Bontempo Ohly Capital Mgmt LLC Has $4.58 Million Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Bontempo Ohly Capital Mgmt LLC reduced its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 18,557 shares of the home improvement retailer’s stock after selling 201 shares during the quarter. Lowe’s Companies accounts for 2.2% of Bontempo Ohly Capital Mgmt LLC’s investment portfolio, making the stock its 8th biggest holding. Bontempo Ohly Capital Mgmt LLC’s holdings in Lowe’s Companies were worth $4,580,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IFS Advisors LLC acquired a new stake in Lowe’s Companies in the 4th quarter valued at about $25,000. Winch Advisory Services LLC raised its stake in Lowe’s Companies by 56.4% in the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after buying an additional 44 shares during the period. Marshall Investment Management LLC acquired a new stake in shares of Lowe’s Companies in the fourth quarter valued at approximately $31,000. Caisse Des Depots ET Consignations acquired a new stake in shares of Lowe’s Companies in the fourth quarter valued at approximately $33,000. Finally, Millstone Evans Group LLC bought a new position in shares of Lowe’s Companies during the 4th quarter worth approximately $44,000. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Stock Down 0.8 %

Lowe’s Companies stock opened at $225.30 on Tuesday. The stock has a market cap of $126.10 billion, a PE ratio of 18.79, a P/E/G ratio of 1.96 and a beta of 1.07. Lowe’s Companies, Inc. has a 12-month low of $206.39 and a 12-month high of $287.01. The business’s 50-day moving average price is $226.99 and its two-hundred day moving average price is $248.24.

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. The company had revenue of $18.55 billion for the quarter, compared to analyst estimates 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, analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Wednesday, April 23rd. Lowe’s Companies’s payout ratio is 37.67%.

Analyst Ratings Changes

LOW has been the subject of several research reports. Piper Sandler cut their price target on Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating for the company in a report on Monday, March 24th. Telsey Advisory Group restated an “outperform” rating and set a $305.00 target price on shares of Lowe’s Companies in a research note on Tuesday, April 15th. Royal Bank of Canada decreased their price target on shares of Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 27th. Truist Financial cut their price objective on shares of Lowe’s Companies from $295.00 to $258.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Finally, Morgan Stanley decreased their target price on Lowe’s Companies from $300.00 to $255.00 and set an “overweight” rating on the stock in a research report on Monday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $278.21.

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.