Haverford Financial Services Inc. Sells 2,933 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Haverford Financial Services Inc. decreased its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 5.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,537 shares of the home improvement retailer's stock after selling 2,933 shares during the quarter. Lowe's Companies comprises about 3.7% of Haverford Financial Services Inc.'s investment portfolio, making the stock its 12th biggest holding. Haverford Financial Services Inc.'s holdings in Lowe's Companies were worth $11,979,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. United Bank boosted its stake in Lowe's Companies by 1.4% during the 3rd quarter. United Bank now owns 10,099 shares of the home improvement retailer's stock valued at $2,735,000 after purchasing an additional 137 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Lowe's Companies by 2.9% in the 3rd quarter. Pacer Advisors Inc. now owns 42,266 shares of the home improvement retailer's stock worth $11,448,000 after buying an additional 1,175 shares in the last quarter. Eagle Asset Management Inc. boosted its holdings in shares of Lowe's Companies by 3.0% during the 3rd quarter. Eagle Asset Management Inc. now owns 13,824 shares of the home improvement retailer's stock valued at $3,748,000 after acquiring an additional 399 shares during the last quarter. Allen Capital Group LLC grew its stake in shares of Lowe's Companies by 25.4% in the third quarter. Allen Capital Group LLC now owns 1,725 shares of the home improvement retailer's stock worth $467,000 after acquiring an additional 349 shares during the period. Finally, Meridian Wealth Management LLC purchased a new position in shares of Lowe's Companies during the third quarter valued at approximately $3,291,000. 74.06% of the stock is owned by institutional investors.

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Lowe's Companies Price Performance

Shares of Lowe's Companies stock traded down $2.28 during trading hours on Tuesday, reaching $230.61. The company's stock had a trading volume of 2,341,957 shares, compared to its average volume of 2,279,546. The stock has a market cap of $130.21 billion, a P/E ratio of 19.23, a P/E/G ratio of 1.96 and a beta of 1.12. The firm has a 50 day moving average price of $247.67 and a 200-day moving average price of $257.80. Lowe's Companies, Inc. has a one year low of $211.80 and a one year high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, beating analysts' consensus estimates of $1.83 by $0.10. The business had revenue of $18.55 billion for 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%. As a group, sell-side analysts forecast that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be given 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 dividend yield of 1.99%. Lowe's Companies's dividend payout ratio (DPR) is presently 37.67%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on LOW shares. Sanford C. Bernstein increased their price target on Lowe's Companies from $301.00 to $304.00 and gave the company an "outperform" rating in a report on Thursday, December 12th. BNP Paribas upgraded Lowe's Companies to a "strong sell" rating in a research note on Thursday, February 27th. Truist Financial dropped their price objective 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. Guggenheim reiterated a "buy" rating and set a $300.00 price target on shares of Lowe's Companies in a research note on Thursday, December 12th. Finally, Piper Sandler lowered their target price on Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating on the stock in a research report on Monday. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $279.71.

About Lowe's Companies

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.