Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Whittier Trust Co.

Whittier Trust Co. cut its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,244 shares of the home improvement retailer’s stock after selling 2,140 shares during the period. Whittier Trust Co.’s holdings in Lowe’s Companies were worth $17,583,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. United Bank increased its holdings in shares of Lowe’s Companies by 1.4% in the third quarter. United Bank now owns 10,099 shares of the home improvement retailer’s stock valued at $2,735,000 after buying an additional 137 shares in the last quarter. BIP Wealth LLC purchased a new position in shares of Lowe’s Companies during the 3rd quarter valued at $328,000. Fifth Third Wealth Advisors LLC lifted its position in shares of Lowe’s Companies by 9.0% in the third quarter. Fifth Third Wealth Advisors LLC now owns 6,940 shares of the home improvement retailer’s stock worth $1,880,000 after buying an additional 571 shares during the last quarter. West Family Investments Inc. boosted its position in Lowe’s Companies by 43.5% during the third quarter. West Family Investments Inc. now owns 1,583 shares of the home improvement retailer’s stock worth $429,000 after purchasing an additional 480 shares during the period. Finally, Premier Fund Managers Ltd boosted its holdings in shares of Lowe’s Companies by 1.6% during the 3rd quarter. Premier Fund Managers Ltd now owns 275,438 shares of the home improvement retailer’s stock worth $73,575,000 after buying an additional 4,300 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 NYSE LOW opened at $225.47 on Thursday. The company has a 50 day simple moving average of $248.81 and a two-hundred day simple moving average of $258.07. Lowe’s Companies, Inc. has a fifty-two week low of $211.80 and a fifty-two week high of $287.01. The company has a market capitalization of $127.31 billion, a price-to-earnings ratio of 18.81, a P/E/G ratio of 1.96 and a beta of 1.12.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $18.55 billion for the quarter, compared to analysts’ expectations of $18.29 billion. On average, analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on LOW shares. Barclays boosted their price target on Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. Wedbush restated a “neutral” rating and set a $250.00 price target on shares of Lowe’s Companies in a research report on Thursday, December 12th. 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 research report on Thursday, February 27th. Telsey Advisory Group reiterated an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, February 26th. Finally, Royal Bank of Canada reduced their price target on Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 27th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.