Haverford Trust Co Has $222.18 Million Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Haverford Trust Co lessened its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 900,248 shares of the home improvement retailer’s stock after selling 18,010 shares during the period. Lowe’s Companies comprises 2.2% of Haverford Trust Co’s investment portfolio, 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 Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of LOW. Klingenstein Fields & Co. LP grew 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 valued at $1,012,000 after purchasing an additional 39 shares during the last quarter. Powers Advisory Group LLC grew its holdings in Lowe’s Companies by 2.7% in the 4th 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 during the last quarter. Saxony Capital Management LLC lifted its holdings in shares of Lowe’s Companies by 4.2% during the fourth quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer’s stock worth $245,000 after buying an additional 40 shares during the last quarter. Cordatus Wealth Management LLC boosted its position in shares of Lowe’s Companies by 0.3% in the fourth quarter. Cordatus Wealth Management LLC now owns 15,012 shares of the home improvement retailer’s stock valued at $3,705,000 after acquiring an additional 41 shares during the period. Finally, O Brien Greene & Co. Inc grew its stake in shares of Lowe’s Companies by 1.5% in the fourth 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 owned by hedge funds and other institutional investors.

Lowe’s Companies Trading Up 0.4 %

NYSE LOW opened at $227.09 on Monday. Lowe’s Companies, Inc. has a 12 month low of $211.80 and a 12 month high of $287.01. The firm has a market capitalization of $128.23 billion, a P/E ratio of 18.94, a PEG ratio of 1.96 and a beta of 1.12. The business has a fifty day simple moving average of $247.99 and a 200 day simple moving average of $257.88.

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

Lowe’s Companies Dividend Announcement

The company also recently declared 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 2.03%. Lowe’s Companies’s payout ratio is 37.67%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Sanford C. Bernstein boosted 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. StockNews.com lowered Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, March 11th. Royal Bank of Canada cut their price target on Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating for the company in a report on Thursday, February 27th. Truist Financial lowered their price objective on 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. Finally, Piper Sandler reduced their target price on Lowe’s Companies from $307.00 to $296.00 and set an “overweight” rating for the company in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, Lowe’s Companies has a consensus rating of “Moderate Buy” and a consensus target price of $280.83.

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.