Cannell & Spears LLC Sells 8,676 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Cannell & Spears LLC trimmed its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 4.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 179,657 shares of the home improvement retailer's stock after selling 8,676 shares during the quarter. Cannell & Spears LLC's holdings in Lowe's Companies were worth $44,339,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in LOW. Klingenstein Fields & Co. LP boosted its holdings in Lowe's Companies by 1.0% during the fourth quarter. Klingenstein Fields & Co. LP now owns 4,101 shares of the home improvement retailer's stock worth $1,012,000 after buying an additional 39 shares in the last quarter. Powers Advisory Group LLC increased its holdings in shares of Lowe's Companies by 2.7% in the fourth quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer's stock valued at $380,000 after buying an additional 40 shares in the last quarter. Saxony Capital Management LLC lifted its position in shares of Lowe's Companies by 4.2% during the 4th quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer's stock valued at $245,000 after acquiring an additional 40 shares during the last quarter. Cordatus Wealth Management LLC boosted its stake in shares of Lowe's Companies by 0.3% during the 4th quarter. Cordatus Wealth Management LLC now owns 15,012 shares of the home improvement retailer's stock worth $3,705,000 after acquiring an additional 41 shares in the last quarter. Finally, O Brien Greene & Co. Inc grew its holdings in shares of Lowe's Companies by 1.5% in the 4th quarter. O Brien Greene & Co. Inc now owns 2,896 shares of the home improvement retailer's stock worth $715,000 after acquiring an additional 42 shares during the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

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Lowe's Companies Stock Up 0.2 %

LOW stock traded up $0.49 during trading hours on Tuesday, hitting $233.72. The company's stock had a trading volume of 2,212,750 shares, compared to its average volume of 2,421,822. The stock has a 50 day moving average price of $244.40 and a two-hundred day moving average price of $257.09. Lowe's Companies, Inc. has a 12 month low of $211.80 and a 12 month high of $287.01. The company has a market capitalization of $130.82 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.83 by $0.10. The firm had revenue of $18.55 billion during the quarter, compared to analysts' expectations of $18.29 billion. Lowe's Companies had a net margin of 8.19% and a negative return on equity of 47.55%. Sell-side analysts expect that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lowe's Companies's dividend payout ratio is 37.67%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. BNP Paribas raised Lowe's Companies to a "strong sell" rating in a report on Thursday, February 27th. Truist Financial dropped 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 research report on Thursday, February 27th. Sanford C. Bernstein upped their price target on shares of Lowe's Companies from $301.00 to $304.00 and gave the company an "outperform" rating in a research report on Thursday, December 12th. StockNews.com raised shares of Lowe's Companies from a "hold" rating to a "buy" rating in a research note on Wednesday, March 26th. Finally, Wedbush reissued a "neutral" rating and set a $250.00 target price on shares of Lowe's Companies in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.