Whittier Trust Co. Sells 2,140 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Whittier Trust Co. lessened its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 2.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 71,244 shares of the home improvement retailer's stock after selling 2,140 shares during the period. Whittier Trust Co.'s holdings in Lowe's Companies were worth $17,583,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in LOW. Symmetry Partners LLC increased its stake in shares of Lowe's Companies by 246.1% in the fourth quarter. Symmetry Partners LLC now owns 3,856 shares of the home improvement retailer's stock worth $952,000 after purchasing an additional 2,742 shares in the last quarter. iA Global Asset Management Inc. boosted its holdings in Lowe's Companies by 24.6% in the 4th quarter. iA Global Asset Management Inc. now owns 18,582 shares of the home improvement retailer's stock worth $4,586,000 after buying an additional 3,670 shares during the period. Fiduciary Group LLC grew its stake in Lowe's Companies by 2.2% in the 4th quarter. Fiduciary Group LLC now owns 8,925 shares of the home improvement retailer's stock valued at $2,203,000 after buying an additional 194 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in Lowe's Companies by 162.1% during the 4th quarter. Teacher Retirement System of Texas now owns 177,153 shares of the home improvement retailer's stock valued at $43,721,000 after acquiring an additional 109,564 shares during the period. Finally, Royal London Asset Management Ltd. raised its holdings in Lowe's Companies by 3.3% during the 4th quarter. Royal London Asset Management Ltd. now owns 248,515 shares of the home improvement retailer's stock valued at $61,334,000 after acquiring an additional 7,989 shares during the period. Institutional investors own 74.06% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on LOW shares. Piper Sandler reduced their price target on Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating for the company in a research report on Monday. BNP Paribas raised Lowe's Companies to a "strong sell" rating in a report on Thursday, February 27th. Telsey Advisory Group reissued an "outperform" rating and issued a $305.00 price target on shares of Lowe's Companies in a report on Wednesday, February 26th. Guggenheim reaffirmed a "buy" rating and set a $300.00 price objective on shares of Lowe's Companies in a research note on Thursday, December 12th. Finally, Bank of America decreased their target price on shares of Lowe's Companies from $305.00 to $290.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. 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 stock. Based on data from MarketBeat, Lowe's Companies has an average rating of "Moderate Buy" and an average price target of $279.71.

Lowe's Companies Stock Up 2.6 %

Shares of NYSE:LOW traded up $5.94 during midday trading on Monday, hitting $233.01. 2,485,056 shares of the stock traded hands, compared to its average volume of 2,279,898. The stock has a market capitalization of $131.57 billion, a PE ratio of 19.43, a P/E/G ratio of 1.96 and a beta of 1.12. Lowe's Companies, Inc. has a one year low of $211.80 and a one year high of $287.01. The business's 50 day moving average is $247.67 and its two-hundred day moving average is $257.80.

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 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 business had revenue of $18.55 billion during the quarter, compared to analysts' expectations of $18.29 billion. As a group, sell-side analysts forecast that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Announces Dividend

The business also recently disclosed 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. This represents a $4.60 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Wednesday, April 23rd. Lowe's Companies's payout ratio is currently 37.67%.

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.