TD Private Client Wealth LLC Cuts Position in Lowe’s Companies, Inc. (NYSE:LOW)

TD Private Client Wealth LLC lessened its position in Lowe’s Companies, Inc. (NYSE:LOW) by 10.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,605 shares of the home improvement retailer’s stock after selling 520 shares during the quarter. TD Private Client Wealth LLC’s holdings in Lowe’s Companies were worth $1,137,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in LOW. Antonelli Financial Advisors LLC purchased a new position in shares of Lowe’s Companies during the 4th quarter valued at about $441,000. Whittier Trust Co. of Nevada Inc. grew its position in Lowe’s Companies by 5.1% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 33,169 shares of the home improvement retailer’s stock valued at $8,186,000 after acquiring an additional 1,613 shares during the last quarter. Holderness Investments Co. raised its stake in shares of Lowe’s Companies by 0.4% during the fourth quarter. Holderness Investments Co. now owns 12,834 shares of the home improvement retailer’s stock worth $3,167,000 after acquiring an additional 54 shares in the last quarter. HUB Investment Partners LLC raised its stake in shares of Lowe’s Companies by 39.2% during the fourth quarter. HUB Investment Partners LLC now owns 2,698 shares of the home improvement retailer’s stock worth $666,000 after acquiring an additional 760 shares in the last quarter. Finally, Symmetry Partners LLC lifted its holdings in shares of Lowe’s Companies by 246.1% in the 4th quarter. Symmetry Partners LLC now owns 3,856 shares of the home improvement retailer’s stock worth $952,000 after acquiring an additional 2,742 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 0.4 %

Shares of LOW stock opened at $227.09 on Monday. The stock has a market cap of $128.23 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 1.96 and a beta of 1.12. The business’s fifty day moving average is $247.99 and its 200 day moving average is $257.88. Lowe’s Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01.

Lowe’s Companies (NYSE:LOW) last released 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. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The firm had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion. Equities research analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 2.03%. Lowe’s Companies’s payout ratio is 37.67%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Bank of America decreased their target price on shares of Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Truist Financial decreased their price objective on Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. StockNews.com lowered Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, March 11th. Guggenheim restated a “buy” rating and set a $300.00 price target on shares of Lowe’s Companies in a research report on Thursday, December 12th. Finally, Mizuho decreased their price target on Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and an average target price of $280.83.

Lowe’s Companies Company 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.