795. The trade was a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.27% of the stock is currently owned by insiders.

Lowe’s Companies Stock Performance

Shares of LOW opened at $216.56 on Thursday. The stock has a fifty day moving average price of $223.79 and a two-hundred day moving average price of $233.60. Lowe’s Companies, Inc. has a 52-week low of $206.39 and a 52-week high of $287.01. The company has a market cap of $121.37 billion, a price-to-earnings ratio of 17.94, a PEG ratio of 2.03 and a beta of 0.90.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data 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. The firm had revenue of $20.93 billion during the quarter, compared to the consensus estimate of $21.09 billion. Lowe’s Companies had a negative return on equity of 49.12% and a net margin of 8.22%. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.06 EPS. As a group, research analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, July 23rd. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.22%. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.15. Lowe’s Companies’s payout ratio is presently 38.11%.

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.