Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC decreased its position in Lowe’s Companies, Inc. (NYSE:LOWGet Rating) by 1.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 304,661 shares of the home improvement retailer’s stock after selling 3,951 shares during the quarter. Confluence Investment Management LLC’s holdings in Lowe’s Companies were worth $53,215,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of LOW. Personal Capital Advisors Corp boosted its position in shares of Lowe’s Companies by 0.6% in the 1st quarter. Personal Capital Advisors Corp now owns 167,111 shares of the home improvement retailer’s stock valued at $33,788,000 after purchasing an additional 931 shares during the period. CX Institutional boosted its position in shares of Lowe’s Companies by 10.1% in the 1st quarter. CX Institutional now owns 2,315 shares of the home improvement retailer’s stock valued at $468,000 after purchasing an additional 212 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Lowe’s Companies by 10.8% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 32,253 shares of the home improvement retailer’s stock valued at $6,521,000 after purchasing an additional 3,147 shares during the period. Simplicity Wealth LLC acquired a new position in shares of Lowe’s Companies in the 1st quarter valued at $1,021,000. Finally, Pure Financial Advisors LLC acquired a new position in shares of Lowe’s Companies in the 1st quarter valued at $328,000. Institutional investors and hedge funds own 74.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Piper Sandler increased their price target on Lowe’s Companies to $248.00 in a research report on Monday, August 22nd. Evercore ISI increased their price target on Lowe’s Companies from $240.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, August 18th. TheStreet raised Lowe’s Companies from a “c+” rating to a “b” rating in a research note on Monday, August 29th. Robert W. Baird increased their price objective on Lowe’s Companies from $225.00 to $235.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 17th. Finally, UBS Group increased their price objective on Lowe’s Companies from $240.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, August 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $244.05.

Lowe’s Companies Price Performance

LOW opened at $191.81 on Monday. Lowe’s Companies, Inc. has a fifty-two week low of $170.12 and a fifty-two week high of $263.31. The business has a 50-day moving average of $197.29 and a 200-day moving average of $198.50. The company has a market capitalization of $119.06 billion, a PE ratio of 15.12, a price-to-earnings-growth ratio of 1.08 and a beta of 1.22.

Lowe’s Companies (NYSE:LOWGet Rating) last issued its quarterly earnings data on Wednesday, August 17th. The home improvement retailer reported $4.67 EPS for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. The business had revenue of $27.48 billion for the quarter, compared to analyst estimates of $28.16 billion. Lowe’s Companies had a negative return on equity of 155.26% and a net margin of 8.83%. The firm’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.25 EPS. On average, equities research analysts expect that Lowe’s Companies, Inc. will post 13.51 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 2nd. Stockholders of record on Wednesday, October 19th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date is Tuesday, October 18th. Lowe’s Companies’s dividend payout ratio is 33.10%.

Insider Activity

In other news, EVP Seemantini Godbole sold 11,761 shares of the stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $214.37, for a total transaction of $2,521,205.57. Following the transaction, the executive vice president now owns 26,575 shares of the company’s stock, valued at approximately $5,696,882.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.24% of the stock is currently owned by insiders.

Lowe’s Companies Profile

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Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States and internationally. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It 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, lighting, and electrical.

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Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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