Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC cut its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 19,062 shares of the home improvement retailer’s stock after selling 343 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Lowe’s Companies were worth $4,704,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Legacy Investment Solutions LLC acquired a new stake in shares of Lowe’s Companies during the third quarter worth $27,000. IFS Advisors LLC acquired a new stake in shares of Lowe’s Companies during the fourth quarter worth $25,000. Marshall Investment Management LLC acquired a new stake in shares of Lowe’s Companies during the fourth quarter worth $31,000. Winch Advisory Services LLC lifted its holdings in shares of Lowe’s Companies by 56.4% during the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after purchasing an additional 44 shares during the period. Finally, Financial Life Planners acquired a new stake in shares of Lowe’s Companies during the fourth quarter worth $45,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Stock Down 0.3 %

LOW opened at $242.84 on Friday. The firm has a market cap of $137.12 billion, a P/E ratio of 20.25, a PEG ratio of 1.96 and a beta of 1.12. Lowe’s Companies, Inc. has a 52 week low of $211.80 and a 52 week high of $287.01. The business’s fifty day simple moving average is $251.90 and its 200 day simple moving average is $259.01.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The firm had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. As a group, equities analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Analysts Set New Price Targets

LOW has been the subject of several research analyst reports. Truist Financial cut their price objective on Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Piper Sandler cut their price objective on Lowe’s Companies from $307.00 to $296.00 and set an “overweight” rating for the company in a research report on Thursday, February 27th. Mizuho cut their price objective on Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. Evercore ISI increased their price objective on Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research report on Thursday, December 12th. Finally, Bank of America cut their price objective on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $280.83.

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.