Norwood Financial Corp Has $997,000 Position in Lowe’s Companies, Inc. (NYSE:LOW)

Norwood Financial Corp lessened its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,915 shares of the home improvement retailer’s stock after selling 130 shares during the period. Lowe’s Companies accounts for about 1.4% of Norwood Financial Corp’s portfolio, making the stock its 14th largest position. Norwood Financial Corp’s holdings in Lowe’s Companies were worth $997,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of LOW. Paragon Private Wealth Management LLC increased its stake in Lowe’s Companies by 13.5% during the 4th quarter. Paragon Private Wealth Management LLC now owns 4,880 shares of the home improvement retailer’s stock valued at $1,086,000 after purchasing an additional 581 shares in the last quarter. ING Groep NV increased its stake in Lowe’s Companies by 18,786.5% during the 4th quarter. ING Groep NV now owns 106,709 shares of the home improvement retailer’s stock valued at $23,748,000 after purchasing an additional 106,144 shares in the last quarter. Clifford Swan Investment Counsel LLC increased its stake in Lowe’s Companies by 0.3% during the 4th quarter. Clifford Swan Investment Counsel LLC now owns 215,442 shares of the home improvement retailer’s stock valued at $47,947,000 after purchasing an additional 541 shares in the last quarter. Brevan Howard Capital Management LP increased its stake in Lowe’s Companies by 824.6% during the 4th quarter. Brevan Howard Capital Management LP now owns 15,339 shares of the home improvement retailer’s stock valued at $3,414,000 after purchasing an additional 13,680 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC increased its stake in Lowe’s Companies by 1.2% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 45,072 shares of the home improvement retailer’s stock valued at $10,031,000 after purchasing an additional 540 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Trading Up 0.3 %

Shares of Lowe’s Companies stock traded up $0.73 on Friday, reaching $220.53. The stock had a trading volume of 12,630,398 shares, compared to its average volume of 2,554,689. Lowe’s Companies, Inc. has a 1 year low of $181.85 and a 1 year high of $262.49. The company has a market cap of $125.67 billion, a P/E ratio of 17.71, a price-to-earnings-growth ratio of 1.68 and a beta of 1.08. The business’s 50 day moving average is $225.32 and its two-hundred day moving average is $228.26.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.94 by $0.12. The firm had revenue of $21.36 billion for the quarter, compared to the consensus estimate of $21.14 billion. Lowe’s Companies had a net margin of 8.46% and a negative return on equity of 48.52%. The company’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same period in the prior year, the firm posted $3.67 earnings per share. On average, equities analysts anticipate that Lowe’s Companies, Inc. will post 12.23 EPS for the current fiscal year.

Lowe’s Companies Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 7th. Investors of record on Wednesday, July 24th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend is Wednesday, July 24th. Lowe’s Companies’s dividend payout ratio (DPR) is 35.34%.

Wall Street Analyst Weigh In

A number of analysts have commented on LOW shares. Truist Financial decreased their price target on shares of Lowe’s Companies from $271.00 to $265.00 and set a “buy” rating for the company in a research note on Wednesday, May 22nd. Evercore ISI reduced their target price on shares of Lowe’s Companies from $255.00 to $250.00 and set an “in-line” rating for the company in a research note on Wednesday, May 22nd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $246.00 target price on shares of Lowe’s Companies in a research note on Wednesday, May 22nd. Citigroup reduced their target price on shares of Lowe’s Companies from $243.00 to $240.00 and set a “neutral” rating for the company in a research note on Tuesday, May 7th. Finally, Gordon Haskett reiterated a “hold” rating and issued a $245.00 target price on shares of Lowe’s Companies in a research note on Wednesday, April 3rd. 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, the stock currently has an average rating of “Hold” and an average target price of $251.33.

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.