Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Cumberland Partners Ltd

Cumberland Partners Ltd reduced its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,704 shares of the home improvement retailer’s stock after selling 500 shares during the period. Cumberland Partners Ltd’s holdings in Lowe’s Companies were worth $2,640,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in LOW. GAMMA Investing LLC purchased a new position in Lowe’s Companies in the 4th quarter valued at about $619,000. Linden Thomas Advisory Services LLC lifted its holdings in Lowe’s Companies by 10.2% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 7,758 shares of the home improvement retailer’s stock worth $1,727,000 after buying an additional 721 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Lowe’s Companies by 5.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 8,991 shares of the home improvement retailer’s stock valued at $2,001,000 after purchasing an additional 460 shares during the last quarter. SlateStone Wealth LLC lifted its position in Lowe’s Companies by 6.2% in the 4th quarter. SlateStone Wealth LLC now owns 1,673 shares of the home improvement retailer’s stock valued at $372,000 after purchasing an additional 97 shares during the last quarter. Finally, Stockman Wealth Management Inc. lifted its holdings in Lowe’s Companies by 2.4% in the fourth quarter. Stockman Wealth Management Inc. now owns 28,062 shares of the home improvement retailer’s stock worth $6,245,000 after purchasing an additional 654 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

LOW stock traded up $2.46 during trading on Tuesday, hitting $233.69. 2,189,739 shares of the company traded hands, compared to its average volume of 2,533,403. Lowe’s Companies, Inc. has a 1 year low of $181.85 and a 1 year high of $262.49. The firm has a market capitalization of $133.72 billion, a PE ratio of 17.76, a P/E/G ratio of 1.70 and a beta of 1.13. The company has a 50-day moving average of $239.82 and a 200-day moving average of $219.35.

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 for the quarter, topping analysts’ consensus estimates of $1.68 by $0.09. The company had revenue of $18.60 billion during the quarter, compared to analyst estimates of $18.47 billion. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The firm’s revenue for the quarter was down 17.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.28 EPS. Sell-side analysts expect that Lowe’s Companies, Inc. will post 12.21 EPS for the current year.

Lowe’s Companies Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lowe’s Companies’s payout ratio is presently 33.43%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on LOW shares. Morgan Stanley raised their target price on shares of Lowe’s Companies from $240.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Piper Sandler upped their price objective on shares of Lowe’s Companies from $218.00 to $245.00 and gave the company an “overweight” rating in a research note on Tuesday, January 16th. Evercore ISI dropped their target price on Lowe’s Companies from $280.00 to $275.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 16th. Zelman & Associates reissued a “neutral” rating and set a $265.00 price objective on shares of Lowe’s Companies in a research report on Tuesday, April 2nd. Finally, Gordon Haskett reaffirmed a “hold” rating and issued a $245.00 price target on shares of Lowe’s Companies in a research report on Wednesday, April 3rd. Fifteen research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $252.52.

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.