Wilkins Investment Counsel Inc. Has $416,000 Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Wilkins Investment Counsel Inc. decreased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 10.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,684 shares of the home improvement retailer’s stock after selling 204 shares during the period. Wilkins Investment Counsel Inc.’s holdings in Lowe’s Companies were worth $416,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Klingenstein Fields & Co. LP raised its holdings in Lowe’s Companies by 1.0% during the fourth quarter. Klingenstein Fields & Co. LP now owns 4,101 shares of the home improvement retailer’s stock worth $1,012,000 after buying an additional 39 shares during the last quarter. Saxony Capital Management LLC raised its holdings in Lowe’s Companies by 4.2% during the fourth quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer’s stock worth $245,000 after buying an additional 40 shares during the last quarter. Powers Advisory Group LLC raised its holdings in shares of Lowe’s Companies by 2.7% in the fourth quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer’s stock valued at $380,000 after purchasing an additional 40 shares during the last quarter. Cordatus Wealth Management LLC raised its holdings in shares of Lowe’s Companies by 0.3% in the fourth quarter. Cordatus Wealth Management LLC now owns 15,012 shares of the home improvement retailer’s stock valued at $3,705,000 after purchasing an additional 41 shares during the last quarter. Finally, O Brien Greene & Co. Inc raised its holdings in shares of Lowe’s Companies by 1.5% in the fourth quarter. O Brien Greene & Co. Inc now owns 2,896 shares of the home improvement retailer’s stock valued at $715,000 after purchasing an additional 42 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 1.1 %

Shares of NYSE:LOW opened at $225.47 on Thursday. The firm has a market capitalization of $127.31 billion, a PE ratio of 18.81, a P/E/G ratio of 1.96 and a beta of 1.12. Lowe’s Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01. The company has a 50-day moving average price of $248.81 and a two-hundred day moving average price of $258.07.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. The firm had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.29 billion. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. Analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LOW has been the subject of several analyst reports. BNP Paribas upgraded shares of Lowe’s Companies to a “strong sell” rating in a report on Thursday, February 27th. Truist Financial lowered their target price on shares of Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating for the company in a report on Thursday, February 27th. StockNews.com downgraded shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Tuesday, March 11th. DA Davidson increased their target price on shares of Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a report on Wednesday, November 20th. Finally, Wedbush reiterated a “neutral” rating and issued a $250.00 target price on shares of Lowe’s Companies in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $280.83.

About Lowe’s Companies

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.