Mendel Money Management Trims Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Mendel Money Management lessened its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 4.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,551 shares of the home improvement retailer’s stock after selling 1,015 shares during the quarter. Lowe’s Companies makes up about 2.3% of Mendel Money Management’s portfolio, making the stock its 11th biggest holding. Mendel Money Management’s holdings in Lowe’s Companies were worth $5,072,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. IFS Advisors LLC acquired a new position in shares of Lowe’s Companies during the 4th quarter valued at about $25,000. Legacy Investment Solutions LLC purchased a new stake in Lowe’s Companies during the third quarter worth about $27,000. Winch Advisory Services LLC increased its position in shares of Lowe’s Companies by 56.4% during the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after acquiring an additional 44 shares during the period. Marshall Investment Management LLC acquired a new stake in Lowe’s Companies in the 4th quarter valued at about $31,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of Lowe’s Companies in the 4th quarter valued at $44,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Piper Sandler lowered their target price on shares of Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating for the company in a report on Monday. Mizuho cut their price target on shares of Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. Stifel Nicolaus increased their price target on shares of Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. Royal Bank of Canada reduced their price objective 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. Finally, BNP Paribas upgraded Lowe’s Companies to a “strong sell” rating 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and an average target price of $279.71.

Lowe’s Companies Stock Down 1.0 %

NYSE LOW opened at $230.61 on Wednesday. The business’s fifty day moving average is $247.26 and its 200 day moving average is $257.71. The company has a market cap of $130.21 billion, a price-to-earnings ratio of 19.23, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. Lowe’s Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01.

Lowe’s Companies (NYSE:LOW) last issued 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 negative return on equity of 47.55% and a net margin of 8.19%. The firm had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. On average, research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Investors 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 dividend yield of 1.99%. The ex-dividend date is Wednesday, April 23rd. Lowe’s Companies’s payout ratio is 37.67%.

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.