Delta Asset Management LLC TN Sells 6,271 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Delta Asset Management LLC TN trimmed its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 240,603 shares of the home improvement retailer's stock after selling 6,271 shares during the period. Lowe's Companies comprises approximately 5.3% of Delta Asset Management LLC TN's portfolio, making the stock its 3rd biggest holding. Delta Asset Management LLC TN's holdings in Lowe's Companies were worth $59,381,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. AssuredPartners Investment Advisors LLC acquired a new stake in shares of Lowe's Companies in the 4th quarter valued at $1,259,000. NEOS Investment Management LLC lifted its position in shares of Lowe's Companies by 32.2% in the fourth quarter. NEOS Investment Management LLC now owns 33,626 shares of the home improvement retailer's stock worth $8,299,000 after buying an additional 8,185 shares during the last quarter. UniSuper Management Pty Ltd boosted its stake in shares of Lowe's Companies by 29.2% during the 4th quarter. UniSuper Management Pty Ltd now owns 34,718 shares of the home improvement retailer's stock worth $8,568,000 after acquiring an additional 7,845 shares in the last quarter. Moment Partners LLC acquired a new position in shares of Lowe's Companies during the 4th quarter valued at about $696,000. Finally, Sava Infond d.o.o. acquired a new position in shares of Lowe's Companies during the 4th quarter valued at about $1,710,000. Institutional investors and hedge funds own 74.06% of the company's stock.

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Lowe's Companies Price Performance

Shares of LOW traded up $2.98 during mid-day trading on Monday, reaching $231.40. The company had a trading volume of 994,547 shares, compared to its average volume of 2,491,352. The company has a market capitalization of $129.52 billion, a P/E ratio of 19.31, a P/E/G ratio of 1.96 and a beta of 1.12. Lowe's Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01. The company's 50-day moving average is $245.57 and its 200-day moving average is $257.38.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings data 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 negative return on equity of 47.55% and a net margin of 8.19%. The firm had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.29 billion. As a group, equities analysts expect that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on LOW shares. Piper Sandler decreased their target price on Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating for the company in a research report on Monday, March 24th. Sanford C. Bernstein upped their price objective on shares of Lowe's Companies from $301.00 to $304.00 and gave the stock an "outperform" rating in a report on Thursday, December 12th. Telsey Advisory Group reiterated an "outperform" rating and issued a $305.00 target price on shares of Lowe's Companies in a research note on Wednesday, February 26th. Royal Bank of Canada cut their target price on shares of Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating for the company in a research report on Thursday, February 27th. Finally, Wedbush reaffirmed a "neutral" rating and issued a $250.00 price target on shares of Lowe's Companies in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, Lowe's Companies currently has a consensus rating of "Moderate Buy" and a consensus target price of $279.71.

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.