Haverford Trust Co Sells 18,010 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Haverford Trust Co decreased its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 2.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 900,248 shares of the home improvement retailer's stock after selling 18,010 shares during the quarter. Lowe's Companies makes up approximately 2.2% of Haverford Trust Co's holdings, making the stock its 11th largest holding. Haverford Trust Co owned about 0.16% of Lowe's Companies worth $222,181,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Prudential Financial Inc. lifted its position in Lowe's Companies by 5.4% during the 4th quarter. Prudential Financial Inc. now owns 917,109 shares of the home improvement retailer's stock valued at $226,343,000 after purchasing an additional 46,701 shares during the period. Hirtle Callaghan & Co LLC bought a new position in shares of Lowe's Companies in the 4th quarter worth $243,000. Woodmont Investment Counsel LLC grew its stake in shares of Lowe's Companies by 3.7% during the fourth quarter. Woodmont Investment Counsel LLC now owns 2,786 shares of the home improvement retailer's stock worth $688,000 after purchasing an additional 100 shares during the period. Angeles Investment Advisors LLC lifted its stake in Lowe's Companies by 5.5% in the fourth quarter. Angeles Investment Advisors LLC now owns 2,587 shares of the home improvement retailer's stock valued at $638,000 after buying an additional 135 shares during the period. Finally, Mountain Hill Investment Partners Corp. bought a new position in Lowe's Companies during the fourth quarter worth about $137,000. 74.06% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LOW. Telsey Advisory Group reiterated an "outperform" rating and issued a $305.00 price target on shares of Lowe's Companies in a research report on Wednesday, February 26th. Truist Financial cut their target price on shares of Lowe's Companies from $308.00 to $295.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Bank of America decreased their price target on shares of Lowe's Companies from $305.00 to $290.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Piper Sandler dropped their price objective on Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating on the stock in a research note on Monday. Finally, Stifel Nicolaus lifted their target price on Lowe's Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a report on Wednesday, December 11th. One research 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's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $279.71.

Lowe's Companies Price Performance

NYSE:LOW traded down $2.28 on Tuesday, hitting $230.61. 2,476,794 shares of the company's stock were exchanged, compared to its average volume of 2,280,569. The firm has a 50-day moving average price of $247.26 and a 200-day moving average price of $257.71. Lowe's Companies, Inc. has a 52 week low of $211.80 and a 52 week high of $287.01. The company has a market cap of $130.21 billion, a P/E ratio of 19.23, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12.

Lowe's Companies (NYSE:LOW - Get Free Report) last released 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. The business had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. On average, research analysts expect that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be issued a dividend of $1.15 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a yield of 1.99%. Lowe's Companies's payout ratio is 37.67%.

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.