Dearborn Partners LLC Has $991,000 Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Dearborn Partners LLC trimmed its position in Lowe’s Companies, Inc. (NYSE:LOW) by 31.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,251 shares of the home improvement retailer’s stock after selling 1,976 shares during the quarter. Dearborn Partners LLC’s holdings in Lowe’s Companies were worth $991,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in LOW. State of Alaska Department of Revenue grew its holdings in shares of Lowe’s Companies by 1.2% during the 1st quarter. State of Alaska Department of Revenue now owns 125,299 shares of the home improvement retailer’s stock valued at $29,223,000 after acquiring an additional 1,470 shares in the last quarter. Aptus Capital Advisors LLC grew its stake in shares of Lowe’s Companies by 14.0% in the 4th quarter. Aptus Capital Advisors LLC now owns 106,305 shares of the home improvement retailer’s stock valued at $26,236,000 after buying an additional 13,092 shares in the last quarter. World Investment Advisors increased its holdings in Lowe’s Companies by 11.0% in the fourth quarter. World Investment Advisors now owns 26,329 shares of the home improvement retailer’s stock worth $6,498,000 after buying an additional 2,615 shares during the last quarter. Larson Financial Group LLC raised its position in Lowe’s Companies by 8.1% during the first quarter. Larson Financial Group LLC now owns 16,551 shares of the home improvement retailer’s stock valued at $3,860,000 after acquiring an additional 1,242 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Lowe’s Companies by 16.3% in the fourth quarter. Northern Trust Corp now owns 7,074,391 shares of the home improvement retailer’s stock valued at $1,745,960,000 after acquiring an additional 993,833 shares during the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Price Performance

NYSE LOW opened at $229.98 on Wednesday. The company’s fifty day moving average is $222.93 and its two-hundred day moving average is $232.12. The firm has a market capitalization of $128.89 billion, a price-to-earnings ratio of 19.05, a P/E/G ratio of 2.17 and a beta of 0.90. Lowe’s Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $287.01.

Lowe’s Companies (NYSE:LOW) last issued its 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. The business had revenue of $20.93 billion during the quarter, compared to analyst estimates of $21.09 billion. Lowe’s Companies had a negative return on equity of 49.12% and a net margin of 8.22%. Lowe’s Companies’s revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the company posted $3.06 earnings per share. As a group, sell-side analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share 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. Investors of record on Wednesday, July 23rd will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 2.09%. 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. Lowe’s Companies’s dividend payout ratio is 39.77%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on LOW shares. Wells Fargo & Company dropped their price target on shares of Lowe’s Companies from $285.00 to $260.00 and set an “overweight” rating on the stock in a research note on Thursday, May 8th. Robert W. Baird lowered their target price on shares of Lowe’s Companies from $295.00 to $285.00 and set an “outperform” rating on the stock in a research report on Thursday, May 22nd. Stifel Nicolaus cut 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. Wall Street Zen raised Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Tuesday, April 15th. Finally, Truist Financial set a $264.00 price objective on Lowe’s Companies and gave the company a “buy” rating in a research note on Thursday, May 22nd. 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $271.12.

Insider Buying and Selling

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 1,130 shares of Lowe’s Companies stock in a transaction that occurred 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 sale, the executive vice president directly owned 31,898 shares of the company’s stock, valued at approximately $7,256,795. The trade was a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.27% of the stock is currently owned by corporate insiders.

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.