Legacy Private Trust Co. Lowers Position in Lowe’s Companies, Inc. (LOW)

Legacy Private Trust Co. reduced its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 34.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,907 shares of the home improvement retailer’s stock after selling 2,029 shares during the quarter. Legacy Private Trust Co.’s holdings in Lowe’s Companies were worth $428,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of LOW. Clarfeld Financial Advisors LLC purchased a new stake in shares of Lowe’s Companies in the fourth quarter valued at $26,000. Capital Financial Planning LLC purchased a new stake in Lowe’s Companies during the fourth quarter valued at about $46,000. CNB Bank purchased a new stake in Lowe’s Companies during the fourth quarter valued at about $46,000. Ironwood Financial llc grew its position in Lowe’s Companies by 171.0% during the fourth quarter. Ironwood Financial llc now owns 542 shares of the home improvement retailer’s stock valued at $50,000 after acquiring an additional 342 shares during the period. Finally, Contravisory Investment Management Inc. grew its position in Lowe’s Companies by 360.6% during the fourth quarter. Contravisory Investment Management Inc. now owns 654 shares of the home improvement retailer’s stock valued at $60,000 after acquiring an additional 512 shares during the period. 76.29% of the stock is owned by institutional investors and hedge funds.

Shares of LOW traded up $0.25 during mid-day trading on Friday, reaching $112.36. The company’s stock had a trading volume of 2,575,193 shares, compared to its average volume of 3,561,737. Lowe’s Companies, Inc. has a 1 year low of $82.21 and a 1 year high of $118.23. The company has a quick ratio of 0.11, a current ratio of 0.98 and a debt-to-equity ratio of 3.95. The firm has a market capitalization of $89.43 billion, a P/E ratio of 21.86, a PEG ratio of 1.31 and a beta of 1.26.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lowe’s Companies’s payout ratio is 37.35%.

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