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

Evercore Wealth Management LLC lowered its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 0.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,547 shares of the home improvement retailer’s stock after selling 223 shares during the quarter. Evercore Wealth Management LLC’s holdings in Lowe’s Companies were worth $8,526,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in LOW. Klingenstein Fields & Co. LP increased its holdings in Lowe’s Companies by 1.0% in the 4th quarter. Klingenstein Fields & Co. LP now owns 4,101 shares of the home improvement retailer’s stock valued at $1,012,000 after purchasing an additional 39 shares during the last quarter. Saxony Capital Management LLC grew its stake in shares of Lowe’s Companies by 4.2% in the fourth quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer’s stock valued at $245,000 after buying an additional 40 shares in the last quarter. Powers Advisory Group LLC raised its holdings in shares of Lowe’s Companies by 2.7% in the 4th quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer’s stock valued at $380,000 after buying an additional 40 shares during the period. Cordatus Wealth Management LLC lifted its stake in Lowe’s Companies by 0.3% during the 4th quarter. Cordatus Wealth Management LLC now owns 15,012 shares of the home improvement retailer’s stock worth $3,705,000 after acquiring an additional 41 shares in the last quarter. Finally, O Brien Greene & Co. Inc boosted its holdings in Lowe’s Companies by 1.5% during the 4th quarter. O Brien Greene & Co. Inc now owns 2,896 shares of the home improvement retailer’s stock valued at $715,000 after acquiring an additional 42 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Stock Performance

Shares of LOW stock opened at $219.03 on Wednesday. Lowe’s Companies, Inc. has a 1 year low of $206.39 and a 1 year high of $287.01. The firm has a market cap of $122.59 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 1.96 and a beta of 1.07. The stock’s 50-day moving average is $231.16 and its two-hundred day moving average is $251.89.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, topping the consensus estimate of $1.83 by $0.10. The company had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. As a group, research analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be given a $1.15 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a yield of 2.10%. Lowe’s Companies’s dividend payout ratio (DPR) is 37.67%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LOW. StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Tuesday, April 15th. DA Davidson reissued a “neutral” rating and issued a $270.00 price target on shares of Lowe’s Companies in a research report on Wednesday, April 16th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $305.00 price objective on shares of Lowe’s Companies in a research report on Tuesday, April 15th. BNP Paribas upgraded Lowe’s Companies to a “strong sell” rating in a research note on Thursday, February 27th. Finally, Truist Financial lowered their target price on Lowe’s Companies from $295.00 to $258.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, Lowe’s Companies has a consensus rating of “Moderate Buy” and a consensus target price of $278.74.

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.