Gryphon Financial Partners LLC Increases Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Gryphon Financial Partners LLC grew its position in Lowe’s Companies, Inc. (NYSE:LOWFree Report) by 10.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,441 shares of the home improvement retailer’s stock after purchasing an additional 138 shares during the period. Gryphon Financial Partners LLC’s holdings in Lowe’s Companies were worth $315,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Morgan Stanley raised its holdings in shares of Lowe’s Companies by 1.1% in the third quarter. Morgan Stanley now owns 10,930,693 shares of the home improvement retailer’s stock valued at $2,271,836,000 after purchasing an additional 116,855 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Lowe’s Companies by 1.1% in the third quarter. Northern Trust Corp now owns 7,138,824 shares of the home improvement retailer’s stock valued at $1,483,733,000 after purchasing an additional 78,901 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Lowe’s Companies by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,211,131 shares of the home improvement retailer’s stock valued at $714,637,000 after purchasing an additional 41,451 shares during the last quarter. Schroder Investment Management Group increased its holdings in Lowe’s Companies by 189.5% during the third quarter. Schroder Investment Management Group now owns 2,798,268 shares of the home improvement retailer’s stock worth $581,592,000 after buying an additional 1,831,727 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board increased its holdings in Lowe’s Companies by 187,225.6% during the third quarter. Ontario Teachers Pension Plan Board now owns 2,111,159 shares of the home improvement retailer’s stock worth $438,783,000 after buying an additional 2,110,032 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Citigroup decreased their price objective on shares of Lowe’s Companies from $243.00 to $240.00 and set a “neutral” rating for the company in a report on Tuesday, May 7th. Mizuho assumed coverage on shares of Lowe’s Companies in a report on Tuesday, March 19th. They set a “buy” rating and a $280.00 price objective for the company. Telsey Advisory Group restated a “market perform” rating and set a $230.00 price objective on shares of Lowe’s Companies in a report on Tuesday, May 21st. Evercore ISI decreased their price objective on shares of Lowe’s Companies from $255.00 to $250.00 and set an “in-line” rating for the company in a report on Wednesday, May 22nd. Finally, Wells Fargo & Company raised their price objective on shares of Lowe’s Companies from $235.00 to $250.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. Fourteen analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $251.33.

Check Out Our Latest Analysis on LOW

Lowe’s Companies Trading Up 2.7 %

LOW stock opened at $221.29 on Friday. The firm has a 50 day moving average of $232.81 and a 200-day moving average of $225.75. Lowe’s Companies, Inc. has a 12 month low of $181.85 and a 12 month high of $262.49. The firm has a market capitalization of $126.62 billion, a P/E ratio of 17.77, a price-to-earnings-growth ratio of 1.65 and a beta of 1.15.

Lowe’s Companies (NYSE:LOWGet Free Report) last announced its earnings results 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 business 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%. Lowe’s Companies’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period last year, the firm posted $3.67 earnings per share. Sell-side analysts predict that Lowe’s Companies, Inc. will post 12.23 EPS for the current year.

Lowe’s Companies Cuts Dividend

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

About Lowe’s Companies

(Free Report)

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.

Further Reading

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

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