First Bank & Trust Acquires 46 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

First Bank & Trust boosted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 3.1% during the 1st quarter, HoldingsChannel.com reports. The fund owned 1,509 shares of the home improvement retailer’s stock after buying an additional 46 shares during the period. First Bank & Trust’s holdings in Lowe’s Companies were worth $384,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LOW. Paragon Private Wealth Management LLC lifted its holdings in shares of 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 buying an additional 581 shares during the period. ING Groep NV lifted its holdings in shares of 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 buying an additional 106,144 shares during the period. Clifford Swan Investment Counsel LLC lifted its holdings in shares of 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 buying an additional 541 shares during the period. Brevan Howard Capital Management LP lifted its holdings in shares of 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 buying an additional 13,680 shares during the period. Finally, Cary Street Partners Investment Advisory LLC lifted its holdings in shares of 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 buying an additional 540 shares during the period. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Stock Up 0.3 %

Shares of Lowe’s Companies stock opened at $220.46 on Friday. The firm has a market cap of $125.63 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 1.69 and a beta of 1.08. The business has a 50-day moving average price of $225.32 and a 200-day moving average price of $228.40. 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 quarterly earnings data on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.94 by $0.12. The firm had revenue of $21.36 billion during the quarter, compared to analyst estimates of $21.14 billion. Lowe’s Companies had a negative return on equity of 48.52% and a net margin of 8.46%. The business’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter last year, the business posted $3.67 earnings per share. On average, equities analysts expect that Lowe’s Companies, Inc. will post 12.23 EPS for the current fiscal year.

Lowe’s Companies Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 7th. Investors of record on Wednesday, July 24th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date is Wednesday, July 24th. Lowe’s Companies’s payout ratio is 35.34%.

Analyst Upgrades and Downgrades

LOW has been the topic of several research analyst reports. DA Davidson lowered their price target on Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating on the stock in a report on Wednesday, May 22nd. Truist Financial decreased their target price on Lowe’s Companies from $271.00 to $265.00 and set a “buy” rating on the stock in a report on Wednesday, May 22nd. StockNews.com cut Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Tuesday, June 18th. Mizuho initiated coverage on Lowe’s Companies in a report on Tuesday, March 19th. They issued a “buy” rating and a $280.00 target price on the stock. Finally, Citigroup decreased their target price on Lowe’s Companies from $243.00 to $240.00 and set a “neutral” rating on the stock in a report on Tuesday, May 7th. 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, Lowe’s Companies has an average rating of “Hold” and an average price target of $251.33.

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.