Natixis Advisors LLC Sells 7,286 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Natixis Advisors LLC lessened its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 466,036 shares of the home improvement retailer’s stock after selling 7,286 shares during the period. Natixis Advisors LLC’s holdings in Lowe’s Companies were worth $102,742,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Equitable Trust Co. increased its holdings in Lowe’s Companies by 46.9% during the 2nd quarter. Equitable Trust Co. now owns 10,970 shares of the home improvement retailer’s stock worth $2,418,000 after acquiring an additional 3,500 shares during the period. Waterfront Wealth Inc. grew its stake in Lowe’s Companies by 37.8% in the 2nd quarter. Waterfront Wealth Inc. now owns 4,971 shares of the home improvement retailer’s stock worth $1,096,000 after buying an additional 1,364 shares in the last quarter. D.A. Davidson & CO. grew its stake in Lowe’s Companies by 1.4% in the 2nd quarter. D.A. Davidson & CO. now owns 137,549 shares of the home improvement retailer’s stock worth $30,322,000 after buying an additional 1,906 shares in the last quarter. Drive Wealth Management LLC grew its stake in Lowe’s Companies by 2.2% in the 2nd quarter. Drive Wealth Management LLC now owns 1,894 shares of the home improvement retailer’s stock worth $418,000 after buying an additional 41 shares in the last quarter. Finally, Valmark Advisers Inc. grew its stake in Lowe’s Companies by 2.0% in the 2nd quarter. Valmark Advisers Inc. now owns 11,376 shares of the home improvement retailer’s stock worth $2,508,000 after buying an additional 220 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LOW. Piper Sandler cut their price objective on shares of Lowe’s Companies from $264.00 to $262.00 and set an “overweight” rating for the company in a research note on Wednesday, August 21st. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $230.00 price objective on shares of Lowe’s Companies in a research note on Tuesday, August 20th. Gordon Haskett cut their price objective on shares of Lowe’s Companies from $245.00 to $240.00 and set a “hold” rating for the company in a research note on Wednesday, August 21st. Stifel Nicolaus increased their price target on shares of Lowe’s Companies from $225.00 to $250.00 and gave the company a “hold” rating in a research report on Monday, May 13th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Lowe’s Companies from $272.00 to $270.00 and set an “overweight” rating for the company in a research report on Wednesday, August 21st. Twelve research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Lowe’s Companies currently has an average rating of “Moderate Buy” and an average price target of $254.04.

Lowe’s Companies Stock Up 0.7 %

Shares of NYSE LOW traded up $1.73 during trading on Friday, reaching $248.50. The company had a trading volume of 2,587,136 shares, compared to its average volume of 2,428,352. Lowe’s Companies, Inc. has a 12-month low of $181.85 and a 12-month high of $262.49. The stock has a market cap of $141.61 billion, a PE ratio of 19.96, a P/E/G ratio of 2.04 and a beta of 1.07. The business’s 50-day moving average is $234.08 and its 200 day moving average is $233.50.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 EPS for the quarter, topping analysts’ consensus estimates of $3.96 by $0.14. The firm had revenue of $23.59 billion for the quarter, compared to analysts’ expectations of $23.93 billion. Lowe’s Companies had a negative return on equity of 47.07% and a net margin of 8.25%. The company’s quarterly revenue was down 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $4.56 earnings per share. On average, analysts anticipate that Lowe’s Companies, Inc. will post 11.94 earnings per share for the current year.

Lowe’s Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd will be issued a dividend of $1.15 per share. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.15. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.85%. Lowe’s Companies’s dividend payout ratio is presently 36.95%.

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.