Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Williams Jones Wealth Management LLC.

Williams Jones Wealth Management LLC. lessened its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 112,722 shares of the home improvement retailer’s stock after selling 2,194 shares during the period. Williams Jones Wealth Management LLC.’s holdings in Lowe’s Companies were worth $27,820,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Woodline Partners LP purchased a new stake in shares of Lowe’s Companies in the 4th quarter valued at $8,408,000. Vestment Financial LLC acquired a new stake in Lowe’s Companies during the fourth quarter valued at $984,000. Vident Advisory LLC grew its position in Lowe’s Companies by 239.9% during the fourth quarter. Vident Advisory LLC now owns 68,079 shares of the home improvement retailer’s stock valued at $16,804,000 after buying an additional 48,047 shares during the period. Vivaldi Capital Management LP purchased a new position in Lowe’s Companies in the fourth quarter valued at $261,000. Finally, St. Clair Advisors LLC acquired a new position in shares of Lowe’s Companies in the fourth quarter worth about $1,394,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Trading Up 0.1%

Lowe’s Companies stock opened at $234.44 on Tuesday. The stock’s fifty day simple moving average is $224.47 and its 200-day simple moving average is $245.52. Lowe’s Companies, Inc. has a twelve month low of $206.39 and a twelve month high of $287.01. The firm has a market capitalization of $131.22 billion, a P/E ratio of 19.55, a P/E/G ratio of 1.96 and a beta of 1.00.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, topping the consensus estimate of $1.83 by $0.10. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The company had revenue of $18.55 billion during the quarter, compared to analysts’ expectations of $18.29 billion. Sell-side analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were paid a dividend of $1.15 per share. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.96%. Lowe’s Companies’s payout ratio is currently 37.67%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Piper Sandler dropped their target price on Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating on the stock in a research report on Monday, March 24th. BNP Paribas raised Lowe’s Companies to a “strong sell” rating in a report on Thursday, February 27th. 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. 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. Finally, KeyCorp raised 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 report on Friday, April 25th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $276.17.

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.