Capital City Trust Co. FL Buys 183 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Capital City Trust Co. FL raised its stake in shares of Lowe’s Companies, Inc. (NYSE:LOWFree Report) by 11.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,763 shares of the home improvement retailer’s stock after acquiring an additional 183 shares during the period. Capital City Trust Co. FL’s holdings in Lowe’s Companies were worth $478,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of LOW. Edgestream Partners L.P. increased its stake in Lowe’s Companies by 2.8% in the 1st quarter. Edgestream Partners L.P. now owns 6,236 shares of the home improvement retailer’s stock valued at $1,588,000 after buying an additional 172 shares during the last quarter. Trustmark National Bank Trust Department lifted its holdings in Lowe’s Companies by 26.6% during the first quarter. Trustmark National Bank Trust Department now owns 1,649 shares of the home improvement retailer’s stock worth $420,000 after acquiring an additional 346 shares during the period. Bahl & Gaynor Inc. lifted its holdings in Lowe’s Companies by 2.0% during the first quarter. Bahl & Gaynor Inc. now owns 51,435 shares of the home improvement retailer’s stock worth $13,102,000 after acquiring an additional 999 shares during the period. Rockport Wealth LLC purchased a new position in Lowe’s Companies in the first quarter worth $488,000. Finally, Invesco LLC bought a new position in Lowe’s Companies in the 1st quarter valued at $252,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Price Performance

Shares of Lowe’s Companies stock opened at $269.40 on Monday. Lowe’s Companies, Inc. has a 1 year low of $196.23 and a 1 year high of $287.01. The firm has a market cap of $152.83 billion, a PE ratio of 22.34, a PEG ratio of 2.21 and a beta of 1.10. The company has a 50 day simple moving average of $267.19 and a two-hundred day simple moving average of $243.74.

Lowe’s Companies (NYSE:LOWGet Free Report) last posted its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.96 by $0.14. Lowe’s Companies had a net margin of 8.25% and a negative return on equity of 47.07%. The company had revenue of $23.59 billion during the quarter, compared to the consensus estimate of $23.93 billion. During the same period in the previous year, the firm posted $4.56 EPS. The firm’s revenue was down 5.5% compared to the same quarter last year. As a group, research analysts anticipate that Lowe’s Companies, Inc. will post 11.93 earnings per share for the current year.

Lowe’s Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd were issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.71%. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.15. The ex-dividend date was Wednesday, October 23rd. Lowe’s Companies’s payout ratio is presently 38.14%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on LOW shares. Melius Research initiated coverage on Lowe’s Companies in a research note on Monday, September 23rd. They set a “buy” rating and a $290.00 target price on the stock. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, September 18th. Truist Financial raised their target price on Lowe’s Companies from $306.00 to $307.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Piper Sandler boosted their target price on Lowe’s Companies from $262.00 to $307.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Finally, JPMorgan Chase & Co. cut their price target on Lowe’s Companies from $272.00 to $270.00 and set an “overweight” rating for the company in a research note on Wednesday, August 21st. Ten equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $273.84.

View Our Latest Stock Analysis on Lowe’s Companies

Insider Activity

In other news, EVP Margrethe R. Vagell sold 5,730 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $271.45, for a total transaction of $1,555,408.50. Following the completion of the sale, the executive vice president now owns 13,214 shares of the company’s stock, valued at approximately $3,586,940.30. This represents a 30.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $248.82, for a total transaction of $1,684,262.58. Following the completion of the transaction, the chief accounting officer now owns 9,383 shares in the company, valued at $2,334,678.06. This represents a 41.91 % decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is owned by corporate insiders.

Lowe’s Companies Profile

(Free Report)

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.

See Also

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

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