Greenleaf Trust Trims Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Greenleaf Trust trimmed its position in Lowe’s Companies, Inc. (NYSE:LOW) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,004 shares of the home improvement retailer’s stock after selling 389 shares during the period. Greenleaf Trust’s holdings in Lowe’s Companies were worth $5,342,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Orion Capital Management LLC purchased a new position in shares of Lowe’s Companies during the 3rd quarter worth about $26,000. VisionPoint Advisory Group LLC lifted its holdings in shares of Lowe’s Companies by 85.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 70 shares during the period. Sanctuary Wealth Management L.L.C. purchased a new position in shares of Lowe’s Companies during the 4th quarter worth about $35,000. Itau Unibanco Holding S.A. purchased a new position in shares of Lowe’s Companies during the 3rd quarter worth about $40,000. Finally, True Wealth Design LLC purchased a new position in shares of Lowe’s Companies during the 4th quarter worth about $42,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LOW has been the topic of several recent analyst reports. Barclays increased their price objective on shares of Lowe’s Companies from $203.00 to $229.00 and gave the stock an “equal weight” rating in a report on Thursday, January 4th. Piper Sandler increased their target price on shares of Lowe’s Companies from $218.00 to $245.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 16th. Wells Fargo & Company increased their target price on shares of Lowe’s Companies from $235.00 to $250.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. Stifel Nicolaus dropped their target price on shares of Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating for the company in a research report on Friday, February 16th. Finally, Oppenheimer reissued a “market perform” rating and set a $230.00 target price on shares of Lowe’s Companies in a research report on Monday, March 4th. Fifteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $252.52.

Lowe’s Companies Stock Performance

Shares of LOW stock traded up $1.47 during mid-day trading on Friday, reaching $230.26. 2,112,198 shares of the company were exchanged, compared to its average volume of 2,546,613. Lowe’s Companies, Inc. has a fifty-two week low of $181.85 and a fifty-two week high of $262.49. The company has a market capitalization of $131.75 billion, a P/E ratio of 17.50, a P/E/G ratio of 1.69 and a beta of 1.13. The business’s 50 day simple moving average is $239.46 and its 200 day simple moving average is $218.46.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.09. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The firm had revenue of $18.60 billion for the quarter, compared to analysts’ expectations of $18.47 billion. During the same period last year, the business posted $2.28 earnings per share. The firm’s revenue for the quarter was down 17.1% on a year-over-year basis. On average, analysts forecast that Lowe’s Companies, Inc. will post 12.21 EPS for the current year.

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.91%. The ex-dividend date is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 33.43%.

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.