SlateStone Wealth LLC Acquires 136 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

SlateStone Wealth LLC increased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 2.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,810 shares of the home improvement retailer’s stock after buying an additional 136 shares during the period. SlateStone Wealth LLC’s holdings in Lowe’s Companies were worth $1,187,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of LOW. Klingenstein Fields & Co. LP raised its position in shares of Lowe’s Companies by 1.0% during the 4th quarter. Klingenstein Fields & Co. LP now owns 4,101 shares of the home improvement retailer’s stock valued at $1,012,000 after buying an additional 39 shares in the last quarter. Powers Advisory Group LLC raised its position in shares of Lowe’s Companies by 2.7% during 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 in the last quarter. Saxony Capital Management LLC raised 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 buying an additional 40 shares in the last quarter. Cordatus Wealth Management LLC raised its position 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 valued at $3,705,000 after buying an additional 41 shares in the last quarter. Finally, O Brien Greene & Co. Inc raised its position in shares of Lowe’s Companies by 1.5% during the 4th quarter. O Brien Greene & Co. Inc now owns 2,896 shares of the home improvement retailer’s stock valued at $715,000 after buying an additional 42 shares in the last quarter. 74.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on LOW shares. Stifel Nicolaus raised their price objective on shares of Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Piper Sandler lowered their price target on shares of Lowe’s Companies from $307.00 to $296.00 and set an “overweight” rating for the company in a research note on Thursday, February 27th. DA Davidson boosted their price target on shares of Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 20th. Telsey Advisory Group reissued an “outperform” rating and issued a $305.00 price target on shares of Lowe’s Companies in a research note on Wednesday, February 26th. Finally, StockNews.com downgraded shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and an average target price of $280.83.

Lowe’s Companies Price Performance

Shares of NYSE LOW opened at $224.64 on Monday. Lowe’s Companies, Inc. has a 1 year low of $211.80 and a 1 year high of $287.01. The company’s 50-day moving average is $250.18 and its 200 day moving average is $258.63. The stock has a market capitalization of $126.84 billion, a P/E ratio of 18.74, a P/E/G ratio of 1.96 and a beta of 1.12.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $18.55 billion for the quarter, compared to analysts’ expectations of $18.29 billion. Research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

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.