First Interstate Bank Trims Position in Lowe’s Companies, Inc. $LOW

First Interstate Bank lessened its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 36.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,484 shares of the home improvement retailer’s stock after selling 13,023 shares during the quarter. First Interstate Bank’s holdings in Lowe’s Companies were worth $5,650,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Brighton Jones LLC lifted its holdings in Lowe’s Companies by 119.7% in the fourth quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock worth $7,889,000 after buying an additional 17,413 shares during the period. Revolve Wealth Partners LLC grew its holdings in shares of Lowe’s Companies by 31.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock worth $266,000 after acquiring an additional 259 shares during the period. Sivia Capital Partners LLC raised its position in shares of Lowe’s Companies by 22.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,534 shares of the home improvement retailer’s stock worth $340,000 after acquiring an additional 280 shares in the last quarter. Sowell Financial Services LLC lifted its stake in shares of Lowe’s Companies by 2.8% in the 2nd quarter. Sowell Financial Services LLC now owns 9,631 shares of the home improvement retailer’s stock valued at $2,137,000 after purchasing an additional 259 shares during the period. Finally, U.S. Capital Wealth Advisors LLC lifted its stake in shares of Lowe’s Companies by 0.7% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 22,616 shares of the home improvement retailer’s stock valued at $5,018,000 after purchasing an additional 147 shares during the period. Institutional investors own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Bank of America reduced their price target on Lowe’s Companies from $290.00 to $280.00 and set a “buy” rating on the stock in a research note on Thursday, November 20th. Royal Bank Of Canada reduced their target price on shares of Lowe’s Companies from $260.00 to $252.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 20th. Wall Street Zen raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. TD Cowen boosted their price objective on shares of Lowe’s Companies from $250.00 to $295.00 and gave the stock a “hold” rating in a research note on Tuesday. Finally, Oppenheimer decreased their target price on shares of Lowe’s Companies from $320.00 to $315.00 and set an “outperform” rating for the company in a research note on Friday, December 5th. Nineteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $283.65.

Insiders Place Their Bets

In other Lowe’s Companies news, CEO Marvin R. Ellison sold 18,000 shares of the company’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $261.17, for a total transaction of $4,701,060.00. Following the transaction, the chief executive officer owned 231,043 shares in the company, valued at approximately $60,341,500.31. This represents a 7.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.27% of the company’s stock.

Lowe’s Companies Stock Down 3.3%

Shares of LOW opened at $268.45 on Wednesday. Lowe’s Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $278.44. The company has a market capitalization of $150.58 billion, a P/E ratio of 22.26, a price-to-earnings-growth ratio of 4.60 and a beta of 0.96. The firm has a 50 day moving average of $246.58 and a 200 day moving average of $245.27.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, November 26th. The home improvement retailer reported $3.06 EPS for the quarter, beating the consensus estimate of $2.97 by $0.09. The business had revenue of $20.81 billion for the quarter, compared to the consensus estimate of $20.88 billion. Lowe’s Companies had a negative return on equity of 55.86% and a net margin of 8.05%.The company’s revenue was up 3.2% compared to the same quarter last year. During the same period last year, the business posted $2.89 EPS. On average, sell-side analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 21st will be given a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, January 21st. This represents a $4.80 dividend on an annualized basis and a yield of 1.8%. Lowe’s Companies’s payout ratio is 39.80%.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.