Daymark Wealth Partners LLC Sells 697 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Daymark Wealth Partners LLC cut its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,063 shares of the home improvement retailer’s stock after selling 697 shares during the period. Daymark Wealth Partners LLC’s holdings in Lowe’s Companies were worth $5,612,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Wood Tarver Financial Group LLC bought a new stake in Lowe’s Companies in the fourth quarter worth about $25,000. Marshall Investment Management LLC bought a new position in shares of Lowe’s Companies during the fourth quarter valued at approximately $31,000. Caisse Des Depots ET Consignations purchased a new stake in shares of Lowe’s Companies in the fourth quarter worth approximately $33,000. Orion Capital Management LLC bought a new stake in shares of Lowe’s Companies during the 4th quarter worth approximately $36,000. Finally, IFS Advisors LLC boosted its holdings in Lowe’s Companies by 60.0% during the 1st quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer’s stock valued at $37,000 after acquiring an additional 60 shares during the period. 74.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on LOW shares. Sanford C. Bernstein set a $266.00 target price on Lowe’s Companies and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. Bank of America cut their price target on shares of Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Royal Bank of Canada decreased their price objective on shares of 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. JPMorgan Chase & Co. reduced their target price on shares of Lowe’s Companies from $300.00 to $263.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 6th. Finally, BNP Paribas upgraded Lowe’s Companies to a “strong sell” rating in a report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $271.12.

Lowe’s Companies Stock Performance

Shares of LOW opened at $225.35 on Monday. The stock has a 50-day moving average of $223.72 and a two-hundred day moving average of $241.40. The stock has a market cap of $126.29 billion, a P/E ratio of 18.79, a P/E/G ratio of 1.96 and a beta of 0.92. Lowe’s Companies, Inc. has a one year low of $206.39 and a one year high of $287.01.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 EPS for the quarter, topping analysts’ consensus estimates of $2.88 by $0.04. The firm had revenue of $20.93 billion during the quarter, compared to the consensus estimate of $21.09 billion. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The company’s revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.06 earnings per share. Analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd will be paid a $1.20 dividend. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Wednesday, July 23rd. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.13%. Lowe’s Companies’s dividend payout ratio is presently 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 that occurred on Tuesday, June 3rd. The stock was sold at an average price of $227.50, for a total value of $257,075.00. Following the sale, the executive vice president now owns 31,898 shares in the company, valued at approximately $7,256,795. This represents a 3.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 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.