Lowe’s Companies, Inc. (LOW) Stake Decreased by Amalgamated Bank

Amalgamated Bank trimmed its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 3.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 120,095 shares of the home improvement retailer’s stock after selling 3,725 shares during the period. Amalgamated Bank’s holdings in Lowe’s Companies were worth $11,092,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bollard Group LLC boosted its position in Lowe’s Companies by 0.5% during the fourth quarter. Bollard Group LLC now owns 21,022 shares of the home improvement retailer’s stock valued at $1,942,000 after acquiring an additional 103 shares during the last quarter. Howe & Rusling Inc. raised its holdings in shares of Lowe’s Companies by 13.3% during the fourth quarter. Howe & Rusling Inc. now owns 938 shares of the home improvement retailer’s stock valued at $87,000 after purchasing an additional 110 shares during the period. Vaughan David Investments LLC IL raised its holdings in shares of Lowe’s Companies by 2.1% during the fourth quarter. Vaughan David Investments LLC IL now owns 5,869 shares of the home improvement retailer’s stock valued at $542,000 after purchasing an additional 118 shares during the period. ZWJ Investment Counsel Inc. raised its holdings in shares of Lowe’s Companies by 1.6% during the fourth quarter. ZWJ Investment Counsel Inc. now owns 7,386 shares of the home improvement retailer’s stock valued at $682,000 after purchasing an additional 118 shares during the period. Finally, Dakota Wealth Management lifted its stake in Lowe’s Companies by 1.2% in the 4th quarter. Dakota Wealth Management now owns 10,542 shares of the home improvement retailer’s stock worth $1,091,000 after purchasing an additional 120 shares in the last quarter. Institutional investors own 76.33% of the company’s stock.

NYSE LOW traded down $3.38 during trading hours on Friday, reaching $113.74. 6,321,446 shares of the company’s stock traded hands, compared to its average volume of 4,314,645. The company has a debt-to-equity ratio of 3.95, a current ratio of 0.98 and a quick ratio of 0.11. The stock has a market cap of $90.53 billion, a P/E ratio of 22.13, a price-to-earnings-growth ratio of 1.32 and a beta of 1.27. Lowe’s Companies, Inc. has a 52-week low of $81.16 and a 52-week high of $118.23.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, February 27th. The home improvement retailer reported $0.80 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.80. The business had revenue of $15.65 billion during the quarter, compared to analysts’ expectations of $15.75 billion. Lowe’s Companies had a net margin of 3.24% and a return on equity of 80.91%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.74 earnings per share. Research analysts expect that Lowe’s Companies, Inc. will post 6.06 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be issued a $0.48 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $1.92 annualized dividend and a yield of 1.69%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 37.35%.

LOW has been the topic of several recent analyst reports. ValuEngine upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Monday, January 7th. Barclays cut shares of Lowe’s Companies from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $120.00 to $105.00 in a research report on Wednesday, January 9th. Loop Capital cut shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, January 23rd. Zacks Investment Research upgraded shares of Lowe’s Companies from a “hold” rating to a “strong-buy” rating and set a $109.00 target price on the stock in a research report on Wednesday, January 23rd. Finally, Robert W. Baird lifted their target price on shares of Lowe’s Companies from $120.00 to $126.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 27th. Eight investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $114.52.

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Lowe’s Companies Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.

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

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