Qtron Investments LLC Has $930,000 Position in Lowe’s Companies, Inc. $LOW

Qtron Investments LLC cut its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 10.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,987 shares of the home improvement retailer’s stock after selling 471 shares during the period. Qtron Investments LLC’s holdings in Lowe’s Companies were worth $930,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in Lowe’s Companies by 119.7% during the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock valued at $7,889,000 after purchasing an additional 17,413 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in Lowe’s Companies by 31.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock valued at $266,000 after acquiring an additional 259 shares during the period. Transce3nd LLC bought a new stake in Lowe’s Companies in the 4th quarter valued at about $236,000. Tradition Wealth Management LLC increased its position in shares of Lowe’s Companies by 7.4% during the fourth quarter. Tradition Wealth Management LLC now owns 2,715 shares of the home improvement retailer’s stock valued at $670,000 after buying an additional 188 shares during the period. Finally, J. Safra Sarasin Holding AG increased its position in shares of Lowe’s Companies by 27.5% during the fourth quarter. J. Safra Sarasin Holding AG now owns 106,019 shares of the home improvement retailer’s stock valued at $26,166,000 after buying an additional 22,887 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Morgan Stanley cut their target price on Lowe’s Companies from $300.00 to $255.00 and set an “overweight” rating for the company in a research note on Monday, May 5th. Sanford C. Bernstein set a $266.00 price target on Lowe’s Companies and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. Royal Bank Of Canada decreased their price objective on Lowe’s Companies from $244.00 to $242.00 and set a “sector perform” rating for the company in a report on Thursday, May 22nd. Robert W. Baird reduced their price target on Lowe’s Companies from $295.00 to $285.00 and set an “outperform” rating for the company in a report on Thursday, May 22nd. Finally, Gordon Haskett raised Lowe’s Companies to a “hold” rating in a research report on Wednesday, August 13th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $271.68.

Lowe’s Companies Price Performance

Shares of LOW stock opened at $250.86 on Tuesday. Lowe’s Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $287.01. The business’s fifty day moving average price is $227.16 and its 200 day moving average price is $229.98. The firm has a market capitalization of $140.59 billion, a PE ratio of 20.78, a P/E/G ratio of 2.38 and a beta of 0.89.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.88 by $0.04. Lowe’s Companies had a negative return on equity of 49.12% and a net margin of 8.22%. The business had revenue of $20.93 billion for the quarter, compared to the consensus estimate of $21.09 billion. During the same period in the prior year, the business earned $3.06 earnings per share. The business’s revenue was down 2.0% on a year-over-year basis. Equities research analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd were paid a dividend of $1.20 per share. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a yield of 1.9%. The ex-dividend date was Wednesday, July 23rd. Lowe’s Companies’s payout ratio is currently 39.77%.

Insider Buying and Selling

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 1,130 shares of the company’s stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $227.50, for a total transaction of $257,075.00. Following the completion of the sale, the executive vice president directly owned 31,898 shares in the company, valued at $7,256,795. This represents a 3.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.27% of the stock is owned by corporate insiders.

Lowe’s Companies 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.