Lowe’s Companies, Inc. (NYSE:LOW) Stake Trimmed by Folger Nolan Fleming Douglas Capital Management Inc.

Folger Nolan Fleming Douglas Capital Management Inc. lowered its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 2.5% during the fourth quarter, HoldingsChannel reports. The firm owned 84,036 shares of the home improvement retailer’s stock after selling 2,119 shares during the period. Lowe’s Companies accounts for approximately 2.0% of Folger Nolan Fleming Douglas Capital Management Inc.’s holdings, making the stock its 8th biggest position. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Lowe’s Companies were worth $18,702,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Wetzel Investment Advisors Inc. purchased a new position in Lowe’s Companies during the 4th quarter valued at about $25,000. Orion Capital Management LLC purchased a new position in Lowe’s Companies during the 3rd quarter valued at about $26,000. VisionPoint Advisory Group LLC grew its stake in 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 valued at $32,000 after acquiring an additional 70 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new position in Lowe’s Companies during the 3rd quarter valued at about $40,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new position in Lowe’s Companies during the 4th quarter valued at about $47,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

Shares of NYSE LOW traded down $0.09 during trading hours on Friday, reaching $229.87. The stock had a trading volume of 2,001,196 shares, compared to its average volume of 2,110,073. The business’s fifty day moving average is $239.98 and its two-hundred day moving average is $219.70. The company has a market cap of $131.53 billion, a price-to-earnings ratio of 17.47, a PEG ratio of 1.70 and a beta of 1.13. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.09. The business had revenue of $18.60 billion during the quarter, compared to analyst estimates of $18.47 billion. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. Lowe’s Companies’s revenue was down 17.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.28 earnings per share. Sell-side analysts forecast that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on LOW shares. Stifel Nicolaus lowered their target price on Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating on the stock in a research note on Friday, February 16th. Citigroup lifted their price target on Lowe’s Companies from $199.00 to $236.00 and gave the company a “neutral” rating in a report on Wednesday, February 21st. Truist Financial lifted their price target on Lowe’s Companies from $258.00 to $271.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. JPMorgan Chase & Co. lifted their price target on Lowe’s Companies from $265.00 to $268.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. Finally, Mizuho initiated coverage on Lowe’s Companies in a report on Tuesday, March 19th. They set a “buy” rating and a $280.00 price target for the company. Fifteen analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Lowe’s Companies presently has an average rating of “Hold” and a consensus price target of $252.52.

Lowe’s Companies Company 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.