Citizens Financial Group Inc. RI Increases Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Citizens Financial Group Inc. RI grew its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 53.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,538 shares of the home improvement retailer’s stock after purchasing an additional 6,784 shares during the period. Citizens Financial Group Inc. RI’s holdings in Lowe’s Companies were worth $4,307,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. 9258 Wealth Management LLC increased its holdings in shares of Lowe’s Companies by 24.8% in the 4th quarter. 9258 Wealth Management LLC now owns 2,387 shares of the home improvement retailer’s stock valued at $531,000 after purchasing an additional 474 shares in the last quarter. Gryphon Financial Partners LLC increased its holdings in Lowe’s Companies by 10.6% in the fourth quarter. Gryphon Financial Partners LLC now owns 1,441 shares of the home improvement retailer’s stock valued at $315,000 after buying an additional 138 shares in the last quarter. TrinityPoint Wealth LLC lifted its position in shares of Lowe’s Companies by 1.5% during the 4th quarter. TrinityPoint Wealth LLC now owns 6,887 shares of the home improvement retailer’s stock valued at $1,533,000 after acquiring an additional 101 shares during the period. Hillsdale Investment Management Inc. boosted its stake in shares of Lowe’s Companies by 36.4% during the 4th quarter. Hillsdale Investment Management Inc. now owns 2,060 shares of the home improvement retailer’s stock worth $458,000 after acquiring an additional 550 shares in the last quarter. Finally, Coldstream Capital Management Inc. grew its holdings in shares of Lowe’s Companies by 8.7% in the 4th quarter. Coldstream Capital Management Inc. now owns 15,144 shares of the home improvement retailer’s stock worth $3,370,000 after acquiring an additional 1,209 shares during the period. 74.06% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $248.82, for a total transaction of $1,684,262.58. Following the completion of the sale, the chief accounting officer now owns 9,383 shares of the company’s stock, valued at approximately $2,334,678.06. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on LOW shares. Telsey Advisory Group reaffirmed a “market perform” rating and set a $230.00 price objective on shares of Lowe’s Companies in a report on Tuesday, August 20th. Wells Fargo & Company cut their price target on Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating for the company in a research note on Wednesday, August 21st. Bank of America lowered their price objective on shares of Lowe’s Companies from $280.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, August 21st. Truist Financial lifted their target price on shares of Lowe’s Companies from $265.00 to $269.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Finally, StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Twelve research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $252.83.

Lowe’s Companies Stock Performance

Shares of LOW stock opened at $256.64 on Tuesday. The firm has a market capitalization of $146.24 billion, a price-to-earnings ratio of 20.61, a price-to-earnings-growth ratio of 2.03 and a beta of 1.10. Lowe’s Companies, Inc. has a one year low of $181.85 and a one year high of $262.49. The company has a 50 day moving average price of $240.90 and a 200 day moving average price of $234.86.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.96 by $0.14. The company had revenue of $23.59 billion during the quarter, compared to analysts’ expectations of $23.93 billion. Lowe’s Companies had a net margin of 8.25% and a negative return on equity of 47.07%. The business’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period in the previous year, the company earned $4.56 EPS. As a group, equities analysts forecast that Lowe’s Companies, Inc. will post 11.93 EPS for the current fiscal year.

Lowe’s Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.79%. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.15. The ex-dividend date is Wednesday, October 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is 36.95%.

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.